RBC Capital Reaffirms Their Hold Rating on Federated Hermes (FHI)

RBC Capital analyst Kenneth Lee maintained a Hold rating on Federated Hermes yesterday and set a price target of $51.00.

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According to TipRanks, Lee is a 5-star analyst with an average return of 11.5% and a 65.61% success rate. Lee covers the Financial sector, focusing on stocks such as Ares Management, Ameriprise Financial, and Federated Hermes.

Federated Hermes has an analyst consensus of Hold, with a price target consensus 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 45 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, Dolores D Dudiak, the VP of FHI sold 5,000.00 shares for a total of $261,150.00.