Federated Hermes (NYSE:FHI) Price Target Lowered to $35.00 at UBS Group

Federated Hermes (NYSE:FHI) had its target price reduced by investment analysts at UBS Group from $36.00 to $35.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 7.86% from the company’s current price.

FHI has been the subject of a number of other reports. Evercore ISI decreased their price target on Federated Hermes from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. TD Cowen decreased their target price on Federated Hermes from $36.00 to $34.00 and set a “hold” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. upped their price target on Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Federated Hermes presently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

Federated Hermes Stock Up 0.3 %

Shares of FHI traded up $0.11 during midday trading on Wednesday, hitting $32.45. The company had a trading volume of 11,520 shares, compared to its average volume of 773,754. The company’s 50-day simple moving average is $32.61 and its 200-day simple moving average is $34.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 3.39. Federated Hermes has a 1 year low of $30.23 and a 1 year high of $37.31. The firm has a market capitalization of $2.73 billion, a P/E ratio of 9.22, a P/E/G ratio of 1.09 and a beta of 1.17.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.89 EPS for the quarter, hitting the consensus estimate of $0.89. The company had revenue of $396.37 million during the quarter, compared to analysts’ expectations of $400.26 million. Federated Hermes had a net margin of 18.75% and a return on equity of 27.00%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS. As a group, sell-side analysts expect that Federated Hermes will post 3.6 EPS for the current year.

Insiders Place Their Bets

In other news, VP Paul A. Uhlman sold 994 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $31.43, for a total transaction of $31,241.42. Following the completion of the sale, the vice president now owns 298,578 shares in the company, valued at $9,384,306.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Federated Hermes news, VP Paul A. Uhlman sold 994 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $31.43, for a total transaction of $31,241.42. Following the completion of the sale, the vice president now directly owns 298,578 shares of the company’s stock, valued at approximately $9,384,306.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Paul A. Uhlman sold 975 shares of Federated Hermes stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $32,175.00. Following the completion of the transaction, the vice president now owns 299,572 shares in the company, valued at $9,885,876. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,361 shares of company stock valued at $76,360. Insiders own 3.70% of the company’s stock.

Institutional Trading of Federated Hermes

Several hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp lifted its position in Federated Hermes by 71.1% in the fourth quarter. Fifth Third Bancorp now owns 739 shares of the company’s stock valued at $25,000 after purchasing an additional 307 shares during the period. Headlands Technologies LLC lifted its holdings in shares of Federated Hermes by 607.7% in the 1st quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock valued at $30,000 after buying an additional 711 shares during the period. Hexagon Capital Partners LLC boosted its stake in shares of Federated Hermes by 216.4% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,041 shares of the company’s stock valued at $35,000 after buying an additional 712 shares in the last quarter. Signaturefd LLC raised its position in Federated Hermes by 65.7% in the fourth quarter. Signaturefd LLC now owns 1,382 shares of the company’s stock worth $47,000 after acquiring an additional 548 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in Federated Hermes in the second quarter valued at $47,000. Institutional investors and hedge funds 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.