Deutsche Bank Aktiengesellschaft Reiterates Hold Rating for Federated Hermes (NYSE:FHI)

Deutsche Bank Aktiengesellschaft reiterated their hold rating on shares of Federated Hermes (NYSE:FHI) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a $43.00 target price on the stock, down from their previous target price of $45.00.

Other equities research analysts also recently issued reports about the stock. Evercore ISI boosted their target price on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. UBS Group upped their price objective on Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. StockNews.com downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. restated a “neutral” rating and set a $42.00 target price (down previously from $49.00) on shares of Federated Hermes in a report on Tuesday. Finally, TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and boosted their price target for the stock from $35.00 to $46.00 in a research report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $42.17.

Federated Hermes Stock Performance

Shares of NYSE FHI opened at $38.39 on Wednesday. The company has a 50-day simple moving average of $41.59 and a 200-day simple moving average of $37.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.75 and a quick ratio of 2.03. The company has a market cap of $3.14 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 1.19 and a beta of 1.16. Federated Hermes has a 12 month low of $31.24 and a 12 month high of $43.92.

Federated Hermes (NYSE:FHI) last released its 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. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The firm had revenue of $408.46 million during the quarter, compared to analyst estimates of $410.26 million. During the same period in the prior year, the firm posted $0.86 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities analysts anticipate that Federated Hermes will post 3.88 earnings per share for the current year.

Federated Hermes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.23%. Federated Hermes’s payout ratio is 39.87%.

Insider Activity

In related news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $39.86, for a total transaction of $484,378.72. Following the sale, the chief executive officer now owns 179,096 shares in the company, valued at $7,138,766.56. This represents a 6.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dolores D. Dudiak sold 5,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $3,083,018.32. This represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,280 shares of company stock worth $1,185,871. 3.70% of the stock is currently owned by insiders.

Institutional Trading of Federated Hermes

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in Federated Hermes by 60.9% during the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after buying an additional 646 shares during the last quarter. DGS Capital Management LLC boosted its position in Federated Hermes by 4.7% during the 3rd quarter. DGS Capital Management LLC now owns 20,715 shares of the company’s stock worth $762,000 after acquiring an additional 931 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Federated Hermes in the third quarter worth $113,000. Sanctuary Advisors LLC acquired a new position in shares of Federated Hermes during the third quarter valued at $475,000. Finally, Passumpsic Savings Bank bought a new stake in shares of Federated Hermes during the third quarter valued at about $206,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.