StockNews.com Downgrades Federated Hermes (NYSE:FHI) to Buy

Federated Hermes (NYSE:FHI) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

FHI has been the topic of several other reports. UBS Group raised their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Royal Bank of Canada decreased their price objective on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 28th. JPMorgan Chase & Co. reiterated 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. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $43.00 price target (down from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. Finally, Evercore ISI set a $44.00 price target on shares of Federated Hermes in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Federated Hermes has an average rating of “Hold” and an average target price of $42.17.

Federated Hermes Stock Up 0.6 %

Shares of NYSE:FHI traded up $0.23 during trading on Tuesday, reaching $38.96. 1,679,136 shares of the stock traded hands, compared to its average volume of 764,105. The stock has a 50-day moving average of $38.82 and a two-hundred day moving average of $38.90. Federated Hermes has a 52-week low of $31.24 and a 52-week high of $43.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The stock has a market cap of $3.17 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10.

Federated Hermes (NYSE:FHI) last issued its 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 net margin of 16.44% and a return on equity of 30.31%. As a group, sell-side analysts expect that Federated Hermes will post 4.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 179,096 shares in the company, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Federated Hermes

Hedge funds and other institutional investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Federated Hermes during the fourth quarter worth about $5,817,000. ABLE Financial Group LLC boosted its stake in Federated Hermes by 19.3% during the fourth quarter. ABLE Financial Group LLC now owns 37,164 shares of the company’s stock worth $1,528,000 after buying an additional 6,020 shares during the period. CSS LLC IL purchased a new position in Federated Hermes during the fourth quarter worth about $641,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Federated Hermes by 13.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 214,653 shares of the company’s stock worth $8,824,000 after buying an additional 24,964 shares during the period. Finally, Voloridge Investment Management LLC boosted its stake in shares of Federated Hermes by 14.6% in the fourth quarter. Voloridge Investment Management LLC now owns 365,084 shares of the company’s stock valued at $15,009,000 after purchasing an additional 46,627 shares during the period. 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.