Federated Hermes Inc (NYSE:FHI) shares traded 0.49% higher at $38.59 on Wall Street last session.
FHI stock price is now -3.85% away from the 50-day moving average and 5.58% away from the 200-day moving average. The market capitalization of the company currently stands at $3.16B.
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With the price target reduced from $42 to $41, JP Morgan Downgraded its rating from Neutral to Underweight for Federated Hermes Inc (NYSE: FHI). On January 08, 2025, Deutsche Bank Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $45 to quote $43, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Nusseibeh Saker Anwar, CEO, Federated Hermes Limited sold 5,546 shares of the company’s stock on Feb 07 ’25. The stock was sold for $215,221 at an average price of $38.81. Upon completion of the transaction, the CEO, Federated Hermes Limited now directly owns 179,096 shares in the company, valued at $6.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 07 ’25, Officer SAKER ANWAR NUSSEIBEH bought 5,546 shares of the business’s stock. A total of $215,221 was incurred on buying the stock at an average price of $38.81. A total of 4.52% of the company’s stock is owned by insiders.
During the past 12 months, Federated Hermes Inc has had a low of $31.23 and a high of $43.92. According to the stock market information, the enterprise value for the company is $2784175104, which is based on a 11.92 price-to-earnings ratio, a 1.03 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for FHI is $40.1344 and a two-hundred day moving average price translates $36.57605 for the stock.
The latest earnings results from Federated Hermes Inc (NYSE: FHI) was released for 2024-12-31. The net profit margin was 15.69% and return on equity was 23.07% for FHI. The company reported revenue of $408.46 million for the quarter, compared to $402.66 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.44 percent.
