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

Federated Hermes, Inc. (NYSE:FHI) has earned an average recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $57.40.

Several research analysts have issued reports on FHI shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $58.00 price objective on shares of Federated Hermes in a research report on Monday, August 3rd. Evercore reaffirmed an “outperform” rating and set a $65.00 price target on shares of Federated Hermes in a research note on Monday, August 10th. Weiss Ratings upgraded shares of Federated Hermes from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, July 31st. JPMorgan Chase & Co. decreased their price objective on shares of Federated Hermes from $56.00 to $53.00 and set an “underweight” rating on the stock in a report on Monday, May 4th. Finally, Royal Bank Of Canada upped their target price on shares of Federated Hermes from $54.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 2nd.

Federated Hermes Price Performance

Shares of FHI opened at $64.26 on Tuesday. Federated Hermes has a twelve month low of $46.66 and a twelve month high of $67.20. The stock’s 50 day moving average is $59.40 and its two-hundred day moving average is $57.08. The firm has a market capitalization of $4.80 billion, a PE ratio of 11.94, a P/E/G ratio of 1.50 and a beta of 0.65. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.28.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, July 30th. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.19. Federated Hermes had a return on equity of 34.03% and a net margin of 21.30%.The business had revenue of $502.78 million during the quarter, compared to the consensus estimate of $488.34 million. During the same period in the prior year, the business posted $1.16 EPS. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. Research analysts anticipate that Federated Hermes will post 5.43 earnings per share for the current year.

Federated Hermes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 7th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.52 annualized dividend and a dividend yield of 2.4%. Federated Hermes’s payout ratio is 28.25%.

Insider Buying and Selling at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 8,950 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $57.34, for a total value of $513,193.00. Following the completion of the transaction, the chief executive officer directly owned 151,276 shares of the company’s stock, valued at $8,674,165.84. This trade represents a 5.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Federated Hermes

A number of institutional investors have recently bought and sold shares of FHI. Jones Financial Companies Lllp increased its position in shares of Federated Hermes by 236.0% in the first quarter. Jones Financial Companies Lllp now owns 8,890 shares of the company’s stock valued at $362,000 after buying an additional 6,244 shares in the last quarter. United Services Automobile Association acquired a new stake in Federated Hermes in the 1st quarter valued at about $220,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Federated Hermes by 11.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 239,613 shares of the company’s stock valued at $9,769,000 after acquiring an additional 24,960 shares in the last quarter. American Century Companies Inc. raised its position in Federated Hermes by 1.9% during the second quarter. American Century Companies Inc. now owns 33,246 shares of the company’s stock worth $1,474,000 after acquiring an additional 614 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Federated Hermes by 4.9% in the second quarter. Prudential Financial Inc. now owns 11,744 shares of the company’s stock valued at $497,000 after purchasing an additional 547 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

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.