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

Federated Hermes, Inc. (NYSE:FHI) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $38.29.

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Federated Hermes from $46.00 to $47.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. UBS Group boosted their price objective on Federated Hermes from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, Evercore ISI decreased their target price on Federated Hermes from $39.00 to $37.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st.

Insider Buying and Selling

In other news, VP Paul A. Uhlman sold 975 shares of Federated Hermes stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $32,175.00. Following the completion of the transaction, the vice president now owns 299,572 shares in the company, valued at $9,885,876. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Paul A. Uhlman sold 975 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $33.00, for a total value of $32,175.00. Following the completion of the transaction, the vice president now directly owns 299,572 shares of the company’s stock, valued at $9,885,876. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul A. Uhlman sold 994 shares of Federated Hermes stock in a transaction on Monday, June 17th. The shares were sold at an average price of $31.43, for a total value of $31,241.42. Following the completion of the transaction, the vice president now owns 298,578 shares of the company’s stock, valued at $9,384,306.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,361 shares of company stock valued at $76,360. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Federated Hermes

A number of institutional investors and hedge funds have recently modified their holdings of FHI. Rhumbline Advisers raised its position in shares of Federated Hermes by 2.0% in the third quarter. Rhumbline Advisers now owns 162,578 shares of the company’s stock worth $5,507,000 after buying an additional 3,192 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Federated Hermes by 308.9% during the 3rd quarter. Hsbc Holdings PLC now owns 34,922 shares of the company’s stock valued at $1,188,000 after acquiring an additional 26,382 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Federated Hermes during the third quarter worth about $538,000. Tower Research Capital LLC TRC increased its position in shares of Federated Hermes by 18.4% in the third quarter. Tower Research Capital LLC TRC now owns 13,124 shares of the company’s stock worth $445,000 after purchasing an additional 2,043 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its stake in Federated Hermes by 228.4% in the third quarter. Schonfeld Strategic Advisors LLC now owns 478,094 shares of the company’s stock valued at $16,193,000 after purchasing an additional 332,528 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Federated Hermes Trading Down 0.4 %

NYSE FHI opened at $32.74 on Thursday. The company has a current ratio of 3.39, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $2.76 billion, a P/E ratio of 9.30, a PEG ratio of 1.11 and a beta of 1.17. The business has a fifty day simple moving average of $32.73 and a 200 day simple moving average of $34.26. Federated Hermes has a 12 month low of $30.23 and a 12 month high of $37.31.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.89 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.89. Federated Hermes had a net margin of 18.75% and a return on equity of 27.00%. The company had revenue of $396.37 million for the quarter, compared to analyst estimates of $400.26 million. During the same period last year, the firm earned $0.78 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. On average, analysts predict that Federated Hermes will post 3.6 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The company also recently declared a None dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th were given a dividend of $1.31 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, May 7th. This is a boost from Federated Hermes’s previous None dividend of $1.27. Federated Hermes’s dividend payout ratio is currently 35.23%.

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.