Federated Hermes, Inc. (NYSE:FHI – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $38.43.
A number of equities analysts have commented on FHI shares. TD Cowen assumed coverage on shares of Federated Hermes in a report on Thursday, January 4th. They issued a “market perform” rating and a $32.00 target price for the company. UBS Group assumed coverage on Federated Hermes in a research report on Friday, January 5th. They issued a “neutral” rating and a $35.00 target price for the company. Royal Bank of Canada boosted their target price on Federated Hermes from $36.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Monday, January 29th. Finally, JPMorgan Chase & Co. upped their price objective on Federated Hermes from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, January 18th.
Check Out Our Latest Stock Analysis on FHI
Insider Buying and Selling
In other Federated Hermes news, VP Paul A. Uhlman sold 90,745 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $35.26, for a total transaction of $3,199,668.70. Following the transaction, the vice president now owns 289,904 shares of the company’s stock, valued at approximately $10,222,015.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Federated Hermes news, VP Paul A. Uhlman sold 90,745 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $35.26, for a total transaction of $3,199,668.70. Following the transaction, the vice president now owns 289,904 shares of the company’s stock, valued at $10,222,015.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Richard A. Novak sold 908 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $36.07, for a total value of $32,751.56. Following the sale, the insider now owns 49,068 shares of the company’s stock, valued at approximately $1,769,882.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 115,435 shares of company stock valued at $4,092,831. Insiders own 5.20% of the company’s stock.
Hedge Funds Weigh In On Federated Hermes
Large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its stake in shares of Federated Hermes by 71.1% during the 4th quarter. Fifth Third Bancorp now owns 739 shares of the company’s stock worth $25,000 after purchasing an additional 307 shares during the last quarter. Quarry LP purchased a new position in Federated Hermes in the 2nd quarter worth $29,000. Signaturefd LLC raised its position in Federated Hermes by 69.9% in the 3rd quarter. Signaturefd LLC now owns 834 shares of the company’s stock worth $28,000 after purchasing an additional 343 shares during the period. Pinebridge Investments L.P. purchased a new position in Federated Hermes in the 2nd quarter worth $37,000. Finally, Hexagon Capital Partners LLC raised its position in Federated Hermes by 216.4% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,041 shares of the company’s stock worth $35,000 after purchasing an additional 712 shares during the period. Institutional investors own 76.65% of the company’s stock.
Federated Hermes Stock Down 1.9 %
Shares of Federated Hermes stock opened at $35.12 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.51 and a quick ratio of 1.89. The company has a 50-day moving average of $35.17 and a 200 day moving average of $33.85. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 0.80 and a beta of 1.12. Federated Hermes has a 1 year low of $30.23 and a 1 year high of $45.55.
Federated Hermes (NYSE:FHI – Get Free Report) last posted its quarterly earnings data on Friday, January 26th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.12. Federated Hermes had a net margin of 18.58% and a return on equity of 26.76%. The company had revenue of $391.50 million for the quarter, compared to the consensus estimate of $396.97 million. During the same quarter last year, the firm posted $0.90 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Federated Hermes will post 3.64 earnings per share for the current fiscal year.
Federated Hermes Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 8th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.12 dividend on an annualized basis and a yield of 3.19%. Federated Hermes’s payout ratio is 32.84%.
Federated Hermes Company Profile
(Get Free Report
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.
Further Reading
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