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

Federated Hermes, Inc. (NYSE:FHI) has been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the stock, Marketbeat.com reports. Three 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 objective among brokerages that have issued a report on the stock in the last year is $38.00.

Several brokerages have commented on FHI. TD Cowen assumed coverage on shares of Federated Hermes in a report on Thursday, January 4th. They issued a “market perform” rating and a $32.00 price objective for the company. Royal Bank of Canada raised their target price on Federated Hermes from $36.00 to $37.00 and gave the company a “sector perform” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. increased their price objective on Federated Hermes from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, January 18th. Finally, UBS Group upped their target price on shares of Federated Hermes from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th.

Federated Hermes Stock Performance

Shares of FHI opened at $35.08 on Friday. Federated Hermes has a 12-month low of $30.23 and a 12-month high of $45.55. The company has a market cap of $2.96 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.83 and a beta of 1.12. The company has a current ratio of 2.51, a quick ratio of 1.89 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $35.68 and a 200-day moving average price of $34.04.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Friday, January 26th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.12. The business had revenue of $391.50 million during the quarter, compared to analyst estimates of $396.97 million. Federated Hermes had a net margin of 18.58% and a return on equity of 26.76%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. As a group, equities analysts forecast that Federated Hermes will post 3.73 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 8th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Wednesday, February 7th. Federated Hermes’s dividend payout ratio is currently 32.84%.

Insider Buying and Selling

In other news, insider Richard A. Novak sold 908 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $36.07, for a total transaction of $32,751.56. Following the completion of the sale, the insider now owns 49,068 shares of the company’s stock, valued at approximately $1,769,882.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Meter Stephen Van sold 1,660 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $36.15, for a total value of $60,009.00. Following the transaction, the vice president now owns 31,689 shares of the company’s stock, valued at $1,145,557.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard A. Novak sold 908 shares of Federated Hermes stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $36.07, for a total transaction of $32,751.56. Following the completion of the sale, the insider now owns 49,068 shares in the company, valued at $1,769,882.76. The disclosure for this sale can be found here. Insiders sold 115,435 shares of company stock valued at $4,092,831 over the last 90 days. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

Large investors have recently made changes to their positions in the company. Fifth Third Bancorp lifted its position in Federated Hermes by 71.1% in the fourth quarter. Fifth Third Bancorp now owns 739 shares of the company’s stock worth $25,000 after buying an additional 307 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Federated Hermes by 69.9% in the 3rd quarter. Signaturefd LLC now owns 834 shares of the company’s stock worth $28,000 after buying an additional 343 shares during the period. Quarry LP bought a new stake in shares of Federated Hermes in the 2nd quarter valued at about $29,000. Hexagon Capital Partners LLC lifted its position in shares of Federated Hermes by 216.4% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,041 shares of the company’s stock worth $35,000 after purchasing an additional 712 shares during the period. Finally, Neo Ivy Capital Management boosted its stake in shares of Federated Hermes by 637.5% during the fourth quarter. Neo Ivy Capital Management now owns 1,416 shares of the company’s stock valued at $48,000 after purchasing an additional 1,224 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

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.