Federated Hermes, Inc. (NYSE:FHI) Given Average Rating of “Moderate Buy” by Analysts

by · The Markets Daily

Federated Hermes, Inc. (NYSE:FHI – Get Free Report) has earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $43.33.

A number of brokerages have recently issued reports on FHI. TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and raised their price target for the company from $35.00 to $46.00 in a report on Monday, October 28th. Royal Bank of Canada raised their target price on shares of Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. UBS Group boosted their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Evercore ISI raised their price target on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, November 11th.

Check Out Our Latest Stock Report on Federated Hermes

Federated Hermes Price Performance

Shares of FHI opened at $41.28 on Thursday. The company has a market capitalization of $3.38 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 1.19 and a beta of 1.15. Federated Hermes has a twelve month low of $31.24 and a twelve month high of $43.92. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $41.29 and a 200 day moving average of $36.69.

Federated Hermes (NYSE:FHI – Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.06 earnings per share 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 firm had revenue of $408.46 million during the quarter, compared to analysts’ expectations of $410.26 million. During the same quarter in the previous year, the business earned $0.86 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts anticipate that Federated Hermes will post 3.88 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.00%. The ex-dividend date was Friday, November 8th. Federated Hermes’s dividend payout ratio is presently 39.87%.

Insider Transactions at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were 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 directly owns 179,096 shares in the company, valued at $7,138,766.56. This represents a 6.35 % decrease in their ownership of the stock. 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 Federated Hermes stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total transaction of $199,450.00. Following the transaction, the vice president now owns 77,288 shares in the company, 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. Insiders have sold 29,280 shares of company stock valued at $1,185,871 over the last quarter. 3.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Federated Hermes

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of Federated Hermes by 49.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after acquiring an additional 349 shares during the period. UMB Bank n.a. lifted its holdings in Federated Hermes by 26.0% in the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock worth $47,000 after purchasing an additional 296 shares in the last quarter. 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 during the period. Neo Ivy Capital Management bought a new position in Federated Hermes in the 3rd quarter worth approximately $60,000. Finally, Headlands Technologies LLC grew its holdings in Federated Hermes by 134.9% during the 2nd quarter. Headlands Technologies LLC now owns 1,945 shares of the company’s stock valued at $64,000 after buying an additional 1,117 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

About Federated Hermes

(Get Free Report

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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