Federated Hermes, Inc. (NYSE:FHI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Federated Hermes, Inc. (NYSE:FHI) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $48.3333.

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. increased their price target on shares of Federated Hermes from $54.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Evercore ISI increased their price target on shares of Federated Hermes from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Finally, Zacks Research raised shares of Federated Hermes from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th.

Institutional Investors Weigh In On Federated Hermes

Several large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its holdings 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 purchasing an additional 614 shares in the last quarter. AdvisorNet Financial Inc acquired a new stake in Federated Hermes during the 2nd quarter valued at $44,000. Elevation Point Wealth Partners LLC acquired a new stake in Federated Hermes during the 2nd quarter valued at $46,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Federated Hermes during the 2nd quarter valued at $56,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Federated Hermes by 22.7% during the 1st 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. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Stock Down 0.3%

FHI opened at $51.62 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.37 and a quick ratio of 2.32. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 0.59 and a beta of 0.80. The business has a 50-day moving average of $52.59 and a two-hundred day moving average of $46.59. Federated Hermes has a 12 month low of $35.05 and a 12 month high of $54.42.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.99 by $0.17. The company had revenue of $424.84 million during the quarter, compared to analysts’ expectations of $424.83 million. Federated Hermes had a return on equity of 32.30% and a net margin of 21.67%.The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. On average, research analysts expect that Federated Hermes will post 4.04 earnings per share for the current year.

Federated Hermes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.36 dividend on an annualized basis and a yield of 2.6%. Federated Hermes’s dividend payout ratio (DPR) is currently 30.16%.

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.