Federated Hermes, Inc. (NYSE:FHI) Receives $49.67 Consensus PT from Analysts

by · The Cerbat Gem

Federated Hermes, Inc. (NYSE:FHI – Get Free Report) has been assigned an average rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $49.6667.

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Federated Hermes from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Wall Street Zen downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 28th. Cowen restated a “hold” rating on shares of Federated Hermes in a research note on Tuesday, November 4th. Zacks Research downgraded shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a report on Wednesday, October 8th.

Read Our Latest Report on Federated Hermes

Federated Hermes Trading Up 0.6%

NYSE FHI opened at $52.38 on Monday. The firm’s fifty day moving average price is $50.63 and its 200 day moving average price is $50.35. Federated Hermes has a 12 month low of $35.05 and a 12 month high of $54.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.13 and a quick ratio of 2.58. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 0.54 and a beta of 0.75.

Federated Hermes (NYSE:FHI – Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.23. The firm had revenue of $469.45 million during the quarter, compared to analysts’ expectations of $442.67 million. Federated Hermes had a return on equity of 33.03% and a net margin of 21.86%.The business’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 EPS. On average, sell-side analysts expect that Federated Hermes will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 7th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, November 7th. Federated Hermes’s dividend payout ratio (DPR) is 28.39%.

Insider Activity

In other Federated Hermes news, VP Dolores D. Dudiak sold 999 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $47.87, for a total value of $47,822.13. Following the transaction, the vice president directly owned 88,223 shares of the company’s stock, valued at approximately $4,223,235.01. The trade was a 1.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Richard A. Novak sold 1,249 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $47.85, for a total transaction of $59,764.65. Following the transaction, the insider owned 57,500 shares of the company’s stock, valued at approximately $2,751,375. The trade was a 2.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 21,709 shares of company stock valued at $1,049,146. Company insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. MAI Capital Management lifted its position in Federated Hermes by 86.7% in the third quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $25,000 after purchasing an additional 221 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Federated Hermes by 97.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock worth $45,000 after buying an additional 430 shares in the last quarter. AdvisorNet Financial Inc acquired a new stake in shares of Federated Hermes in the 2nd quarter valued at approximately $44,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Federated Hermes in the second quarter valued at approximately $46,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Federated Hermes during the second quarter worth $56,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

About Federated Hermes

(Get Free Report)

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.

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