Federated Hermes (NYSE:FHI) Stock Rating Lowered by Wall Street Zen

Federated Hermes (NYSE:FHI) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

FHI has been the topic of a number of other reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $55.00 price objective (up from $54.00) on shares of Federated Hermes in a research note on Tuesday, February 3rd. TD Cowen reiterated a “hold” rating on shares of Federated Hermes in a research report on Wednesday, January 14th. Zacks Research downgraded shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a research report on Thursday, January 22nd. Finally, Argus upgraded shares of Federated Hermes to a “hold” rating in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.00.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $56.92 on Friday. The company has a current ratio of 2.75, a quick ratio of 2.30 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $54.40 and a two-hundred day simple moving average of $52.44. Federated Hermes has a 1-year low of $35.05 and a 1-year high of $57.80. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 1.98 and a beta of 0.73.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, January 29th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. Federated Hermes had a return on equity of 34.25% and a net margin of 22.40%.The firm had revenue of $482.83 million for the quarter, compared to analyst estimates of $468.45 million. During the same period in the previous year, the company posted $1.04 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. Analysts anticipate that Federated Hermes will post 4.04 earnings per share for the current year.

Hedge Funds Weigh In On Federated Hermes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Federated Hermes by 8.3% in the 4th quarter. GAMMA Investing LLC now owns 2,734 shares of the company’s stock valued at $142,000 after acquiring an additional 210 shares in the last quarter. MAI Capital Management grew its holdings in shares of Federated Hermes by 86.7% during the third quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $25,000 after purchasing an additional 221 shares in the last quarter. RiverFront Investment Group LLC increased its position in shares of Federated Hermes by 4.7% in the fourth quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock worth $299,000 after purchasing an additional 256 shares during the last quarter. Advyzon Investment Management LLC increased its position in shares of Federated Hermes by 6.0% in the fourth quarter. Advyzon Investment Management LLC now owns 4,594 shares of the company’s stock worth $239,000 after purchasing an additional 259 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Federated Hermes by 0.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,934 shares of the company’s stock valued at $3,580,000 after purchasing an additional 272 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 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.