Zacks Research Lifts Earnings Estimates for Federated Hermes

Federated Hermes, Inc. (NYSE:FHI) – Equities research analysts at Zacks Research increased their Q4 2024 EPS estimates for shares of Federated Hermes in a report issued on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $0.85 per share for the quarter, up from their prior forecast of $0.84. The consensus estimate for Federated Hermes’ current full-year earnings is $3.83 per share. Zacks Research also issued estimates for Federated Hermes’ Q2 2025 earnings at $1.01 EPS, Q3 2025 earnings at $1.03 EPS, Q1 2026 earnings at $0.97 EPS and Q2 2026 earnings at $1.05 EPS.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft increased their target price on Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada increased their price objective 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. Evercore ISI lifted their target price on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. UBS Group upped their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, 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 report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.33.

Federated Hermes Trading Up 0.9 %

FHI stock opened at $42.01 on Thursday. The company has a market capitalization of $3.44 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.21 and a beta of 1.15. 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 has a one year low of $31.08 and a one year high of $42.56. The company’s 50 day moving average price is $37.60 and its two-hundred day moving average price is $34.73.

Federated Hermes (NYSE:FHI) last announced its 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 net margin of 16.62% and a return on equity of 29.85%. The company had revenue of $408.46 million during the quarter, compared to analyst estimates of $410.26 million. During the same period in the previous year, the business earned $0.86 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year.

Federated Hermes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Friday, November 8th. Federated Hermes’s payout ratio is currently 39.87%.

Insiders Place Their Bets

In other news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 179,096 shares in the company, valued at $7,138,766.56. This trade represents a 6.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Dolores D. Dudiak sold 5,000 shares of the stock in a transaction on 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 transaction, the vice president now owns 77,288 shares of the company’s stock, valued at approximately $3,083,018.32. This trade represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Headlands Technologies LLC raised its stake in Federated Hermes by 607.7% during the first quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock valued at $30,000 after buying an additional 711 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Federated Hermes by 49.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after acquiring an additional 349 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Federated Hermes in the 2nd quarter worth about $47,000. CWM LLC boosted its stake in Federated Hermes by 985.7% in the 2nd quarter. CWM LLC now owns 1,444 shares of the company’s stock worth $47,000 after purchasing an additional 1,311 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Federated Hermes by 26.0% during the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock valued at $47,000 after purchasing an additional 296 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

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.