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

Shares of Federated Hermes, Inc. (NYSE:FHI) have received a consensus recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $42.17.

Several equities research analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. StockNews.com lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 26th. UBS Group increased their price objective on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $42.00 target price (down from $49.00) on shares of Federated Hermes in a research report on Tuesday, January 7th.

Insider Activity at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $39.86, for a total transaction of $484,378.72. Following the sale, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at $7,138,766.56. The trade was a 6.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard A. Novak sold 1,363 shares of the firm’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 value of $56,523.61. Following the completion of the sale, the insider now directly owns 53,837 shares of the company’s stock, valued at $2,232,620.39. The trade was a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,280 shares of company stock valued at $1,185,871. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of Federated Hermes

Several hedge funds and other institutional investors have recently bought and sold shares of FHI. State of Alaska Department of Revenue boosted its stake in Federated Hermes by 3.1% during the third quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company’s stock worth $336,000 after buying an additional 275 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Federated Hermes by 2.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock worth $612,000 after purchasing an additional 340 shares during the period. GAMMA Investing LLC grew its holdings in Federated Hermes by 49.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after purchasing an additional 349 shares during the last quarter. MBM Wealth Consultants LLC raised its position in Federated Hermes by 6.8% in the 4th quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company’s stock worth $306,000 after purchasing an additional 474 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in Federated Hermes by 23.3% in the second quarter. Acadian Asset Management LLC now owns 3,402 shares of the company’s stock worth $111,000 after purchasing an additional 643 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Federated Hermes Stock Down 0.3 %

Shares of NYSE FHI opened at $38.14 on Monday. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 0.99 and a beta of 1.16. The firm’s fifty day moving average is $41.31 and its 200 day moving average is $37.57. 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 has a 52 week low of $31.24 and a 52 week high of $43.92.

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

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were paid a $0.31 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.24 annualized dividend and a yield of 3.25%. Federated Hermes’s payout ratio is 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.