Federated Hermes, Inc. (NYSE:FHI) Given Average Recommendation of “Hold” by Analysts

Shares of Federated Hermes, Inc. (NYSE:FHI) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $55.00.

FHI has been the topic of several recent analyst reports. Zacks Research downgraded shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. JPMorgan Chase & Co. lifted their price objective on Federated Hermes from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Royal Bank Of Canada reissued a “sector perform” rating and set a $55.00 price objective (up previously from $54.00) on shares of Federated Hermes in a research report on Tuesday, February 3rd. Wall Street Zen lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Finally, TD Cowen reiterated a “hold” rating on shares of Federated Hermes in a report on Wednesday, January 14th.

Institutional Trading of Federated Hermes

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in shares of Federated Hermes during the fourth quarter valued at about $212,000. Mercer Global Advisors Inc. ADV grew its position in Federated Hermes by 18.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,970 shares of the company’s stock worth $467,000 after buying an additional 1,367 shares in the last quarter. Vident Advisory LLC increased its stake in Federated Hermes by 1.9% during the fourth quarter. Vident Advisory LLC now owns 76,062 shares of the company’s stock valued at $3,961,000 after acquiring an additional 1,395 shares during the period. State of Tennessee Department of Treasury raised its holdings in Federated Hermes by 7.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 42,683 shares of the company’s stock valued at $2,274,000 after acquiring an additional 2,995 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of Federated Hermes in the 4th quarter worth approximately $328,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Stock Down 2.3%

Shares of FHI stock opened at $54.59 on Tuesday. The stock’s 50 day simple moving average is $53.51 and its 200 day simple moving average is $52.09. Federated Hermes has a twelve month low of $35.05 and a twelve month high of $56.68. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.58 and a current ratio of 2.75. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 0.54 and a beta of 0.74.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings results on Thursday, January 29th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. Federated Hermes had a return on equity of 34.25% and a net margin of 22.40%.The company had revenue of $482.83 million for the quarter, compared to the consensus estimate of $468.45 million. During the same quarter last year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, research analysts predict that Federated Hermes will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, February 6th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, February 6th. Federated Hermes’s dividend payout ratio is presently 26.46%.

About Federated Hermes

Federated Hermes, Inc is a global investment manager that provides a range of asset management solutions to institutional and individual investors. The company offers active strategies across equity, fixed income, multi-asset, liquidity, and alternative investments. Through its suite of mutual funds, separate accounts and collective investment vehicles, Federated Hermes seeks to deliver performance-driven outcomes aligned with client objectives and risk tolerances.

In addition to traditional investment management, Federated Hermes has developed specialized capabilities in sustainability and responsible investing, integrating environmental, social and governance (ESG) research into its investment process.