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

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

Several equities analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. Evercore ISI lifted their price target on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group upped their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $46.00 in a report on Monday, October 28th. Finally, StockNews.com raised shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 18th.

Insiders Place Their Bets

In other Federated Hermes news, 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 of the company’s stock, valued at $7,138,766.56. This represents a 6.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Dolores D. Dudiak sold 5,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the transaction, the vice president now owns 77,288 shares in the company, valued at $3,083,018.32. The trade was a 6.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,280 shares of company stock valued at $1,185,871. 3.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC increased its stake in Federated Hermes by 267.9% during the 2nd quarter. SG Americas Securities LLC now owns 26,820 shares of the company’s stock worth $882,000 after acquiring an additional 19,530 shares during the period. Tidal Investments LLC acquired a new stake in shares of Federated Hermes during the 1st quarter worth $1,419,000. Assenagon Asset Management S.A. increased its position in shares of Federated Hermes by 39.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,142,192 shares of the company’s stock worth $37,555,000 after purchasing an additional 324,958 shares during the period. Bank of Montreal Can lifted its position in Federated Hermes by 102.7% during the second quarter. Bank of Montreal Can now owns 282,995 shares of the company’s stock worth $9,308,000 after purchasing an additional 143,363 shares during the period. Finally, GAMMA Investing LLC grew its stake in Federated Hermes by 49.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after buying an additional 349 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

Federated Hermes Trading Up 1.5 %

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

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.92 by $0.14. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The business had revenue of $408.46 million for the quarter, compared to the consensus estimate of $410.26 million. During the same quarter last year, the business posted $0.86 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. Equities research analysts anticipate that Federated Hermes will post 3.88 EPS for the current year.

Federated Hermes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.93%. Federated Hermes’s dividend payout ratio is 39.87%.

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.