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

Shares of Federated Hermes, Inc. (NYSE:FHI) have earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $42.00.

Several research firms have commented on FHI. Evercore ISI raised their target price on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group raised their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $41.00 price target (down from $42.00) on shares of Federated Hermes in a research note on Wednesday. Royal Bank of Canada lowered their price target on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 28th. Finally, TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $46.00 in a report on Monday, October 28th.

Federated Hermes Stock Performance

Shares of FHI stock opened at $39.42 on Friday. Federated Hermes has a 12-month low of $31.24 and a 12-month high of $43.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 1.47 and a beta of 1.16. The business has a 50 day simple moving average of $40.50 and a 200 day simple moving average of $38.07.

Federated Hermes (NYSE:FHI) last released its quarterly 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 return on equity of 30.31% and a net margin of 16.44%. On average, equities research analysts anticipate that Federated Hermes will post 4.14 EPS for the current year.

Federated Hermes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.15%. Federated Hermes’s dividend payout ratio (DPR) is presently 38.87%.

Insider Transactions at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 4,454 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.38, for a total value of $184,306.52. Following the completion of the sale, the chief executive officer now directly owns 184,642 shares of the company’s stock, valued at $7,640,485.96. This represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paul A. Uhlman sold 6,311 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.39, for a total transaction of $261,212.29. Following the transaction, the vice president now directly owns 310,767 shares in the company, valued at $12,862,646.13. The trade was a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,128 shares of company stock valued at $502,042 over the last quarter. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

Institutional investors have recently modified their holdings of the stock. Inceptionr LLC increased its stake in shares of Federated Hermes by 204.8% in the fourth quarter. Inceptionr LLC now owns 22,026 shares of the company’s stock worth $905,000 after acquiring an additional 14,800 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Federated Hermes during the 4th quarter worth about $3,367,000. Vision Financial Markets LLC acquired a new stake in shares of Federated Hermes during the 4th quarter valued at about $198,000. Charles Schwab Investment Management Inc. increased its holdings in Federated Hermes by 19.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company’s stock worth $37,618,000 after buying an additional 145,878 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Federated Hermes by 112.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company’s stock valued at $109,000 after acquiring an additional 1,400 shares in 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 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.