Federated Hermes, Inc. (NYSE:FHI) Receives $42.33 Average Target Price from Analysts

Federated Hermes, Inc. (NYSE:FHI) has earned a consensus rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $42.33.

A number of research firms have issued reports on FHI. Evercore ISI increased their target price on shares of Federated Hermes from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Royal Bank of Canada increased their target price on Federated Hermes from $37.00 to $43.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 7th. Wall Street Zen upgraded shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 28th. Finally, TD Cowen lowered shares of Federated Hermes from a “buy” rating to a “hold” rating in a report on Wednesday, May 14th.

Insider Activity

In other Federated Hermes news, VP Paul A. Uhlman sold 6,057 shares of the business’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $42.14, for a total transaction of $255,241.98. Following the completion of the sale, the vice president now directly owns 316,930 shares in the company, valued at $13,355,430.20. The trade was a 1.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.80% of the company’s stock.

Institutional Trading of Federated Hermes

Several hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in shares of Federated Hermes by 246.6% in the 1st quarter. Farther Finance Advisors LLC now owns 863 shares of the company’s stock valued at $35,000 after purchasing an additional 614 shares in the last quarter. Quarry LP purchased a new position in Federated Hermes in the 4th quarter valued at about $37,000. Northwestern Mutual Wealth Management Co. grew its stake in Federated Hermes by 22.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,551 shares of the company’s stock valued at $63,000 after acquiring an additional 287 shares in the last quarter. Virtus Advisers LLC acquired a new stake in Federated Hermes during the first quarter worth about $72,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Federated Hermes in the fourth quarter valued at about $73,000. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Federated Hermes Stock Performance

NYSE FHI opened at $42.18 on Thursday. The business’s 50-day simple moving average is $40.82 and its 200-day simple moving average is $40.13. The firm has a market capitalization of $3.34 billion, a P/E ratio of 13.22, a P/E/G ratio of 1.00 and a beta of 0.78. Federated Hermes has a 1-year low of $31.24 and a 1-year high of $43.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, April 24th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.19. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. The firm had revenue of $423.54 million for the quarter, compared to analysts’ expectations of $425.43 million. During the same quarter last year, the company posted $0.89 earnings per share. Federated Hermes’s revenue was up 6.8% on a year-over-year basis. Equities analysts predict that Federated Hermes will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were given a dividend of $0.34 per share. This is a boost from Federated Hermes’s previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Thursday, May 8th. Federated Hermes’s dividend payout ratio (DPR) is presently 38.31%.

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.