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

Shares of Federated Hermes, Inc. (NYSE:FHI) have been given an average recommendation of “Hold” by the seven research firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $55.00.

A number of analysts have recently commented on the company. Wall Street Zen cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Zacks Research downgraded shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. JPMorgan Chase & Co. lifted their price target on shares of Federated Hermes from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Royal Bank Of Canada restated a “sector perform” rating and issued a $55.00 price objective (up previously from $54.00) on shares of Federated Hermes in a research report on Tuesday, February 3rd. Finally, TD Cowen reaffirmed a “hold” rating on shares of Federated Hermes in a research note on Wednesday, January 14th.

Insiders Place Their Bets

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 4,461 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $47.85, for a total value of $213,458.85. Following the sale, the chief executive officer owned 161,578 shares in the company, valued at approximately $7,731,507.30. The trade was a 2.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Dolores D. Dudiak sold 999 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $47.87, for a total transaction of $47,822.13. Following the transaction, the vice president owned 88,223 shares of the company’s stock, valued at $4,223,235.01. The trade was a 1.12% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 6,709 shares of company stock worth $321,046. Company insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Federated Hermes

Large investors have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its position in Federated Hermes by 236.0% during the first quarter. Jones Financial Companies Lllp now owns 8,890 shares of the company’s stock worth $362,000 after acquiring an additional 6,244 shares during the last quarter. United Services Automobile Association bought a new stake in Federated Hermes in the 1st quarter valued at $220,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Federated Hermes by 11.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 239,613 shares of the company’s stock valued at $9,769,000 after buying an additional 24,960 shares in the last quarter. CWM LLC grew its holdings in Federated Hermes by 32.1% in the 2nd quarter. CWM LLC now owns 4,650 shares of the company’s stock valued at $206,000 after buying an additional 1,129 shares in the last quarter. Finally, Atria Wealth Solutions Inc. bought a new position in Federated Hermes during the 2nd quarter worth $205,000. 75.94% of the stock is owned by institutional investors.

Federated Hermes Stock Up 2.1%

Shares of NYSE:FHI opened at $55.43 on Tuesday. Federated Hermes has a one year low of $35.05 and a one year high of $55.53. The company has a 50 day moving average of $53.16 and a 200-day moving average of $51.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.58. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 0.54 and a beta of 0.74.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, January 29th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The business had revenue of $482.83 million for the quarter, compared to analyst estimates of $468.45 million. Federated Hermes had a return on equity of 34.25% and a net margin of 22.40%.The firm’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the company earned $1.04 EPS. On average, sell-side analysts forecast that Federated Hermes will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, February 6th were given a $0.34 dividend. The ex-dividend date was Friday, February 6th. This represents a $1.36 annualized dividend and a dividend yield of 2.5%. Federated Hermes’s payout ratio is currently 26.46%.

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.