Federated Hermes (NYSE:FHI) Stock Rating Lowered by StockNews.com

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

Several other equities research analysts have also issued reports on FHI. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $43.00 price target (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. 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. UBS Group raised their target price on Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Evercore ISI set a $44.00 target price on Federated Hermes in a research note on Monday, February 3rd. Finally, Royal Bank of Canada cut their target price on 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.17.

Federated Hermes Stock Performance

FHI stock opened at $39.54 on Friday. 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 firm has a market cap of $3.21 billion, a P/E ratio of 12.39, a P/E/G ratio of 1.00 and a beta of 1.10. Federated Hermes has a 12-month low of $31.24 and a 12-month high of $43.92. The stock’s 50 day simple moving average is $38.66 and its 200 day simple moving average is $39.14.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. As a group, equities research analysts predict that Federated Hermes will post 4.04 EPS for the current year.

Insider Activity

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction of $215,240.26. Following the transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FHI. FMR LLC grew its holdings in Federated Hermes by 4.5% during the fourth quarter. FMR LLC now owns 5,919,888 shares of the company’s stock worth $243,367,000 after acquiring an additional 253,553 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in Federated Hermes by 3.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,888,263 shares of the company’s stock worth $77,626,000 after acquiring an additional 63,664 shares during the period. Geode Capital Management LLC grew its holdings 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 acquiring an additional 32,070 shares during the period. Bank of New York Mellon Corp grew its holdings 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 period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Federated Hermes by 19.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company’s stock worth $37,618,000 after acquiring an additional 145,878 shares during the period. 75.94% of the stock is 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.