Analysts Set Federated Hermes, Inc. (NYSE:FHI) PT at $41.17

Federated Hermes, Inc. (NYSE:FHI) has received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $41.67.

Several research analysts have recently weighed in on FHI shares. StockNews.com raised shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. UBS Group upped their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Evercore ISI upped their price target on shares of Federated Hermes from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th.

Federated Hermes Trading Up 1.4 %

NYSE:FHI opened at $40.43 on Wednesday. The company has a market cap of $3.29 billion, a P/E ratio of 12.67, a P/E/G ratio of 1.00 and a beta of 0.84. The stock’s fifty day moving average price is $38.67 and its two-hundred day moving average price is $39.70. Federated Hermes has a 1 year low of $31.24 and a 1 year 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.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, April 24th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.19. The firm had revenue of $423.54 million for the quarter, compared to the consensus estimate of $425.43 million. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.89 earnings per share. As a group, analysts expect that Federated Hermes will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Thursday, May 8th. This is a boost from Federated Hermes’s previous quarterly dividend of $0.31. Federated Hermes’s dividend payout ratio is currently 38.31%.

Insider Activity at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $38.81, for a total value of $215,240.26. Following the transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at $6,950,715.76. The trade was a 3.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FHI. Farther Finance Advisors LLC boosted its position in Federated Hermes by 246.6% during the 1st quarter. Farther Finance Advisors LLC now owns 863 shares of the company’s stock valued at $35,000 after buying an additional 614 shares during the period. Quarry LP bought a new position in shares of Federated Hermes during the fourth quarter valued at about $37,000. R Squared Ltd purchased a new stake in shares of Federated Hermes during the fourth quarter worth about $43,000. Sound Income Strategies LLC bought a new stake in shares of Federated Hermes in the fourth quarter worth about $53,000. Finally, GAMMA Investing LLC increased its holdings in Federated Hermes by 60.9% during the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock valued at $70,000 after purchasing an additional 646 shares during the period. Institutional investors 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.