Federated Hermes, Inc. (NYSE:FHI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Federated Hermes, Inc. (NYSE:FHI) has earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $48.3333.

Several brokerages recently issued reports on FHI. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a research report on Wednesday, October 8th. Zacks Research upgraded Federated Hermes from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Evercore ISI boosted their price objective on Federated Hermes from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Wall Street Zen lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Royal Bank Of Canada boosted their price objective on Federated Hermes from $45.00 to $51.00 and gave the company a “sector perform” rating in a research report on Thursday, August 14th.

Federated Hermes Price Performance

Shares of FHI opened at $51.53 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.32 and a current ratio of 3.37. The stock has a 50 day simple moving average of $52.60 and a 200 day simple moving average of $46.45. Federated Hermes has a 52-week low of $35.05 and a 52-week high of $54.42. The firm has a market capitalization of $4.00 billion, a PE ratio of 11.42, a P/E/G ratio of 0.58 and a beta of 0.80.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.17. Federated Hermes had a return on equity of 32.30% and a net margin of 21.67%.The business had revenue of $424.84 million during the quarter, compared to analyst estimates of $424.83 million. During the same period in the previous year, the firm earned $0.96 EPS. Federated Hermes’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Federated Hermes will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid a $0.34 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.36 annualized dividend and a yield of 2.6%. Federated Hermes’s payout ratio is presently 30.16%.

Institutional Investors Weigh In On Federated Hermes

Several institutional investors have recently bought and sold shares of the company. Diversified Trust Co raised its position in shares of Federated Hermes by 2.6% during the second quarter. Diversified Trust Co now owns 9,036 shares of the company’s stock worth $400,000 after acquiring an additional 229 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Federated Hermes by 10.6% during the third quarter. GAMMA Investing LLC now owns 2,524 shares of the company’s stock worth $131,000 after acquiring an additional 241 shares during the last quarter. Hohimer Wealth Management LLC increased its holdings in Federated Hermes by 3.8% in the first quarter. Hohimer Wealth Management LLC now owns 6,795 shares of the company’s stock worth $277,000 after purchasing an additional 249 shares in the last quarter. CW Advisors LLC increased its holdings in Federated Hermes by 3.8% in the first quarter. CW Advisors LLC now owns 7,168 shares of the company’s stock worth $292,000 after purchasing an additional 261 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Federated Hermes by 2.5% in the first quarter. Pacer Advisors Inc. now owns 11,900 shares of the company’s stock worth $485,000 after purchasing an additional 286 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.