Federated Hermes (NYSE:FHI) Rating Lowered to "Hold" at TD Cowen

Federated Hermes (NYSE:FHI - Get Free Report) was downgraded by research analysts at TD Cowen from a "buy" rating to a "hold" rating in a research report issued on Wednesday,Finviz reports.

Several other equities analysts also recently weighed in on the company. StockNews.com raised Federated Hermes from a "buy" rating to a "strong-buy" rating in a research note on Monday, April 28th. Royal Bank of Canada increased their target price on Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $41.00 price target (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Evercore ISI boosted their price target on Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, UBS Group upped their target price on Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $42.33.

Federated Hermes Stock Down 0.3%

Shares of NYSE:FHI opened at $42.82 on Wednesday. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 1.00 and a beta of 0.77. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $39.41 and a 200 day moving average price of $39.97. Federated Hermes has a 12-month low of $31.24 and a 12-month high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.19. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. The firm had revenue of $423.54 million during the quarter, compared to analysts' expectations of $425.43 million. During the same quarter in the previous year, the business earned $0.89 earnings per share. The firm's revenue was up 6.8% compared to the same quarter last year. Sell-side analysts expect that Federated Hermes will post 4.04 EPS for the current year.

Institutional Trading of Federated Hermes

A number of hedge funds have recently modified their holdings of FHI. Hohimer Wealth Management LLC increased its position in shares of Federated Hermes by 3.8% during the 1st quarter. Hohimer Wealth Management LLC now owns 6,795 shares of the company's stock worth $277,000 after purchasing an additional 249 shares during the last quarter. Walleye Capital LLC boosted its stake in shares of Federated Hermes by 4.1% in the fourth quarter. Walleye Capital LLC now owns 6,877 shares of the company's stock valued at $283,000 after buying an additional 269 shares during the period. Pacer Advisors Inc. raised its position in shares of Federated Hermes by 2.5% in the 1st quarter. Pacer Advisors Inc. now owns 11,900 shares of the company's stock valued at $485,000 after buying an additional 286 shares in the last quarter. Amalgamated Bank raised its position in Federated Hermes by 1.0% during the fourth quarter. Amalgamated Bank now owns 32,614 shares of the company's stock valued at $1,341,000 after purchasing an additional 313 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Federated Hermes by 1.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 16,713 shares of the company's stock valued at $681,000 after purchasing an additional 317 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.

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