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

Federated Hermes, Inc. (NYSE:FHI) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $51.20.

FHI has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 10th. TD Cowen reiterated a “hold” rating on shares of Federated Hermes in a report on Wednesday, January 14th. JPMorgan Chase & Co. raised their price target on shares of Federated Hermes from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Finally, Zacks Research cut Federated Hermes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th.

Insider Buying and Selling

In other Federated Hermes news, insider Richard A. Novak sold 1,249 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $47.85, for a total value of $59,764.65. Following the completion of the transaction, the insider owned 57,500 shares of the company’s stock, valued at approximately $2,751,375. The trade was a 2.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 4,461 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $47.85, for a total transaction of $213,458.85. Following the sale, the chief executive officer directly owned 161,578 shares in the company, valued at approximately $7,731,507.30. The trade was a 2.69% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 21,709 shares of company stock worth $1,049,146. 3.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Federated Hermes

A number of hedge funds have recently added to or reduced their stakes in FHI. MAI Capital Management boosted its stake 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 buying an additional 221 shares during the last quarter. AdvisorNet Financial Inc bought a new position in Federated Hermes in the second quarter valued at about $44,000. Farther Finance Advisors LLC boosted its position in Federated Hermes by 97.7% in the third quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock worth $45,000 after purchasing an additional 430 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Federated Hermes in the second quarter worth about $46,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Federated Hermes during the 2nd quarter valued at about $56,000. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Federated Hermes Stock Performance

Federated Hermes stock opened at $53.07 on Friday. Federated Hermes has a twelve month low of $35.05 and a twelve month high of $55.13. The company has a quick ratio of 2.58, a current ratio of 3.13 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $4.12 billion, a P/E ratio of 11.08, a PEG ratio of 0.55 and a beta of 0.75. The stock’s 50 day moving average is $52.28 and its 200 day moving average is $51.41.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, January 29th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. Federated Hermes had a return on equity of 33.03% and a net margin of 21.86%.The business had revenue of $482.83 million for the quarter, compared to the consensus estimate of $468.45 million. On average, equities research analysts predict that Federated Hermes will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, February 6th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.36 annualized dividend and a dividend yield of 2.6%. Federated Hermes’s dividend payout ratio (DPR) is 28.39%.

About Federated Hermes

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.