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

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Federated Hermes (NYSE:FHI) in a report issued on Wednesday morning, Marketbeat reports. They currently have a $43.00 price objective on the stock, down from their previous price objective of $45.00.

FHI has been the subject of a number of other reports. Royal Bank of Canada boosted their price target on shares of Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. reiterated 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. Evercore ISI raised their target price 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. UBS Group lifted their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and increased their price target for the stock from $35.00 to $46.00 in a research note on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $42.17.

Federated Hermes Trading Up 0.2 %

NYSE:FHI opened at $39.32 on Wednesday. Federated Hermes has a 1 year low of $31.24 and a 1 year high of $43.92. The stock has a market cap of $3.22 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.19 and a beta of 1.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75. The stock has a 50-day simple moving average of $41.65 and a 200-day simple moving average of $37.30.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.92 by $0.14. The company had revenue of $408.46 million for the quarter, compared to analyst estimates of $410.26 million. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 earnings per share. As a group, analysts anticipate that Federated Hermes will post 3.88 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.15%. Federated Hermes’s payout ratio is currently 39.87%.

Insider Activity

In other Federated Hermes news, VP Dolores D. Dudiak sold 5,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the completion of the transaction, the vice president now owns 77,288 shares in the company, valued at approximately $3,083,018.32. This represents a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard A. Novak sold 1,363 shares of the stock in a transaction dated 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 owns 53,837 shares of the company’s stock, valued at $2,232,620.39. This represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,280 shares of company stock valued at $1,185,871 over the last quarter. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Federated Hermes

Several hedge funds have recently added to or reduced their stakes in FHI. Bank of Montreal Can lifted its holdings in shares of Federated Hermes by 102.7% in the second quarter. Bank of Montreal Can now owns 282,995 shares of the company’s stock valued at $9,308,000 after purchasing an additional 143,363 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 buying an additional 349 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Federated Hermes by 24.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock worth $28,282,000 after buying an additional 152,926 shares in the last quarter. Factorial Partners LLC raised its holdings in shares of Federated Hermes by 11.5% in the third quarter. Factorial Partners LLC now owns 160,239 shares of the company’s stock worth $5,892,000 after acquiring an additional 16,500 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Federated Hermes by 228.6% in the third quarter. Barclays PLC now owns 215,650 shares of the company’s stock valued at $7,930,000 after acquiring an additional 150,017 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

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.