Evercore ISI Reaffirms Their Buy Rating on Federated Hermes (FHI)

Evercore ISI analyst John Dunn maintained a Buy rating on Federated Hermes yesterday and set a price target of $55.00. The company’s shares closed yesterday at $49.85.

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Dunn covers the Financial sector, focusing on stocks such as Cohen & Steers, Artisan Partners, and Janus Henderson Group. According to TipRanks, Dunn has an average return of 11.8% and a 58.00% success rate on recommended stocks.

Currently, the analyst consensus on Federated Hermes is a Hold with an average price target of $53.75.

Based on Federated Hermes’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $469.45 million and a net profit of $104.13 million. In comparison, last year the company earned a revenue of $408.46 million and had a net profit of $87.54 million

Based on the recent corporate insider activity of 47 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. Earlier this month, Saker Anwar Nusseibeh, the CEO, Federated Hermes Limited of FHI sold 15,000.00 shares for a total of $728,057.25.