Federated Hermes, Inc. (NYSE:FHI) Receives $42.00 Consensus Target Price from Brokerages

Shares of Federated Hermes, Inc. (NYSE:FHI) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $42.00.

Several equities analysts have recently weighed in on FHI shares. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 26th. UBS Group raised their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and raised their price target for the stock from $35.00 to $46.00 in a research report on Monday, October 28th. Finally, Royal Bank of Canada lowered their price target on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 28th.

Federated Hermes Price Performance

Shares of FHI opened at $38.79 on Friday. The firm has a market capitalization of $3.17 billion, a PE ratio of 12.16, a PEG ratio of 1.02 and a beta of 1.16. The company’s 50-day moving average is $40.35 and its 200-day moving average is $38.13. Federated Hermes has a fifty-two week low of $31.24 and a fifty-two week high of $43.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.08. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. Equities analysts forecast that Federated Hermes will post 4.09 EPS for the current year.

Federated Hermes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Friday, February 7th. Federated Hermes’s dividend payout ratio is currently 38.87%.

Insider Buying and Selling at Federated Hermes

In other news, insider Richard A. Novak sold 1,363 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total value of $56,523.61. Following the sale, the insider now directly owns 53,837 shares in the company, valued at approximately $2,232,620.39. This trade represents a 2.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 4,454 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.38, for a total transaction of $184,306.52. Following the completion of the sale, the chief executive officer now owns 184,642 shares in the company, valued at approximately $7,640,485.96. The trade was a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,128 shares of company stock valued at $502,042 in the last ninety days. 3.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Federated Hermes

Hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in Federated Hermes during the 4th quarter worth approximately $43,000. GAMMA Investing LLC boosted its position in Federated Hermes by 49.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after buying an additional 349 shares during the period. Sound Income Strategies LLC acquired a new stake in Federated Hermes during the 4th quarter worth approximately $53,000. Neo Ivy Capital Management acquired a new position in shares of Federated Hermes in the 3rd quarter worth approximately $60,000. Finally, CWM LLC lifted its position in shares of Federated Hermes by 74.7% in the 3rd quarter. CWM LLC now owns 2,523 shares of the company’s stock worth $93,000 after purchasing an additional 1,079 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Company Profile

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.