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

Federated Hermes, Inc. (NYSE:FHI) has earned an average rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $38.00.

A number of equities research analysts recently weighed in on the stock. TD Cowen assumed coverage on shares of Federated Hermes in a research report on Thursday, January 4th. They set a “market perform” rating and a $32.00 price objective for the company. UBS Group boosted their price objective on shares of Federated Hermes from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. upped their target price on shares of Federated Hermes from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. Finally, Royal Bank of Canada upped their target price on shares of Federated Hermes from $36.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Monday, January 29th.

Insider Transactions at Federated Hermes

In other news, VP Meter Stephen Van sold 1,660 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $36.15, for a total value of $60,009.00. Following the completion of the sale, the vice president now directly owns 31,689 shares of the company’s stock, valued at approximately $1,145,557.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, VP Meter Stephen Van sold 1,660 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $36.15, for a total value of $60,009.00. Following the completion of the sale, the vice president now directly owns 31,689 shares of the company’s stock, valued at approximately $1,145,557.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Paul A. Uhlman sold 90,745 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $35.26, for a total transaction of $3,199,668.70. Following the completion of the sale, the vice president now directly owns 289,904 shares of the company’s stock, valued at $10,222,015.04. The disclosure for this sale can be found here. In the last three months, insiders sold 115,435 shares of company stock valued at $4,092,831. Company insiders own 3.70% of the company’s stock.

Institutional Trading of Federated Hermes

Several institutional investors and hedge funds have recently added to or reduced their stakes in FHI. Alyeska Investment Group L.P. acquired a new stake in Federated Hermes during the first quarter valued at approximately $28,723,000. Invesco Ltd. lifted its stake in Federated Hermes by 61.0% during the first quarter. Invesco Ltd. now owns 1,822,046 shares of the company’s stock valued at $62,060,000 after purchasing an additional 690,423 shares during the last quarter. Wellington Management Group LLP lifted its stake in Federated Hermes by 59.1% during the fourth quarter. Wellington Management Group LLP now owns 1,813,190 shares of the company’s stock valued at $61,395,000 after purchasing an additional 673,496 shares during the last quarter. FMR LLC lifted its stake in Federated Hermes by 12.6% during the third quarter. FMR LLC now owns 5,033,058 shares of the company’s stock valued at $170,470,000 after purchasing an additional 562,232 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Federated Hermes by 183.5% during the third quarter. AQR Capital Management LLC now owns 801,443 shares of the company’s stock valued at $27,145,000 after purchasing an additional 518,715 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Federated Hermes Price Performance

Shares of NYSE:FHI opened at $35.73 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.51 and a debt-to-equity ratio of 0.31. Federated Hermes has a fifty-two week low of $30.23 and a fifty-two week high of $45.55. The firm has a 50-day simple moving average of $35.70 and a 200 day simple moving average of $34.02. The company has a market cap of $3.02 billion, a PE ratio of 10.48, a P/E/G ratio of 0.87 and a beta of 1.12.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings data on Friday, January 26th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.12. Federated Hermes had a net margin of 18.58% and a return on equity of 26.76%. The business had revenue of $391.50 million during the quarter, compared to the consensus estimate of $396.97 million. During the same quarter in the prior year, the firm earned $0.90 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Federated Hermes will post 3.7 EPS for the current year.

Federated Hermes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Wednesday, February 7th. Federated Hermes’s dividend payout ratio is currently 32.84%.

About Federated Hermes

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.