Federated Hermes, Inc. (NYSE:FHI) Receives $55.00 Consensus Price Target from Brokerages

Federated Hermes, Inc. (NYSE:FHI) has been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $55.00.

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a research note on Thursday, January 22nd. TD Cowen restated a “hold” rating on shares of Federated Hermes in a research note on Wednesday, January 14th. Wall Street Zen lowered Federated Hermes from a “buy” rating to a “hold” rating in a report on Saturday. Argus raised Federated Hermes to a “hold” rating in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $55.00 price target (up from $54.00) on shares of Federated Hermes in a report on Tuesday, February 3rd.

Federated Hermes Price Performance

FHI opened at $56.58 on Friday. Federated Hermes has a 1 year low of $35.05 and a 1 year high of $57.80. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.30. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 1.99 and a beta of 0.73. The firm’s fifty day moving average price is $54.46 and its two-hundred day moving average price is $52.44.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, January 29th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. Federated Hermes had a net margin of 22.40% and a return on equity of 34.25%. The company had revenue of $482.83 million during the quarter, compared to the consensus estimate of $468.45 million. During the same quarter in the prior year, the company posted $1.04 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, analysts anticipate that Federated Hermes will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, February 6th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, February 6th. Federated Hermes’s payout ratio is presently 26.46%.

Hedge Funds Weigh In On Federated Hermes

Institutional investors have recently added to or reduced their stakes in the stock. Torren Management LLC purchased a new stake in Federated Hermes during the fourth quarter worth about $25,000. MAI Capital Management boosted its stake in Federated Hermes by 86.7% in the third quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $25,000 after acquiring an additional 221 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Federated Hermes by 119.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 736 shares of the company’s stock valued at $38,000 after acquiring an additional 401 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Federated Hermes by 145.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 848 shares of the company’s stock valued at $44,000 after acquiring an additional 503 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Federated Hermes by 220.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 863 shares of the company’s stock valued at $45,000 after acquiring an additional 594 shares during the period. Institutional investors own 75.94% of the company’s stock.

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.