Federated Hermes (NYSE:FHI) Reaches New 1-Year High – What’s Next?

Federated Hermes, Inc. (NYSE:FHI) hit a new 52-week high on Wednesday . The stock traded as high as $56.68 and last traded at $54.90, with a volume of 625875 shares changing hands. The stock had previously closed at $55.44.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Argus raised Federated Hermes to a “hold” rating in a research note on Monday, February 2nd. Zacks Research downgraded Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $55.00 target price (up from $54.00) on shares of Federated Hermes in a report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Federated Hermes from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $55.00.

Federated Hermes Price Performance

The company has a current ratio of 2.75, a quick ratio of 2.58 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average of $53.25 and a 200 day moving average of $51.97. The firm has a market capitalization of $4.26 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, January 29th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. Federated Hermes had a net margin of 22.40% and a return on equity of 34.25%. The firm had revenue of $482.83 million during the quarter, compared to analyst estimates of $468.45 million. During the same quarter in the prior year, the business posted $1.04 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. As a group, research analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were paid a $0.34 dividend. The ex-dividend date was Friday, February 6th. This represents a $1.36 annualized dividend and a yield of 2.5%. Federated Hermes’s dividend payout ratio (DPR) is 26.46%.

Institutional Trading of Federated Hermes

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 210 shares during the last quarter. MAI Capital Management increased its holdings in Federated Hermes by 86.7% during the third quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $25,000 after buying an additional 221 shares during the last quarter. RiverFront Investment Group LLC raised its position in Federated Hermes by 4.7% in the fourth quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock worth $299,000 after acquiring an additional 256 shares during the period. Advyzon Investment Management LLC boosted its stake in Federated Hermes by 6.0% in the fourth quarter. Advyzon Investment Management LLC now owns 4,594 shares of the company’s stock valued at $239,000 after acquiring an additional 259 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Federated Hermes by 0.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,934 shares of the company’s stock valued at $3,580,000 after acquiring an additional 272 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other 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.