Federated Hermes, Inc. (NYSE:FHI) Receives $51.20 Average Price Target from Analysts

Federated Hermes, Inc. (NYSE:FHI) has earned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $51.20.

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Federated Hermes from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. TD Cowen reaffirmed a “hold” rating on shares of Federated Hermes in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a report on Thursday, January 22nd. Zacks Research cut Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Wall Street Zen upgraded Federated Hermes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 10th.

Federated Hermes Price Performance

Shares of Federated Hermes stock opened at $52.44 on Friday. The stock has a market capitalization of $4.07 billion, a P/E ratio of 10.95, a PEG ratio of 0.55 and a beta of 0.75. The business has a 50 day simple moving average of $52.07 and a two-hundred day simple moving average of $51.39. Federated Hermes has a 12 month low of $35.05 and a 12 month high of $55.13. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.13 and a quick ratio of 2.58.

Federated Hermes (NYSE:FHI) last issued its quarterly 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 firm had revenue of $469.45 million during the quarter, compared to analysts’ expectations of $442.67 million. During the same period in the previous year, the business earned $1.06 earnings per share. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, analysts predict that Federated Hermes will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

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. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.6%. Federated Hermes’s dividend payout ratio (DPR) is 28.39%.

Insider Transactions at Federated Hermes

In other Federated Hermes news, insider Richard A. Novak sold 1,249 shares of Federated Hermes stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $47.85, for a total transaction of $59,764.65. Following the transaction, the insider directly owned 57,500 shares of the company’s stock, valued at $2,751,375. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Saker Anwar Nusseibeh sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $48.54, for a total value of $728,100.00. Following the completion of the transaction, the chief executive officer owned 157,039 shares in the company, valued at $7,622,673.06. This represents a 8.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,709 shares of company stock worth $1,049,146 in the last quarter. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

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

About Federated Hermes

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.