Evercore ISI Issues Pessimistic Forecast for Federated Hermes (NYSE:FHI) Stock Price

Federated Hermes (NYSE:FHI) had its price objective reduced by Evercore ISI from $42.00 to $38.00 in a research report report published on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on FHI. UBS Group raised their target price on Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. StockNews.com cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 1st. Royal Bank of Canada decreased their target price on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $41.00 target price (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.17.

Federated Hermes Trading Up 2.5 %

NYSE FHI opened at $37.80 on Friday. Federated Hermes has a 52 week low of $31.24 and a 52 week high of $43.92. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.07 billion, a P/E ratio of 11.85, a PEG ratio of 1.00 and a beta of 0.84. The company’s fifty day simple moving average is $38.75 and its 200-day simple moving average is $39.57.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. Equities research analysts predict that Federated Hermes will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.28%. Federated Hermes’s dividend payout ratio is 38.87%.

Insider Buying and Selling at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction of $215,240.26. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares in the company, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of Federated Hermes

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of Federated Hermes in the 4th quarter valued at $37,000. R Squared Ltd acquired a new stake in Federated Hermes during the 4th quarter worth about $43,000. Sound Income Strategies LLC bought a new position in shares of Federated Hermes in the 4th quarter worth about $53,000. Neo Ivy Capital Management acquired a new position in shares of Federated Hermes in the 3rd quarter valued at about $60,000. Finally, GAMMA Investing LLC grew its stake in Federated Hermes by 60.9% during the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after purchasing an additional 646 shares during the period. Institutional investors own 75.94% of the company’s stock.

Federated Hermes Company Profile

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.