Federated Hermes, Inc. (NYSE:FHI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Federated Hermes, Inc. (NYSE:FHI) has received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $43.33.

FHI has been the topic of several research reports. TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and boosted their price target for the company from $35.00 to $46.00 in a research note on Monday, October 28th. Evercore ISI boosted their price objective on Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com raised Federated Hermes from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, UBS Group raised their price objective on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd.

Insider Activity

In other news, insider Richard A. Novak sold 1,363 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total transaction of $56,523.61. Following the transaction, the insider now directly owns 53,837 shares in the company, valued at approximately $2,232,620.39. This represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $39.86, for a total value of $484,378.72. Following the transaction, the chief executive officer now directly owns 179,096 shares in the company, valued at approximately $7,138,766.56. This represents a 6.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,280 shares of company stock worth $1,185,871. Insiders own 3.70% of the company’s stock.

Institutional Trading of Federated Hermes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Federated Hermes by 49.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after buying an additional 349 shares during the period. CWM LLC grew its holdings in Federated Hermes by 985.7% during the 2nd quarter. CWM LLC now owns 1,444 shares of the company’s stock worth $47,000 after acquiring an additional 1,311 shares during the period. Mather Group LLC. bought a new stake in shares of Federated Hermes during the 2nd quarter valued at $47,000. UMB Bank n.a. lifted its stake in shares of Federated Hermes by 26.0% in the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock valued at $47,000 after purchasing an additional 296 shares during the period. Finally, Neo Ivy Capital Management bought a new position in shares of Federated Hermes in the 3rd quarter worth $60,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Stock Performance

FHI opened at $42.34 on Friday. Federated Hermes has a 12-month low of $31.08 and a 12-month high of $42.56. The firm has a market capitalization of $3.46 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.16 and a beta of 1.15. The stock’s 50 day moving average price is $38.68 and its two-hundred day moving average price is $35.17. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.14. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The business had revenue of $408.46 million for the quarter, compared to analyst estimates of $410.26 million. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Federated Hermes’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts forecast that Federated Hermes will post 3.88 earnings per share for the current year.

Federated Hermes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were given a $0.31 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.93%. Federated Hermes’s dividend payout ratio (DPR) is presently 39.87%.

About Federated Hermes

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.