Federated Hermes (NYSE:FHI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Federated Hermes (NYSE:FHI) from a buy rating to a strong-buy rating in a research report released on Saturday.

Several other equities analysts have also recently commented on FHI. JPMorgan Chase & Co. boosted their price objective on shares of Federated Hermes from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. TD Cowen raised their price target on shares of Federated Hermes from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Zacks Research cut shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Cowen reiterated a “hold” rating on shares of Federated Hermes in a research report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $51.00.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $52.79 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.58 and a current ratio of 3.13. Federated Hermes has a fifty-two week low of $35.05 and a fifty-two week high of $54.48. The stock has a market cap of $4.09 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 0.54 and a beta of 0.75. The stock has a fifty day moving average of $51.20 and a 200-day moving average of $50.77.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, October 30th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.11 by $0.23. Federated Hermes had a return on equity of 33.03% and a net margin of 21.86%.The business had revenue of $469.45 million during the quarter, compared to the consensus estimate of $442.67 million. During the same quarter last year, the company earned $1.06 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. Equities research analysts anticipate that Federated Hermes will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

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

Insider Transactions at Federated Hermes

In other Federated Hermes news, insider Richard A. Novak sold 1,249 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $47.85, for a total value of $59,764.65. Following the completion of the sale, the insider directly owned 57,500 shares in the company, valued at $2,751,375. This trade represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Saker Anwar Nusseibeh sold 4,461 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $47.85, for a total value of $213,458.85. Following the transaction, the chief executive officer owned 161,578 shares in the company, valued at $7,731,507.30. This trade represents a 2.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 21,709 shares of company stock valued at $1,049,146. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

Several hedge funds have recently made changes to their positions in the company. Congress Asset Management Co. grew its holdings in Federated Hermes by 2.9% in the fourth quarter. Congress Asset Management Co. now owns 72,303 shares of the company’s stock worth $3,765,000 after purchasing an additional 2,057 shares during the period. SG Americas Securities LLC boosted its position in shares of Federated Hermes by 408.8% in the 4th quarter. SG Americas Securities LLC now owns 57,952 shares of the company’s stock worth $3,018,000 after purchasing an additional 46,561 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Federated Hermes by 36.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 116,278 shares of the company’s stock worth $6,055,000 after buying an additional 31,240 shares during the last quarter. Fragasso Financial Advisors Inc purchased a new stake in shares of Federated Hermes in the 4th quarter worth approximately $210,000. Finally, GAMMA Investing LLC increased its position in Federated Hermes by 8.3% during the 4th quarter. GAMMA Investing LLC now owns 2,734 shares of the company’s stock valued at $142,000 after buying an additional 210 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

Federated Hermes Company Profile

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.