Federated Hermes, Inc. (NYSE:FHI) Receives Average Rating of “Hold” from Analysts

Federated Hermes, Inc. (NYSE:FHI) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $42.17.

Several equities analysts have weighed in on the company. TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $46.00 in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $43.00 target price (down from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. Royal Bank of Canada raised their target price on Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. JPMorgan Chase & Co. restated a “neutral” rating and set a $42.00 target price (down from $49.00) on shares of Federated Hermes in a report on Tuesday, January 7th. Finally, StockNews.com lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th.

Federated Hermes Stock Performance

Shares of Federated Hermes stock opened at $38.14 on Monday. The stock has a market cap of $3.12 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 0.99 and a beta of 1.16. The business has a fifty day simple moving average of $41.37 and a 200-day simple moving average of $37.51. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32. Federated Hermes has a 12 month low of $31.24 and a 12 month high of $43.92.

Federated Hermes (NYSE:FHI) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. The firm had revenue of $408.46 million during the quarter, compared to analysts’ expectations of $410.26 million. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 earnings per share. On average, sell-side analysts anticipate that Federated Hermes will post 3.88 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Friday, November 8th. Federated Hermes’s dividend payout ratio (DPR) is presently 39.87%.

Insider Buying and Selling

In related news, VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total transaction of $199,450.00. Following the sale, the vice president now directly owns 77,288 shares of the company’s stock, valued at $3,083,018.32. This trade represents a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard A. Novak sold 1,363 shares of Federated Hermes stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total value of $56,523.61. Following the sale, the insider now directly owns 53,837 shares in the company, valued at $2,232,620.39. The trade was a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,280 shares of company stock valued at $1,185,871 over the last three months. 3.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Federated Hermes

Institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its holdings in Federated Hermes by 102.7% during the second quarter. Bank of Montreal Can now owns 282,995 shares of the company’s stock valued at $9,308,000 after purchasing an additional 143,363 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Federated Hermes by 49.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after purchasing an additional 349 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Federated Hermes by 24.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock valued at $28,282,000 after purchasing an additional 152,926 shares in the last quarter. Fortis Advisors LLC acquired a new stake in Federated Hermes during the fourth quarter valued at approximately $727,000. Finally, Barclays PLC boosted its holdings in shares of Federated Hermes by 228.6% in the 3rd quarter. Barclays PLC now owns 215,650 shares of the company’s stock worth $7,930,000 after acquiring an additional 150,017 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Federated Hermes Company Profile

Federated Hermes, Inc is a publicly owned investment manager. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.