Analysts Set Federated Hermes, Inc. (NYSE:FHI) Target Price at $54.00

Shares of Federated Hermes, Inc. (NYSE:FHI) have received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $54.00.

A number of research firms recently weighed in on FHI. Royal Bank Of Canada decreased their price target on Federated Hermes from $56.00 to $54.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Wall Street Zen lowered Federated Hermes from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a research report on Tuesday, April 21st. JPMorgan Chase & Co. decreased their price target on Federated Hermes from $56.00 to $53.00 and set an “underweight” rating for the company in a research report on Monday, May 4th. Finally, TD Cowen decreased their price target on Federated Hermes from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Monday, May 4th.

Federated Hermes Trading Down 0.4%

NYSE:FHI opened at $55.90 on Thursday. The company has a quick ratio of 2.73, a current ratio of 3.28 and a debt-to-equity ratio of 0.29. Federated Hermes has a 1-year low of $41.71 and a 1-year high of $59.05. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 2.01 and a beta of 0.65. The stock has a fifty day simple moving average of $56.22 and a 200 day simple moving average of $54.31.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.07. Federated Hermes had a return on equity of 33.90% and a net margin of 21.47%.The business had revenue of $478.96 million during the quarter, compared to analyst estimates of $475.22 million. During the same quarter last year, the company posted $1.25 EPS. Federated Hermes’s revenue for the quarter was up 13.1% on a year-over-year basis. Sell-side analysts forecast that Federated Hermes will post 5.1 earnings per share for the current year.

Federated Hermes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were given a $0.38 dividend. This is a positive change from Federated Hermes’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, May 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.7%. Federated Hermes’s dividend payout ratio is 29.46%.

Insiders Place Their Bets

In related news, VP Bryan M. Burke sold 4,000 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $54.20, for a total value of $216,800.00. Following the completion of the transaction, the vice president owned 74,921 shares in the company, valued at $4,060,718.20. This trade represents a 5.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Paul A. Uhlman sold 72,392 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $56.23, for a total value of $4,070,602.16. Following the sale, the vice president owned 263,987 shares of the company’s stock, valued at $14,843,989.01. The trade was a 21.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

A number of institutional investors have recently bought and sold shares of FHI. Rockefeller Capital Management L.P. lifted its holdings in shares of Federated Hermes by 24.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock valued at $52,000 after buying an additional 194 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Federated Hermes by 8.3% during the 4th quarter. GAMMA Investing LLC now owns 2,734 shares of the company’s stock valued at $142,000 after buying an additional 210 shares during the last quarter. MAI Capital Management lifted its holdings in shares of Federated Hermes by 86.7% during the 3rd quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $25,000 after buying an additional 221 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of Federated Hermes by 71.0% during the 1st quarter. Root Financial Partners LLC now owns 571 shares of the company’s stock valued at $32,000 after buying an additional 237 shares during the last quarter. Finally, RiverFront Investment Group LLC lifted its holdings in shares of Federated Hermes by 4.7% during the 4th quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock valued at $299,000 after buying an additional 256 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.