Federated Hermes, Inc. (NYSE:FHI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Federated Hermes, Inc. (NYSE:FHI) has received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $57.40.

Several brokerages recently issued reports on FHI. Evercore reaffirmed an “outperform” rating and set a $65.00 target price on shares of Federated Hermes in a research report on Monday, August 10th. Weiss Ratings upgraded Federated Hermes from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $58.00 price objective on shares of Federated Hermes in a report on Monday, August 3rd. Wall Street Zen lowered shares of Federated Hermes from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, Royal Bank Of Canada increased their target price on shares of Federated Hermes from $54.00 to $57.00 and gave the company a “sector perform” rating in a report on Thursday, July 2nd.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $62.49 on Friday. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.65 and a beta of 0.65. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.89 and a current ratio of 2.59. Federated Hermes has a fifty-two week low of $46.66 and a fifty-two week high of $67.20. The firm’s 50-day simple moving average is $60.90 and its 200 day simple moving average is $58.05.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.19. The firm had revenue of $502.78 million during the quarter, compared to analyst estimates of $488.34 million. Federated Hermes had a return on equity of 34.03% and a net margin of 21.30%.The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 EPS. As a group, research analysts anticipate that Federated Hermes will post 5.5 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were paid a $0.38 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.52 annualized dividend and a yield of 2.4%. Federated Hermes’s dividend payout ratio (DPR) is 28.25%.

Insider Activity at Federated Hermes

In other Federated Hermes news, CEO Saker Nusseibeh sold 8,950 shares of Federated Hermes stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $57.34, for a total transaction of $513,193.00. Following the transaction, the chief executive officer owned 151,276 shares of the company’s stock, valued at $8,674,165.84. This trade represents a 5.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Federated Hermes

A number of hedge funds have recently bought and sold shares of FHI. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in Federated Hermes in the second quarter worth $1,427,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Federated Hermes during the 2nd quarter valued at $2,833,000. California State Teachers Retirement System increased its position in shares of Federated Hermes by 4,983.5% during the 2nd quarter. California State Teachers Retirement System now owns 4,520,641 shares of the company’s stock valued at $249,630,000 after purchasing an additional 4,431,714 shares during the last quarter. Compass Financial Management LLC bought a new stake in shares of Federated Hermes during the 2nd quarter worth $196,000. Finally, AlphaGrep UK Ltd bought a new stake in shares of Federated Hermes during the 2nd quarter worth $363,000. 75.94% of the stock is currently owned by institutional investors.

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.