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

Shares of Federated Hermes, Inc. (NYSE:FHIGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $38.29.

FHI has been the subject of several recent analyst reports. UBS Group increased their price objective on shares of Federated Hermes from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, April 12th. JPMorgan Chase & Co. increased their price objective on shares of Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Finally, Evercore ISI decreased their price objective on shares of Federated Hermes from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st.

Read Our Latest Report on Federated Hermes

Federated Hermes Price Performance

NYSE FHI opened at $33.17 on Friday. Federated Hermes has a 52 week low of $30.23 and a 52 week high of $38.93. The company has a current ratio of 3.39, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 1.10 and a beta of 1.14. The company has a 50-day moving average price of $34.19 and a two-hundred day moving average price of $34.20.

Federated Hermes (NYSE:FHIGet Free Report) last posted its earnings results on Thursday, April 25th. The company reported $0.89 EPS for the quarter, hitting the consensus estimate of $0.89. Federated Hermes had a net margin of 18.75% and a return on equity of 27.00%. The firm had revenue of $396.37 million during the quarter, compared to analysts’ expectations of $400.26 million. During the same quarter in the prior year, the firm earned $0.78 EPS. Federated Hermes’s quarterly revenue was up 3.7% on a year-over-year basis. Analysts forecast that Federated Hermes will post 3.6 EPS for the current year.

Federated Hermes Increases Dividend

The firm also recently announced a None dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th were paid a dividend of $1.31 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This is a positive change from Federated Hermes’s previous None dividend of $1.27. This represents a yield of 3.8%. Federated Hermes’s dividend payout ratio is currently 35.23%.

Insider Activity at Federated Hermes

In related news, VP Paul A. Uhlman sold 975 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $33.00, for a total transaction of $32,175.00. Following the completion of the sale, the vice president now directly owns 299,572 shares of the company’s stock, valued at $9,885,876. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Paul A. Uhlman sold 975 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $32,175.00. Following the completion of the sale, the vice president now owns 299,572 shares in the company, valued at approximately $9,885,876. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard A. Novak sold 908 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $36.07, for a total transaction of $32,751.56. Following the completion of the sale, the insider now owns 49,068 shares of the company’s stock, valued at approximately $1,769,882.76. The disclosure for this sale can be found here. Insiders sold a total of 24,397 shares of company stock valued at $878,272 over the last ninety days. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

Hedge funds have recently made changes to their positions in the company. Quest Partners LLC purchased a new stake in shares of Federated Hermes in the 4th quarter valued at approximately $1,483,000. Wellington Management Group LLP increased its stake in Federated Hermes by 87.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,139,694 shares of the company’s stock valued at $38,601,000 after buying an additional 533,083 shares during the period. Knights of Columbus Asset Advisors LLC increased its stake in Federated Hermes by 32.2% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 122,796 shares of the company’s stock valued at $4,158,000 after buying an additional 29,930 shares during the period. Trexquant Investment LP increased its stake in Federated Hermes by 171.3% in the 4th quarter. Trexquant Investment LP now owns 169,696 shares of the company’s stock valued at $5,746,000 after buying an additional 107,146 shares during the period. Finally, Graham Capital Management L.P. increased its stake in Federated Hermes by 54.4% in the 3rd quarter. Graham Capital Management L.P. now owns 99,425 shares of the company’s stock valued at $3,368,000 after buying an additional 35,032 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Federated Hermes Company Profile

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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.

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Analyst Recommendations for Federated Hermes (NYSE:FHI)

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