Federated Hermes (NYSE:FHI) Hits New 52-Week High – Here’s What Happened

Shares of Federated Hermes, Inc. (NYSE:FHI) hit a new 52-week high on Thursday . The stock traded as high as $55.53 and last traded at $55.0830, with a volume of 62272 shares. The stock had previously closed at $53.87.

Wall Street Analyst Weigh In

Several equities analysts have commented on FHI shares. TD Cowen reissued a “hold” rating on shares of Federated Hermes in a research report on Wednesday, January 14th. Argus raised shares of Federated Hermes to a “hold” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. upped their price objective 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a report on Thursday, January 22nd. Finally, Wall Street Zen cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.00.

Federated Hermes Stock Performance

The company has a market capitalization of $4.22 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 0.53 and a beta of 0.74. 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’s fifty day moving average is $52.90 and its two-hundred day moving average is $51.79.

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

Federated Hermes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, February 6th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, February 6th. Federated Hermes’s dividend payout ratio (DPR) is presently 26.46%.

Insider Activity

In other Federated Hermes news, VP Dolores D. Dudiak sold 999 shares of Federated Hermes stock in a transaction that occurred 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 completion of the sale, the vice president 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard A. Novak sold 1,249 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $47.85, for a total value of $59,764.65. Following the transaction, the insider directly owned 57,500 shares in the company, valued at $2,751,375. The trade was a 2.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,709 shares of company stock valued at $321,046 over the last three months. Insiders own 3.80% of the company’s stock.

Institutional Trading of Federated Hermes

Large investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Federated Hermes by 8.3% in the fourth quarter. GAMMA Investing LLC now owns 2,734 shares of the company’s stock valued at $142,000 after acquiring an additional 210 shares during the period. 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 valued at $25,000 after purchasing an additional 221 shares during the last quarter. RiverFront Investment Group LLC lifted its stake in shares of Federated Hermes by 4.7% in the 4th quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock worth $299,000 after purchasing an additional 256 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of 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 worth $3,580,000 after buying an additional 272 shares during the last quarter. Finally, Cadence Bank grew its position in Federated Hermes by 0.3% during the fourth quarter. Cadence Bank now owns 128,345 shares of the company’s stock valued at $6,683,000 after buying an additional 323 shares during the period. Institutional investors own 75.94% of the company’s stock.

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.