Brokerages Set Federated Hermes, Inc. (NYSE:FHI) PT at $55.75

Shares of Federated Hermes, Inc. (NYSE:FHI) have received a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $55.75.

FHI has been the topic of several recent analyst reports. Royal Bank Of Canada raised their target price on shares of Federated Hermes from $54.00 to $57.00 and gave the company a “sector perform” rating in a report on Thursday, July 2nd. TD Cowen cut their price target on shares of Federated Hermes from $58.00 to $54.00 and set a “hold” rating for the company in a report on Monday, May 4th. JPMorgan Chase & Co. reduced their price target on shares of Federated Hermes from $56.00 to $53.00 and set an “underweight” rating on the stock in a research report on Monday, May 4th. Evercore reissued an “outperform” rating and issued a $59.00 price objective on shares of Federated Hermes in a research note on Monday, June 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Federated Hermes in a research report on Tuesday, April 21st.

Insider Buying and Selling at Federated Hermes

In related news, VP Bryan M. Burke sold 4,000 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $54.20, for a total transaction of $216,800.00. Following the completion of the sale, the vice president directly owned 74,921 shares in the company, valued at $4,060,718.20. This represents a 5.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $57.34, for a total value of $513,193.00. Following the completion of the sale, the chief executive officer directly owned 151,276 shares in the company, valued at $8,674,165.84. This trade represents a 5.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FHI. Rockefeller Capital Management L.P. grew its position in Federated Hermes by 24.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock worth $52,000 after acquiring an additional 194 shares during the last quarter. GAMMA Investing LLC raised its position in Federated Hermes by 8.3% in the fourth quarter. GAMMA Investing LLC now owns 2,734 shares of the company’s stock valued at $142,000 after purchasing an additional 210 shares during the last quarter. Root Financial Partners LLC raised its position in Federated Hermes by 71.0% in the first quarter. Root Financial Partners LLC now owns 571 shares of the company’s stock valued at $32,000 after purchasing an additional 237 shares during the last quarter. RiverFront Investment Group LLC boosted its stake in shares of Federated Hermes by 4.7% during the fourth quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock valued at $299,000 after purchasing an additional 256 shares in the last quarter. Finally, Advyzon Investment Management LLC boosted its stake in shares of Federated Hermes by 6.0% during the fourth quarter. Advyzon Investment Management LLC now owns 4,594 shares of the company’s stock valued at $239,000 after purchasing an additional 259 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Federated Hermes Stock Performance

FHI opened at $58.66 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.73 and a current ratio of 3.28. Federated Hermes has a 52-week low of $46.66 and a 52-week high of $60.77. The firm has a market cap of $4.45 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 1.59 and a beta of 0.65. The business’s fifty day moving average is $56.97 and its 200-day moving average is $55.86.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.07. Federated Hermes had a return on equity of 33.90% and a net margin of 21.47%.The business had revenue of $478.96 million during the quarter, compared to the consensus estimate of $475.22 million. During the same quarter in the previous year, the firm earned $1.25 earnings per share. Federated Hermes’s revenue for the quarter was up 13.1% compared to the same quarter last year. Sell-side analysts expect that Federated Hermes will post 5.24 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, May 8th. This is a positive change from Federated Hermes’s previous quarterly dividend of $0.34. Federated Hermes’s dividend payout ratio is 29.46%.

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.