Federated Hermes (FHI) Receives a Hold from RBC Capital
RBC Capital analyst Kenneth Lee maintained a Hold rating on Federated Hermes on January 21 and set a price target of $54.00. The company’s shares closed yesterday at $54.31.
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According to TipRanks, Lee is a 5-star analyst with an average return of 11.2% and a 66.27% success rate. Lee covers the Financial sector, focusing on stocks such as Ameriprise Financial, Invesco, and Federated Hermes.
Currently, the analyst consensus on Federated Hermes is a Hold with an average price target of $54.75, implying a 0.81% upside from current levels. In a report released on January 14, TD Cowen also maintained a Hold rating on the stock with a $54.00 price target.
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. Last month, Dolores D Dudiak, the VP of FHI sold 5,000.00 shares for a total of $261,150.00.
