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

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

Other equities analysts have also issued reports about the stock. Royal Bank of Canada raised 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. Evercore ISI raised their price objective 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. TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and upped their target price for the company from $35.00 to $46.00 in a report on Monday, October 28th. UBS Group increased their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.33.

Federated Hermes Stock Performance

NYSE FHI opened at $41.64 on Monday. The company has a fifty day moving average of $37.46 and a two-hundred day moving average of $34.68. The company has a market capitalization of $3.41 billion, a PE ratio of 13.39, a P/E/G ratio of 1.21 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 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 announced its earnings results on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. The firm had revenue of $408.46 million during the quarter, compared to analysts’ expectations of $410.26 million. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. As a group, analysts expect that Federated Hermes will post 3.83 earnings per share for the current year.

Federated Hermes Announces Dividend

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 issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Friday, November 8th. Federated Hermes’s payout ratio is 39.87%.

Insider Buying and Selling

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 12,152 shares of Federated Hermes stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $39.86, for a total value of $484,378.72. Following the sale, the chief executive officer now owns 179,096 shares of the company’s stock, valued at approximately $7,138,766.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Dolores D. Dudiak sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total transaction of $199,450.00. Following the transaction, the vice president now directly owns 77,288 shares of the company’s stock, valued at $3,083,018.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $484,378.72. Following the completion of the sale, 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 disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Federated Hermes by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 8,577,679 shares of the company’s stock worth $309,826,000 after acquiring an additional 45,214 shares during the period. FMR LLC boosted its position in Federated Hermes by 2.5% during the third quarter. FMR LLC now owns 5,666,335 shares of the company’s stock worth $208,351,000 after purchasing an additional 137,245 shares in the last quarter. AQR Capital Management LLC grew its holdings in Federated Hermes by 88.3% in the second quarter. AQR Capital Management LLC now owns 2,689,488 shares of the company’s stock valued at $87,866,000 after purchasing an additional 1,261,097 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Federated Hermes by 39.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,142,192 shares of the company’s stock valued at $37,555,000 after buying an additional 324,958 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Federated Hermes by 1.1% during the 2nd quarter. Millennium Management LLC now owns 969,844 shares of the company’s stock worth $31,888,000 after buying an additional 10,552 shares during the last quarter. 75.94% of the stock is 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.