Federated Hermes, Inc. (FHI) To Go Ex-Dividend on February 7th

Federated Hermes, Inc. (NYSE:FHI) declared a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Investors of record on Friday, February 7th will be paid a dividend of 0.31 per share on Friday, February 14th. This represents a $1.24 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Friday, February 7th.

Federated Hermes has raised its dividend by an average of 3.9% annually over the last three years. Federated Hermes has a payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Federated Hermes to earn $4.13 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 30.0%.

Federated Hermes Stock Up 0.1 %

Shares of NYSE:FHI opened at $39.77 on Friday. Federated Hermes has a 52-week low of $31.24 and a 52-week high of $43.92. The firm has a fifty day moving average of $40.70 and a 200 day moving average of $37.94. The firm has a market capitalization of $3.25 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 1.46 and a beta of 1.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.08. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. As a group, research analysts anticipate that Federated Hermes will post 3.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FHI has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $43.00 price target (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Royal Bank of Canada cut their price target on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a research report on Tuesday. TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and upped their price target for the company from $35.00 to $46.00 in a research report on Monday, October 28th. Evercore ISI upped their price target on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $42.17.

Insider Activity

In related news, VP Paul A. Uhlman sold 6,311 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.39, for a total value of $261,212.29. Following the completion of the transaction, the vice president now directly owns 310,767 shares of the company’s stock, valued at $12,862,646.13. This represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $39.86, for a total transaction of $484,378.72. Following the completion of the transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $7,138,766.56. The trade was a 6.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,280 shares of company stock valued at $986,421. Insiders own 3.70% of the company’s stock.

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.