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

Federated Hermes (NYSE:FHI) had its price objective increased by UBS Group from $39.00 to $40.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also recently weighed in on FHI. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. 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 note on Monday, October 28th. Royal Bank of Canada lowered their price objective on shares of 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. Evercore ISI upped their target price on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $42.17.

Federated Hermes Stock Down 1.1 %

Shares of NYSE:FHI opened at $39.33 on Monday. 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 company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 1.47 and a beta of 1.16. The business has a 50-day moving average price of $40.70 and a 200 day moving average price of $37.99. Federated Hermes has a 12-month low of $31.24 and a 12-month high of $43.92.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.04 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%. Sell-side analysts expect that Federated Hermes will post 4.14 EPS for the current year.

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Friday, February 7th. Federated Hermes’s dividend payout ratio is presently 38.87%.

Insiders Place Their Bets

In other news, insider Richard A. Novak sold 1,363 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 53,837 shares in the company, valued at approximately $2,232,620.39. The trade was a 2.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paul A. Uhlman sold 6,311 shares of the stock in a transaction on Tuesday, November 19th. The shares were 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 $12,862,646.13. This trade represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,128 shares of company stock valued at $502,042 in the last ninety days. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Federated Hermes

Several large investors have recently bought and sold shares of FHI. R Squared Ltd purchased a new stake in shares of Federated Hermes in the 4th quarter valued at about $43,000. GAMMA Investing LLC lifted its stake in Federated Hermes by 49.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after buying an additional 349 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in Federated Hermes in the fourth quarter valued at approximately $53,000. Neo Ivy Capital Management acquired a new stake in shares of Federated Hermes in the third quarter valued at approximately $60,000. Finally, CWM LLC grew its position in shares of Federated Hermes by 74.7% during the third quarter. CWM LLC now owns 2,523 shares of the company’s stock worth $93,000 after acquiring an additional 1,079 shares during the last quarter. Institutional investors and hedge funds 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.