Federated Hermes’ (FHI) “Hold” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Federated Hermes (NYSE:FHI)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Wednesday, MarketBeat Ratings reports. They presently have a $43.00 price target on the stock, down from their prior price target of $45.00. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 9.50% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Evercore ISI lifted their price objective on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group boosted their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and boosted their price target for the stock from $35.00 to $46.00 in a research report on Monday, October 28th. StockNews.com cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $42.00 price target (down from $49.00) on shares of Federated Hermes in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.17.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $39.27 on Wednesday. Federated Hermes has a fifty-two week low of $31.24 and a fifty-two week high of $43.92. The firm’s 50-day simple moving average is $41.67 and its 200 day simple moving average is $37.28. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.21 billion, a P/E ratio of 12.63, a P/E/G ratio of 1.19 and a beta of 1.15.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The business had revenue of $408.46 million for the quarter, compared to analysts’ expectations of $410.26 million. During the same period in the previous year, the business earned $0.86 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. Equities analysts expect that Federated Hermes will post 3.88 EPS for the current year.

Insider Buying and Selling

In related news, VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the transaction, the vice president now owns 77,288 shares of the company’s stock, valued at approximately $3,083,018.32. This trade represents a 6.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Paul A. Uhlman sold 6,311 shares of Federated Hermes stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.39, for a total value of $261,212.29. Following the transaction, the vice president now directly owns 310,767 shares in the company, valued at approximately $12,862,646.13. This trade represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,280 shares of company stock valued at $1,185,871. 3.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Federated Hermes

Several institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue grew its stake in Federated Hermes by 3.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company’s stock valued at $336,000 after acquiring an additional 275 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Federated Hermes by 2.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock valued at $612,000 after acquiring an additional 340 shares in the last quarter. GAMMA Investing LLC grew its stake in Federated Hermes by 49.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after acquiring an additional 349 shares in the last quarter. Acadian Asset Management LLC grew its stake in Federated Hermes by 23.3% during the 2nd quarter. Acadian Asset Management LLC now owns 3,402 shares of the company’s stock valued at $111,000 after acquiring an additional 643 shares in the last quarter. Finally, James Investment Research Inc. grew its stake in shares of Federated Hermes by 9.7% in the 3rd quarter. James Investment Research Inc. now owns 7,896 shares of the company’s stock valued at $290,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

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.