Federated Hermes (NYSE:FHI) Price Target Raised to $40.00 at UBS Group

Federated Hermes (NYSE:FHI) had its target price hoisted by analysts at UBS Group from $39.00 to $40.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 0.69% from the stock’s previous close.

Several other equities research analysts have also commented on the company. StockNews.com lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $42.00 price objective (down previously from $49.00) on shares of Federated Hermes in a research note on Tuesday, January 7th. Royal Bank of Canada cut their price objective on 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. TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and raised their target price for the stock from $35.00 to $46.00 in a research note on Monday, October 28th. Finally, Evercore ISI upped their price target on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Federated Hermes presently has an average rating of “Hold” and a consensus price target of $42.17.

Federated Hermes Trading Up 0.9 %

Shares of NYSE:FHI opened at $39.72 on Monday. The stock’s 50-day simple moving average is $40.63 and its two-hundred day simple moving average is $38.02. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.47 and a beta of 1.16. 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.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. Analysts expect that Federated Hermes will post 4.14 EPS for the current year.

Insider Transactions at Federated Hermes

In other news, VP Paul A. Uhlman sold 6,311 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.39, for a total transaction of $261,212.29. Following the completion of the transaction, the vice president now directly owns 310,767 shares in the company, valued at approximately $12,862,646.13. This represents a 1.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard A. Novak sold 1,363 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total transaction of $56,523.61. Following the completion of the transaction, the insider now directly owns 53,837 shares of the company’s stock, valued at approximately $2,232,620.39. This trade represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,128 shares of company stock valued at $502,042. 3.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Federated Hermes

Several institutional investors have recently bought and sold shares of FHI. Amalgamated Bank raised its position in shares of Federated Hermes by 1.0% during the 4th quarter. Amalgamated Bank now owns 32,614 shares of the company’s stock valued at $1,341,000 after buying an additional 313 shares in the last quarter. Bank of New York Mellon Corp increased 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 acquiring an additional 446,683 shares during the last quarter. Hardy Reed LLC purchased a new stake in Federated Hermes during the fourth quarter valued at approximately $205,000. Handelsbanken Fonder AB lifted its stake in shares of Federated Hermes by 6.9% in the 4th quarter. Handelsbanken Fonder AB now owns 21,653 shares of the company’s stock valued at $890,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Ieq Capital LLC purchased a new position in shares of Federated Hermes in the 4th quarter worth approximately $353,000. 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.