Federated Hermes, Inc. (NYSE:FHI) Receives $42.17 Consensus PT from Analysts

Shares of Federated Hermes, Inc. (NYSE:FHI) have earned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $42.17.

FHI has been the subject of several research reports. Royal Bank of Canada raised their target price on Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. UBS Group raised their target price on Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. StockNews.com cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $42.00 target price (down previously from $49.00) on shares of Federated Hermes in a research note on Tuesday, January 7th.

Insider Activity

In related news, VP Dolores D. Dudiak sold 5,000 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the completion of the sale, the vice president now directly owns 77,288 shares of the company’s stock, valued at approximately $3,083,018.32. This represents a 6.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $39.86, for a total value of $484,378.72. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $7,138,766.56. This represents a 6.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,280 shares of company stock valued at $1,185,871 over the last three months. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

Several hedge funds have recently bought and sold shares of the business. FMR LLC lifted its stake in Federated Hermes by 2.5% in the 3rd quarter. FMR LLC now owns 5,666,335 shares of the company’s stock worth $208,351,000 after acquiring an additional 137,245 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Federated Hermes by 88.3% during the 2nd quarter. AQR Capital Management LLC now owns 2,689,488 shares of the company’s stock worth $87,866,000 after purchasing an additional 1,261,097 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Federated Hermes by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company’s stock worth $45,982,000 after purchasing an additional 92,643 shares in the last quarter. Millennium Management LLC raised its stake in shares of Federated Hermes by 1.1% during the 2nd quarter. Millennium Management LLC now owns 969,844 shares of the company’s stock worth $31,888,000 after purchasing an additional 10,552 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Federated Hermes by 13.1% during the 3rd quarter. Two Sigma Advisers LP now owns 787,400 shares of the company’s stock worth $28,953,000 after purchasing an additional 90,900 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Federated Hermes Trading Up 0.9 %

NYSE:FHI opened at $38.47 on Monday. Federated Hermes has a 1 year low of $31.24 and a 1 year high of $43.92. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.19 and a beta of 1.16. The business has a fifty day moving average of $41.51 and a 200-day moving average of $37.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.14. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The company had revenue of $408.46 million during the quarter, compared to analysts’ expectations of $410.26 million. During the same quarter in the prior year, the business posted $0.86 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities analysts predict that Federated Hermes will post 3.88 earnings per share for the current year.

Federated Hermes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Friday, November 8th. Federated Hermes’s dividend payout ratio is 39.87%.

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.