In a report issued on April 30, Brian Bedell from Deutsche Bank reiterated a Hold rating on Federated Hermes (FHI), with a price target of $29.00. The company’s shares closed last Friday at $28.80.
According to TipRanks.com, Bedell is a 4-star analyst with an average return of 9.5% and a 57.0% success rate. Bedell covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Apollo Global Management, and WisdomTree Investments.
Federated Hermes has an analyst consensus of Hold, with a price target consensus of $29.50, representing a 0.9% upside. In a report issued on April 23, RBC Capital also maintained a Hold rating on the stock with a $30.00 price target.
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Federated Hermes’ market cap is currently $2.85B and has a P/E ratio of 9.30. The company has a Price to Book ratio of -20.37.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FHI in relation to earlier this year.
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Federated Hermes, Inc. engages in the provision of investment management products and related financial services. It sponsors, markets and provides investment-related services to sponsored investment companies, Federated Funds, and Separate Accounts which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products in both domestic and international markets. The company was founded by John F. Donahue and Richard B. Fisher in October 1955 and is headquartered in Pittsburgh, PA.