Federated Hermes (NYSE:FHI) Upgraded at Argus

Argus upgraded shares of Federated Hermes (NYSE:FHI) to a hold rating in a research report report published on Monday morning,Zacks.com reports.

A number of other equities analysts have also recently issued reports on FHI. Wall Street Zen cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. TD Cowen reissued a “hold” rating on shares of Federated Hermes in a research note on Wednesday, January 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a research note on Thursday, January 22nd. Zacks Research lowered shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Federated Hermes from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $55.00.

Federated Hermes Stock Performance

Shares of NYSE:FHI opened at $53.13 on Monday. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 0.51 and a beta of 0.74. Federated Hermes has a 12 month low of $35.05 and a 12 month high of $55.13. The firm’s 50-day moving average is $52.60 and its 200 day moving average is $51.63. The company has a current ratio of 2.75, a quick ratio of 2.58 and a debt-to-equity ratio of 0.29.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings data on Thursday, January 29th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The business had revenue of $482.83 million during the quarter, compared to the consensus estimate of $468.45 million. Federated Hermes had a net margin of 22.40% and a return on equity of 34.25%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 earnings per share. Research analysts predict that Federated Hermes will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, February 6th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, February 6th. Federated Hermes’s dividend payout ratio is presently 26.46%.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, insider Richard A. Novak sold 1,249 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $47.85, for a total transaction of $59,764.65. Following the transaction, the insider owned 57,500 shares of the company’s stock, valued at approximately $2,751,375. This trade represents a 2.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Dolores D. Dudiak sold 999 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $47.87, for a total transaction of $47,822.13. Following the completion of the sale, the vice president directly owned 88,223 shares of the company’s stock, valued at $4,223,235.01. The trade was a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 6,709 shares of company stock valued at $321,046. Company insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Torren Management LLC purchased a new stake in Federated Hermes during the fourth quarter valued at approximately $25,000. MAI Capital Management increased its position in shares of Federated Hermes by 86.7% during the third quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $25,000 after purchasing an additional 221 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Federated Hermes by 97.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $45,000 after purchasing an additional 430 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Federated Hermes in the 2nd quarter worth $46,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Federated Hermes during the 2nd quarter worth $56,000. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Federated Hermes Company Profile

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.