Federated Hermes, Inc. (NYSE:FHI) Receives $43.33 Consensus PT from Analysts

Shares of Federated Hermes, Inc. (NYSE:FHI) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $43.33.

A number of analysts recently issued reports on FHI shares. Royal Bank of Canada lifted their target price on Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a research report on Monday, October 28th. StockNews.com cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft increased their price objective on Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a report on Monday, November 11th. UBS Group boosted their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and increased their price target for the company from $35.00 to $46.00 in a research note on Monday, October 28th.

Federated Hermes Trading Down 0.3 %

NYSE:FHI opened at $40.92 on Thursday. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32. Federated Hermes has a twelve month low of $31.24 and a twelve month high of $43.92. The company has a market cap of $3.35 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 1.19 and a beta of 1.15. The business has a 50 day moving average price of $41.07 and a two-hundred day moving average price of $36.54.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The business had revenue of $408.46 million during the quarter, compared to the consensus estimate of $410.26 million. During the same quarter last year, the firm earned $0.86 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, analysts expect that Federated Hermes will post 3.88 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.03%. The ex-dividend date was Friday, November 8th. Federated Hermes’s dividend payout ratio is 39.87%.

Insiders Place Their Bets

In related news, VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total transaction of $199,450.00. Following the completion of the sale, the vice president now owns 77,288 shares of the company’s stock, valued at approximately $3,083,018.32. The trade was a 6.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Richard A. Novak sold 1,363 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total transaction of $56,523.61. Following the completion of the transaction, the insider now owns 53,837 shares in the company, valued at approximately $2,232,620.39. This trade represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,280 shares of company stock valued at $1,185,871 over the last ninety days. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Federated Hermes

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Federated Hermes by 49.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after buying an additional 349 shares in the last quarter. CWM LLC boosted its position in shares of Federated Hermes by 985.7% in the second quarter. CWM LLC now owns 1,444 shares of the company’s stock valued at $47,000 after acquiring an additional 1,311 shares during the period. UMB Bank n.a. grew its stake in shares of Federated Hermes by 26.0% in the second quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock valued at $47,000 after acquiring an additional 296 shares in the last quarter. Neo Ivy Capital Management bought a new position in Federated Hermes during the third quarter worth about $60,000. Finally, Headlands Technologies LLC raised its stake in Federated Hermes by 134.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,945 shares of the company’s stock worth $64,000 after purchasing an additional 1,117 shares in the last quarter. 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.