Federated Hermes (NYSE:FHI) Stock Rating Upgraded by Wall Street Zen

Federated Hermes (NYSE:FHI) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

FHI has been the topic of a number of other reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $55.00 target price (up from $54.00) on shares of Federated Hermes in a research note on Tuesday, February 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Federated Hermes in a report on Thursday, January 22nd. Argus raised shares of Federated Hermes to a “hold” rating in a research report on Monday, February 2nd. TD Cowen reiterated a “hold” rating on shares of Federated Hermes in a research note on Wednesday, January 14th. Finally, Zacks Research downgraded shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.00.

Federated Hermes Stock Performance

FHI stock opened at $57.72 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.75 and a debt-to-equity ratio of 0.29. The firm has a market cap of $4.38 billion, a PE ratio of 11.23, a P/E/G ratio of 2.02 and a beta of 0.67. The business has a 50 day moving average of $55.43 and a 200-day moving average of $52.81. Federated Hermes has a 12-month low of $35.05 and a 12-month high of $58.57.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings results on Thursday, January 29th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $482.83 million for the quarter, compared to analyst estimates of $468.45 million. Federated Hermes had a return on equity of 34.25% and a net margin of 22.40%.Federated Hermes’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company posted $1.04 earnings per share. As a group, sell-side analysts expect that Federated Hermes will post 4.04 earnings per share for the current year.

Insider Activity

In other news, VP Paul A. Uhlman sold 72,392 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $56.23, for a total value of $4,070,602.16. Following the sale, the vice president owned 263,987 shares of the company’s stock, valued at $14,843,989.01. The trade was a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FHI. MAI Capital Management lifted its position in shares of Federated Hermes by 86.7% during the third quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $25,000 after acquiring an additional 221 shares in the last quarter. Torren Management LLC purchased a new position in shares of Federated Hermes in the fourth quarter valued at $25,000. CIBC Private Wealth Group LLC grew its position in shares of Federated Hermes by 119.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 736 shares of the company’s stock valued at $38,000 after purchasing an additional 401 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Federated Hermes by 145.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 848 shares of the company’s stock valued at $44,000 after purchasing an additional 503 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Federated Hermes by 97.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $45,000 after purchasing an additional 430 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

About Federated Hermes

Federated Hermes, Inc is a global investment manager that provides a range of asset management solutions to institutional and individual investors. The company offers active strategies across equity, fixed income, multi-asset, liquidity, and alternative investments. Through its suite of mutual funds, separate accounts and collective investment vehicles, Federated Hermes seeks to deliver performance-driven outcomes aligned with client objectives and risk tolerances.

In addition to traditional investment management, Federated Hermes has developed specialized capabilities in sustainability and responsible investing, integrating environmental, social and governance (ESG) research into its investment process.