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

Federated Hermes, Inc. (NYSE:FHI) has received an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $55.75.

FHI has been the subject of a number of research reports. Royal Bank Of Canada increased their price objective on Federated Hermes from $54.00 to $57.00 and gave the stock a “sector perform” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. cut their target price on Federated Hermes from $56.00 to $53.00 and set an “underweight” rating on the stock in a research note on Monday, May 4th. Evercore reaffirmed an “outperform” rating and set a $59.00 price target on shares of Federated Hermes in a research report on Monday, June 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a research note on Friday, July 17th. Finally, TD Cowen decreased their price target on shares of Federated Hermes from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Monday, May 4th.

Federated Hermes Stock Performance

Shares of FHI opened at $57.21 on Friday. The firm has a market cap of $4.34 billion, a P/E ratio of 11.09, a PEG ratio of 1.56 and a beta of 0.65. Federated Hermes has a twelve month low of $46.66 and a twelve month high of $60.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.73 and a current ratio of 3.28. The firm’s 50 day moving average price is $57.10 and its two-hundred day moving average price is $56.00.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.07. Federated Hermes had a net margin of 21.47% and a return on equity of 33.90%. The company had revenue of $478.96 million during the quarter, compared to the consensus estimate of $475.22 million. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The firm’s revenue was up 13.1% compared to the same quarter last year. On average, analysts forecast that Federated Hermes will post 5.24 EPS for the current fiscal year.

Federated Hermes Increases Dividend

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

Insiders Place Their Bets

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 8,950 shares of Federated Hermes stock in a transaction on Monday, June 8th. The shares were sold at an average price of $57.34, for a total value of $513,193.00. Following the sale, the chief executive officer directly owned 151,276 shares in the company, valued at approximately $8,674,165.84. The trade was a 5.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bryan M. Burke sold 4,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $54.20, for a total transaction of $216,800.00. Following the sale, the vice president directly owned 74,921 shares in the company, valued at $4,060,718.20. This trade represents a 5.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Federated Hermes

Hedge funds have recently added to or reduced their stakes in the business. Torren Management LLC acquired a new position in shares of Federated Hermes in the fourth quarter valued at $25,000. Root Financial Partners LLC lifted its stake 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 worth $32,000 after buying an additional 237 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Federated Hermes by 119.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 736 shares of the company’s stock worth $38,000 after buying an additional 401 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Federated Hermes by 145.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 848 shares of the company’s stock worth $44,000 after buying an additional 503 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its stake in Federated Hermes by 220.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 863 shares of the company’s stock valued at $45,000 after buying an additional 594 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Company Profile

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.