Federated Hermes (NYSE:FHI) Raised to Buy at Wall Street Zen

Federated Hermes (NYSE:FHI) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

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

Federated Hermes Trading Down 0.2%

Shares of FHI stock opened at $57.72 on Friday. The business has a 50-day moving average of $55.43 and a 200 day moving average of $52.81. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.30. Federated Hermes has a 1-year low of $35.05 and a 1-year high of $58.57. The stock has a market capitalization of $4.38 billion, a PE ratio of 11.23, a P/E/G ratio of 2.02 and a beta of 0.67.

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

Insider Activity at Federated Hermes

In other news, VP Paul A. Uhlman sold 72,392 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $56.23, for a total value of $4,070,602.16. Following the completion of the transaction, the vice president owned 263,987 shares in the company, valued at $14,843,989.01. The trade was a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

Several large investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. grew its position in shares of Federated Hermes by 24.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock valued at $52,000 after acquiring an additional 194 shares during the period. GAMMA Investing LLC grew its holdings in Federated Hermes by 8.3% during the 4th 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. MAI Capital Management increased its holdings in shares of Federated Hermes by 86.7% in the third quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $25,000 after purchasing an additional 221 shares during the last quarter. RiverFront Investment Group LLC increased its stake in Federated Hermes by 4.7% in the 4th quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock worth $299,000 after acquiring an additional 256 shares during the last quarter. Finally, Advyzon Investment Management LLC raised its stake in Federated Hermes by 6.0% during the fourth quarter. Advyzon Investment Management LLC now owns 4,594 shares of the company’s stock valued at $239,000 after purchasing an additional 259 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

About Federated Hermes

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.