Federated Hermes, Inc. (NYSE:FHI) Receives Consensus 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 firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $42.33.

Several equities research analysts recently weighed in on FHI shares. Royal Bank of Canada boosted their target price on Federated Hermes from $37.00 to $43.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 7th. TD Cowen lowered Federated Hermes from a “buy” rating to a “hold” rating in a report on Wednesday. Evercore ISI upped their price target on Federated Hermes from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. UBS Group upped their price target on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $41.00 price target (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th.

Federated Hermes Stock Up 0.8%

FHI opened at $43.32 on Friday. The business has a 50 day moving average price of $39.66 and a 200 day moving average price of $40.03. Federated Hermes has a twelve month low of $31.24 and a twelve month high of $43.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The firm has a market cap of $3.43 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 1.00 and a beta of 0.77.

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

Federated Hermes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, May 8th. This is a positive change from Federated Hermes’s previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.14%. Federated Hermes’s payout ratio is 38.31%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FHI. Farther Finance Advisors LLC raised its stake in shares of Federated Hermes by 246.6% in the first quarter. Farther Finance Advisors LLC now owns 863 shares of the company’s stock valued at $35,000 after purchasing an additional 614 shares in the last quarter. Quarry LP acquired a new position in shares of Federated Hermes in the fourth quarter valued at $37,000. R Squared Ltd acquired a new position in shares of Federated Hermes in the fourth quarter valued at $43,000. Sound Income Strategies LLC acquired a new position in shares of Federated Hermes in the fourth quarter valued at $53,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Federated Hermes by 22.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,551 shares of the company’s stock valued at $63,000 after purchasing an additional 287 shares in the last quarter. 75.94% of the stock is currently 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.