Federated Hermes (NYSE:FHI) Price Target Raised to $45.00 at Deutsche Bank Aktiengesellschaft

Federated Hermes (NYSE:FHI) had its price objective increased by Deutsche Bank Aktiengesellschaft from $43.00 to $45.00 in a report released on Monday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on FHI. StockNews.com downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their price objective on shares of Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and upped their target price for the company from $35.00 to $46.00 in a research note on Monday, October 28th. Evercore ISI raised their price target on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, UBS Group upped their price objective on Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.

Federated Hermes Stock Up 0.9 %

Shares of NYSE:FHI opened at $42.01 on Monday. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.17 and a beta of 1.15. Federated Hermes has a 12 month low of $31.08 and a 12 month high of $42.56. The company has a current ratio of 2.75, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $37.60 and a 200 day moving average price of $34.73.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.14. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The business had revenue of $408.46 million during the quarter, compared to analyst estimates of $410.26 million. During the same period last year, the company earned $0.86 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities research analysts predict that Federated Hermes will post 3.83 earnings per share for the current year.

Federated Hermes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 8th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, November 8th. Federated Hermes’s dividend payout ratio is 39.87%.

Insider Transactions at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $39.86, for a total transaction of $484,378.72. Following the transaction, the chief executive officer now directly owns 179,096 shares in the company, valued at approximately $7,138,766.56. This trade represents a 6.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Dolores D. Dudiak sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total transaction of $199,450.00. Following the completion of the transaction, the vice president now directly owns 77,288 shares of the company’s stock, valued at $3,083,018.32. This trade represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Federated Hermes

Several institutional investors and hedge funds have recently added to or reduced their stakes in FHI. Headlands Technologies LLC boosted its holdings in shares of Federated Hermes by 607.7% in the 1st quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock valued at $30,000 after buying an additional 711 shares in the last quarter. GAMMA Investing LLC grew its holdings in Federated Hermes by 49.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after purchasing an additional 349 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Federated Hermes during the second quarter worth $47,000. UMB Bank n.a. lifted its holdings in shares of Federated Hermes by 26.0% during the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock valued at $47,000 after purchasing an additional 296 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Federated Hermes by 985.7% in the 2nd quarter. CWM LLC now owns 1,444 shares of the company’s stock worth $47,000 after purchasing an additional 1,311 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 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.