Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Federated Hermes (NYSE:FHI) Stock Price

Federated Hermes (NYSE:FHI) had its price objective raised by Deutsche Bank Aktiengesellschaft from $43.00 to $45.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

FHI has been the subject of a number of other research reports. StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 7th. UBS Group upped their target price 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. TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $46.00 in a research report on Monday, October 28th. Evercore ISI upped their target price 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. Finally, Royal Bank of Canada upped 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 report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.33.

Federated Hermes Stock Performance

FHI opened at $42.21 on Monday. The firm has a market cap of $3.45 billion, a P/E ratio of 13.57, a PEG ratio of 1.18 and a beta of 1.15. Federated Hermes has a 1-year low of $31.08 and a 1-year high of $42.56. The company has a 50 day simple moving average of $37.16 and a two-hundred day simple moving average of $34.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.75 and a quick ratio of 2.03.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, topping 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 net margin of 16.62% and a return on equity of 29.85%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 earnings per share. Equities analysts forecast that Federated Hermes will post 3.83 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

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

Insider Activity

In other news, VP Dolores D. Dudiak sold 5,000 shares of the 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 sale, the vice president now owns 77,288 shares of the company’s stock, valued at approximately $3,083,018.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $39.86, for a total value of $484,378.72. Following the transaction, the chief executive officer now owns 179,096 shares of the company’s stock, valued at $7,138,766.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in Federated Hermes during the 1st quarter worth about $1,542,000. BNP Paribas Financial Markets grew its holdings in Federated Hermes by 69.3% during the 1st quarter. BNP Paribas Financial Markets now owns 36,615 shares of the company’s stock worth $1,323,000 after acquiring an additional 14,987 shares in the last quarter. SG Americas Securities LLC grew its holdings in Federated Hermes by 92.2% during the 1st quarter. SG Americas Securities LLC now owns 7,290 shares of the company’s stock worth $263,000 after acquiring an additional 3,497 shares in the last quarter. Inspire Investing LLC bought a new position in Federated Hermes during the 1st quarter worth about $892,000. Finally, Headlands Technologies LLC grew its holdings in Federated Hermes by 607.7% during the 1st quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock worth $30,000 after acquiring an additional 711 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

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.