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

Federated Hermes, Inc. (NYSE:FHI) has been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $51.20.

Several equities research analysts have issued reports on FHI shares. Zacks Research downgraded shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Wall Street Zen upgraded shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on Federated Hermes from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Finally, TD Cowen restated a “hold” rating on shares of Federated Hermes in a research note on Wednesday, January 14th.

Federated Hermes Price Performance

FHI stock opened at $54.65 on Friday. The stock has a 50-day moving average price of $51.79 and a two-hundred day moving average price of $51.16. The company has a market cap of $4.24 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 0.56 and a beta of 0.75. The company has a current ratio of 3.13, a quick ratio of 2.58 and a debt-to-equity ratio of 0.29. Federated Hermes has a 12-month low of $35.05 and a 12-month high of $55.13.

Federated Hermes (NYSE:FHI) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.23. The business had revenue of $469.45 million for the quarter, compared to analyst estimates of $442.67 million. Federated Hermes had a return on equity of 33.03% and a net margin of 21.86%.The company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 EPS. As a group, research analysts predict that Federated Hermes will post 4.04 EPS for the current year.

Federated Hermes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, November 7th. Federated Hermes’s dividend payout ratio (DPR) is presently 28.39%.

Insiders Place Their Bets

In other news, VP Dolores D. Dudiak sold 999 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $47.87, for a total value of $47,822.13. Following the completion of the transaction, the vice president directly owned 88,223 shares in the company, valued at approximately $4,223,235.01. This represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Saker Anwar Nusseibeh sold 15,000 shares of Federated Hermes stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $48.54, for a total transaction of $728,100.00. Following the sale, the chief executive officer directly owned 157,039 shares in the company, valued at $7,622,673.06. This trade represents a 8.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 21,709 shares of company stock worth $1,049,146 in the last 90 days. 3.80% of the stock is owned by company insiders.

Institutional Trading of Federated Hermes

Several large investors have recently modified their holdings of the business. AQR Capital Management LLC lifted its stake in shares of Federated Hermes by 20.1% in the second quarter. AQR Capital Management LLC now owns 2,978,885 shares of the company’s stock worth $132,024,000 after acquiring an additional 498,202 shares in the last quarter. Invesco Ltd. increased its holdings in Federated Hermes by 29.6% during the 3rd quarter. Invesco Ltd. now owns 2,939,908 shares of the company’s stock worth $152,669,000 after purchasing an additional 670,643 shares during the last quarter. Schneider Downs Wealth Management Advisors LP raised its position in shares of Federated Hermes by 3,229.0% in the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 2,657,263 shares of the company’s stock valued at $137,992,000 after purchasing an additional 2,577,442 shares in the last quarter. LSV Asset Management raised its position in shares of Federated Hermes by 22.1% in the 3rd quarter. LSV Asset Management now owns 2,401,001 shares of the company’s stock valued at $124,684,000 after purchasing an additional 434,859 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Federated Hermes by 19.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,008,221 shares of the company’s stock valued at $52,357,000 after buying an additional 167,225 shares during 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 global investment manager that provides a range of asset management solutions to institutional and individual investors. The company offers active strategies across equity, fixed income, multi-asset, liquidity, and alternative investments. Through its suite of mutual funds, separate accounts and collective investment vehicles, Federated Hermes seeks to deliver performance-driven outcomes aligned with client objectives and risk tolerances.

In addition to traditional investment management, Federated Hermes has developed specialized capabilities in sustainability and responsible investing, integrating environmental, social and governance (ESG) research into its investment process.