Federated Hermes (NYSE:FHI) Rating Increased to Strong-Buy at Wall Street Zen

Federated Hermes (NYSE:FHI) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also recently commented on FHI. Cowen reaffirmed a “hold” rating on shares of Federated Hermes in a report on Tuesday, November 4th. TD Cowen raised their price objective on shares of Federated Hermes from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Zacks Research cut shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. JPMorgan Chase & Co. raised their price target on Federated Hermes from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Federated Hermes in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.00.

Federated Hermes Stock Performance

Shares of FHI stock opened at $52.84 on Friday. The stock’s 50-day moving average is $51.12 and its two-hundred day moving average is $50.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.58 and a current ratio of 3.13. Federated Hermes has a 1 year low of $35.05 and a 1 year high of $54.48. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 0.54 and a beta of 0.75.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, October 30th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.23. The firm had revenue of $469.45 million during the quarter, compared to analysts’ expectations of $442.67 million. Federated Hermes had a return on equity of 33.03% and a net margin of 21.86%.The business’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 EPS. Analysts predict that Federated Hermes will post 4.04 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $48.54, for a total value of $728,100.00. Following the completion of the sale, the chief executive officer owned 157,039 shares in the company, valued at $7,622,673.06. This trade represents a 8.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Dolores D. Dudiak sold 999 shares of Federated Hermes stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $47.87, for a total value of $47,822.13. Following the completion of the sale, the vice president directly owned 88,223 shares in the company, valued at $4,223,235.01. This represents a 1.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 21,709 shares of company stock valued at $1,049,146 over the last ninety days. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Congress Asset Management Co. boosted its position in shares of Federated Hermes by 2.9% during the 4th quarter. Congress Asset Management Co. now owns 72,303 shares of the company’s stock worth $3,765,000 after purchasing an additional 2,057 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Federated Hermes by 408.8% in the fourth quarter. SG Americas Securities LLC now owns 57,952 shares of the company’s stock valued at $3,018,000 after purchasing an additional 46,561 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Federated Hermes by 36.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 116,278 shares of the company’s stock worth $6,055,000 after buying an additional 31,240 shares in the last quarter. Fragasso Financial Advisors Inc acquired a new position in Federated Hermes during the fourth quarter worth about $210,000. Finally, GAMMA Investing LLC increased its holdings in Federated Hermes by 8.3% in the fourth quarter. GAMMA Investing LLC now owns 2,734 shares of the company’s stock valued at $142,000 after buying an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Federated Hermes Company Profile

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.