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

Shares of Federated Hermes, Inc. (NYSE:FHI) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $49.6667.

FHI has been the subject of several analyst reports. Cowen reiterated a “hold” rating on shares of Federated Hermes in a research note on Tuesday, November 4th. TD Cowen lifted their price target on Federated Hermes from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. increased their price objective on shares of Federated Hermes from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Wall Street Zen cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 28th. Finally, Zacks Research upgraded shares of Federated Hermes from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th.

Federated Hermes Stock Performance

Shares of FHI opened at $50.60 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.58 and a current ratio of 3.13. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.53 and a beta of 0.76. The company’s 50 day simple moving average is $50.22 and its 200 day simple moving average is $48.73. Federated Hermes has a 1 year low of $35.05 and a 1 year high of $54.42.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, October 30th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.11 by $0.23. Federated Hermes had a net margin of 21.86% and a return on equity of 33.03%. The firm had revenue of $469.45 million during the quarter, compared to analysts’ expectations of $442.67 million. During the same period in the previous year, the company earned $1.06 EPS. Federated Hermes’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, sell-side analysts predict that Federated Hermes will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, November 7th. Federated Hermes’s dividend payout ratio is presently 28.39%.

Insider Activity at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $48.54, for a total transaction of $728,100.00. Following the completion of the sale, the chief executive officer directly owned 157,039 shares in the company, valued at $7,622,673.06. The trade was a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard A. Novak sold 1,249 shares of Federated Hermes stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $47.85, for a total transaction of $59,764.65. Following the transaction, the insider owned 57,500 shares in the company, valued at $2,751,375. The trade was a 2.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 21,709 shares of company stock worth $1,049,146. 3.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Federated Hermes

Institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC raised its holdings in shares of Federated Hermes by 373.9% during the 1st quarter. LPL Financial LLC now owns 91,474 shares of the company’s stock valued at $3,729,000 after buying an additional 72,173 shares during the period. Mackenzie Financial Corp acquired a new stake in Federated Hermes in the first quarter valued at approximately $214,000. XTX Topco Ltd purchased a new stake in shares of Federated Hermes during the first quarter valued at approximately $238,000. Vanguard Group Inc. lifted its position in shares of Federated Hermes by 3.1% during the first quarter. Vanguard Group Inc. now owns 8,760,811 shares of the company’s stock worth $357,178,000 after purchasing an additional 265,590 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Federated Hermes by 249.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,199,554 shares of the company’s stock valued at $130,446,000 after purchasing an additional 2,284,509 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

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.