Federated Hermes, Inc. (NYSE:FHI) Receives $55.00 Consensus Target Price from Analysts

Federated Hermes, Inc. (NYSE:FHI) has earned an average recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $55.00.

Several research analysts have commented on the company. Wall Street Zen downgraded Federated Hermes from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Evercore reaffirmed an “outperform” rating and set a $59.00 target price on shares of Federated Hermes in a report on Monday, June 8th. Royal Bank Of Canada cut their target price on Federated Hermes from $56.00 to $54.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a report on Tuesday, April 21st. Finally, TD Cowen cut their target price on Federated Hermes from $58.00 to $54.00 and set a “hold” rating on the stock in a report on Monday, May 4th.

Insider Activity

In other news, CEO Saker Anwar Nusseibeh sold 8,950 shares of Federated Hermes stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $57.34, for a total value of $513,193.00. Following the completion of the transaction, the chief executive officer directly owned 151,276 shares of the company’s stock, valued at approximately $8,674,165.84. This trade represents a 5.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Bryan M. Burke sold 4,000 shares of Federated Hermes stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $54.20, for a total value of $216,800.00. Following the completion of the transaction, the vice president directly owned 74,921 shares of the company’s stock, valued at approximately $4,060,718.20. This trade represents a 5.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FHI. MAI Capital Management raised its position in shares of Federated Hermes by 86.7% in the 3rd quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $25,000 after acquiring an additional 221 shares in the last quarter. Torren Management LLC bought a new position in shares of Federated Hermes in the 4th quarter worth about $25,000. Root Financial Partners LLC raised its position in shares of Federated Hermes by 71.0% in the 1st quarter. Root Financial Partners LLC now owns 571 shares of the company’s stock worth $32,000 after acquiring an additional 237 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Federated Hermes by 119.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 736 shares of the company’s stock worth $38,000 after acquiring an additional 401 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Federated Hermes by 145.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 848 shares of the company’s stock worth $44,000 after acquiring an additional 503 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

Federated Hermes Stock Down 0.0%

Shares of FHI opened at $57.50 on Monday. The company has a market capitalization of $4.37 billion, a PE ratio of 11.14, a PEG ratio of 2.05 and a beta of 0.65. Federated Hermes has a 12 month low of $43.90 and a 12 month high of $60.17. The stock’s 50-day moving average price is $56.55 and its two-hundred day moving average price is $55.34. The company has a current ratio of 3.28, a quick ratio of 2.73 and a debt-to-equity ratio of 0.29.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.20 by $0.07. The firm had revenue of $478.96 million for the quarter, compared to the consensus estimate of $475.22 million. Federated Hermes had a return on equity of 33.90% and a net margin of 21.47%.The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 EPS. On average, analysts anticipate that Federated Hermes will post 5.12 EPS for the current year.

Federated Hermes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, May 8th. This is a boost from Federated Hermes’s previous quarterly dividend of $0.34. Federated Hermes’s dividend payout ratio (DPR) is presently 29.46%.

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.