Federated Hermes (NYSE:FHI) Upgraded at StockNews.com

Federated Hermes (NYSE:FHI - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a report issued on Monday.

Several other research analysts have also recently weighed in on the company. Evercore ISI lifted their price target on Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $41.00 target price (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $43.00 price objective (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. Royal Bank of Canada lowered their target price on shares of Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 28th. Finally, UBS Group lifted their price target on Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $41.67.

Federated Hermes Stock Performance

FHI traded up $0.97 during trading on Monday, reaching $41.74. 705,290 shares of the company's stock were exchanged, compared to its average volume of 731,508. The company's fifty day simple moving average is $38.86 and its 200-day simple moving average is $39.76. The stock has a market capitalization of $3.39 billion, a P/E ratio of 13.08, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. Federated Hermes has a 1 year low of $31.24 and a 1 year high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.91 by $0.19. The company had revenue of $423.54 million for the quarter, compared to analyst estimates of $425.43 million. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. The firm's revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 earnings per share. As a group, research analysts predict that Federated Hermes will post 4.04 earnings per share for the current fiscal year.

Insider Activity at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction on Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction of $215,240.26. Following the sale, the chief executive officer now owns 179,096 shares of the company's stock, valued at $6,950,715.76. The trade was a 3.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Federated Hermes

A number of institutional investors and hedge funds have recently bought and sold shares of FHI. FMR LLC lifted its stake in Federated Hermes by 4.5% in the 4th quarter. FMR LLC now owns 5,919,888 shares of the company's stock worth $243,367,000 after purchasing an additional 253,553 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Federated Hermes by 3.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,888,263 shares of the company's stock valued at $77,626,000 after purchasing an additional 63,664 shares during the last quarter. Geode Capital Management LLC boosted its stake in Federated Hermes by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,282,252 shares of the company's stock worth $52,731,000 after buying an additional 32,070 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Federated Hermes by 53.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company's stock worth $52,493,000 after buying an additional 446,683 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Federated Hermes by 19.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock valued at $37,618,000 after buying an additional 145,878 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

About Federated Hermes

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.