Federated Hermes, Inc. (NYSE:FHI) Receives Consensus Recommendation of “Hold” from Analysts

Federated Hermes, Inc. (NYSE:FHI) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $42.17.

Several analysts have recently issued reports on the stock. UBS Group increased their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Friday, March 21st. Evercore ISI set a $44.00 price target on shares of Federated Hermes in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $41.00 target price (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th.

Federated Hermes Stock Performance

NYSE:FHI opened at $40.70 on Friday. Federated Hermes has a fifty-two week low of $31.24 and a fifty-two week high of $43.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The company has a 50 day moving average price of $38.95 and a 200 day moving average price of $39.34. The stock has a market capitalization of $3.31 billion, a P/E ratio of 12.76, a PEG ratio of 1.00 and a beta of 1.10.

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

Federated Hermes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes’s dividend payout ratio (DPR) is 38.87%.

Insider Transactions 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 shares were sold at an average price of $38.81, for a total value of $215,240.26. Following the completion of the transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Federated Hermes during the fourth quarter worth about $292,000. Inspire Investing LLC purchased a new position in Federated Hermes during the 4th quarter worth approximately $829,000. Charles Schwab Investment Management Inc. increased its position in Federated Hermes by 19.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company’s stock worth $37,618,000 after buying an additional 145,878 shares during the period. Sanctuary Advisors LLC lifted its stake in Federated Hermes by 78.5% in the fourth quarter. Sanctuary Advisors LLC now owns 23,046 shares of the company’s stock valued at $916,000 after buying an additional 10,135 shares during the last quarter. Finally, Fortis Advisors LLC acquired a new stake in shares of Federated Hermes in the fourth quarter valued at approximately $727,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

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.