Federated Hermes (NYSE:FHI) Given New $45.00 Price Target at Deutsche Bank Aktiengesellschaft

Federated Hermes (NYSE:FHI) had its price target upped by Deutsche Bank Aktiengesellschaft from $43.00 to $45.00 in a research note issued to investors on Monday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other research firms have also recently commented on FHI. Royal Bank of Canada lifted their target price 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. Evercore ISI raised their price target on shares of 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 Thursday, November 7th. TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $46.00 in a report on Monday, October 28th. Finally, UBS Group lifted their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Federated Hermes currently has an average rating of “Moderate Buy” and an average target price of $43.33.

Federated Hermes Stock Up 2.7 %

FHI stock opened at $42.21 on Monday. The firm has a 50 day moving average of $37.16 and a 200 day moving average of $34.56. The stock has a market capitalization of $3.45 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 1.18 and a beta of 1.15. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32. Federated Hermes has a 52 week low of $31.08 and a 52 week high of $42.56.

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

Federated Hermes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Friday, November 8th. Federated Hermes’s payout ratio is presently 39.87%.

Insider Buying and Selling

In related news, VP Dolores D. Dudiak sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total value 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 approximately $3,083,018.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the business’s 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 directly owns 179,096 shares in the company, valued at $7,138,766.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Dolores D. Dudiak sold 5,000 shares of the business’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 sale, the vice president now owns 77,288 shares in the company, valued at $3,083,018.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Institutional Trading of Federated Hermes

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC increased its stake in Federated Hermes by 267.9% during the second quarter. SG Americas Securities LLC now owns 26,820 shares of the company’s stock worth $882,000 after purchasing an additional 19,530 shares during the period. Tidal Investments LLC purchased a new stake in shares of Federated Hermes during the first quarter worth approximately $1,419,000. Ontario Teachers Pension Plan Board increased its stake in shares of Federated Hermes by 103.0% during the first quarter. Ontario Teachers Pension Plan Board now owns 58,726 shares of the company’s stock worth $2,121,000 after buying an additional 29,793 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Federated Hermes during the first quarter worth approximately $1,542,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Federated Hermes by 39.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,142,192 shares of the company’s stock worth $37,555,000 after buying an additional 324,958 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

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.