Federated Hermes, Inc. (NYSE:FHI) Receives $43.33 Consensus PT from Analysts

Shares of Federated Hermes, Inc. (NYSE:FHIGet Free Report) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $43.33.

FHI has been the topic of a number of research analyst 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 report on Monday, October 28th. StockNews.com cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 26th. TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $46.00 in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Evercore ISI increased their price objective on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Get Our Latest Report on FHI

Insiders Place Their Bets

In other Federated Hermes 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 transaction of $56,523.61. Following the completion of the transaction, the insider now 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 Securities & Exchange Commission, which can be accessed through this link. Also, VP Dolores D. Dudiak sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total transaction of $199,450.00. Following the completion of the transaction, the vice president now owns 77,288 shares in the company, valued at $3,083,018.32. This trade represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,280 shares of company stock valued at $1,185,871 in the last ninety days. 3.70% of the stock is currently owned by insiders.

Institutional Trading of Federated Hermes

A number of large investors have recently bought and sold shares of FHI. GAMMA Investing LLC increased its stake in Federated Hermes by 49.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after purchasing an additional 349 shares in the last quarter. CWM LLC raised its stake in Federated Hermes by 985.7% during the 2nd quarter. CWM LLC now owns 1,444 shares of the company’s stock worth $47,000 after buying an additional 1,311 shares during the period. UMB Bank n.a. boosted its holdings in Federated Hermes by 26.0% in the second quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock worth $47,000 after acquiring an additional 296 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Federated Hermes in the third quarter valued at approximately $60,000. Finally, Headlands Technologies LLC increased its holdings in shares of Federated Hermes by 134.9% during the second quarter. Headlands Technologies LLC now owns 1,945 shares of the company’s stock valued at $64,000 after acquiring an additional 1,117 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Stock Up 0.7 %

FHI stock opened at $41.05 on Thursday. The company has a market cap of $3.36 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.19 and a beta of 1.15. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32. Federated Hermes has a 52 week low of $31.24 and a 52 week high of $43.92. The business has a 50-day simple moving average of $41.07 and a 200 day simple moving average of $36.51.

Federated Hermes (NYSE:FHIGet Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.14. The company had revenue of $408.46 million during the quarter, compared to the consensus estimate of $410.26 million. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 EPS. Sell-side analysts anticipate that Federated Hermes will post 3.88 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 annualized dividend and a yield of 3.02%. Federated Hermes’s dividend payout ratio is presently 39.87%.

About Federated Hermes

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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.

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Analyst Recommendations for Federated Hermes (NYSE:FHI)

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