Federated Hermes (NYSE:FHI) Earns “Neutral” Rating from JPMorgan Chase & Co.

Federated Hermes (NYSE:FHI)‘s stock had its “neutral” rating reissued by analysts at JPMorgan Chase & Co. in a report released on Tuesday, MarketBeat.com reports. They presently have a $42.00 target price on the stock, down from their previous target price of $49.00. JPMorgan Chase & Co.‘s price target indicates a potential upside of 6.82% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Evercore ISI upped their price objective on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 26th. UBS Group upped their price objective on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada upped their price target on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Federated Hermes presently has a consensus rating of “Hold” and an average price target of $42.17.

Federated Hermes Trading Up 0.2 %

Shares of Federated Hermes stock opened at $39.32 on Tuesday. Federated Hermes has a 1 year low of $31.24 and a 1 year high of $43.92. 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 stock has a market cap of $3.22 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 1.19 and a beta of 1.15. The firm has a fifty day moving average price of $41.65 and a 200 day moving average price of $37.30.

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

Insiders Place Their Bets

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 12,152 shares of Federated Hermes stock in a transaction 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 sale, the chief executive officer now owns 179,096 shares of the company’s stock, valued at $7,138,766.56. The trade was a 6.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Dolores D. Dudiak sold 5,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total transaction of $199,450.00. Following the completion of the sale, the vice president now owns 77,288 shares of the company’s stock, valued at $3,083,018.32. This trade represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,280 shares of company stock worth $1,185,871. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FHI. GAMMA Investing LLC increased its holdings in shares of Federated Hermes by 49.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after purchasing an additional 349 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Federated Hermes in the 3rd quarter valued at $60,000. Headlands Technologies LLC increased its stake in shares of Federated Hermes by 134.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,945 shares of the company’s stock worth $64,000 after acquiring an additional 1,117 shares during the last quarter. CWM LLC raised its holdings in shares of Federated Hermes by 74.7% during the 3rd quarter. CWM LLC now owns 2,523 shares of the company’s stock worth $93,000 after acquiring an additional 1,079 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Federated Hermes by 23.3% during the 2nd quarter. Acadian Asset Management LLC now owns 3,402 shares of the company’s stock valued at $111,000 after acquiring an additional 643 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

About Federated Hermes

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.