Federated Hermes (NYSE:FHI) Stock Rating Lowered by StockNews.com

Federated Hermes (NYSE:FHI) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

Several other research analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Evercore ISI set a $44.00 target price on shares of Federated Hermes in a research note on Monday, February 3rd. UBS Group boosted their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada cut their target price on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $42.17.

Federated Hermes Trading Down 0.6 %

NYSE:FHI opened at $39.54 on Friday. The company has a market capitalization of $3.21 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. Federated Hermes has a 52-week low of $31.24 and a 52-week high of $43.92. The stock has a fifty day simple moving average of $38.66 and a 200-day simple moving average of $39.14.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. On average, equities research analysts expect that Federated Hermes will post 4.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction of $215,240.26. Following the completion of the sale, the chief executive officer now owns 179,096 shares in the company, valued at approximately $6,950,715.76. The trade was a 3.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is owned by company insiders.

Institutional Trading of Federated Hermes

Institutional investors have recently modified their holdings of the company. Quarry LP purchased a new stake in shares of Federated Hermes during the 4th quarter worth about $37,000. R Squared Ltd purchased a new stake in shares of Federated Hermes during the 4th quarter worth about $43,000. Sound Income Strategies LLC purchased a new stake in shares of Federated Hermes during the 4th quarter worth about $53,000. Neo Ivy Capital Management purchased a new stake in shares of Federated Hermes during the 3rd quarter worth about $60,000. Finally, GAMMA Investing LLC grew its holdings in shares of Federated Hermes by 60.9% during the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after purchasing an additional 646 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Federated Hermes Company Profile

Federated Hermes, Inc is a publicly owned investment manager. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.