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

Shares of Federated Hermes, Inc. (NYSE:FHI) have earned a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $55.00.

Several equities analysts have commented on the stock. Argus raised shares of Federated Hermes to a “hold” rating in a report on Monday, February 2nd. Zacks Research downgraded shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $55.00 price target (up previously from $54.00) on shares of Federated Hermes in a research note on Tuesday, February 3rd. TD Cowen restated a “hold” rating on shares of Federated Hermes in a research note on Wednesday, January 14th. Finally, Wall Street Zen cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st.

Insider Activity

In other news, insider Richard A. Novak sold 1,249 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $47.85, for a total transaction of $59,764.65. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Saker Anwar Nusseibeh sold 4,461 shares of Federated Hermes stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $47.85, for a total transaction of $213,458.85. Following the transaction, the chief executive officer owned 161,578 shares in the company, valued at approximately $7,731,507.30. This trade represents a 2.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 6,709 shares of company stock valued at $321,046. 3.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Burney Co. boosted its stake in Federated Hermes by 11.8% in the 3rd quarter. Burney Co. now owns 135,132 shares of the company’s stock worth $7,017,000 after purchasing an additional 14,253 shares during the period. Seizert Capital Partners LLC grew its position in Federated Hermes by 47.2% in the third quarter. Seizert Capital Partners LLC now owns 82,524 shares of the company’s stock worth $4,285,000 after acquiring an additional 26,459 shares in the last quarter. Vest Financial LLC bought a new position in shares of Federated Hermes during the 3rd quarter valued at about $1,397,000. Allianz Asset Management GmbH raised its stake in shares of Federated Hermes by 19.9% during the third quarter. Allianz Asset Management GmbH now owns 1,008,221 shares of the company’s stock worth $52,357,000 after acquiring an additional 167,225 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in Federated Hermes by 3,592.3% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 46,412 shares of the company’s stock worth $2,410,000 after purchasing an additional 45,155 shares during the last quarter. 75.94% of the stock is owned by institutional investors.

Federated Hermes Trading Up 2.1%

Shares of NYSE:FHI opened at $55.43 on Tuesday. The business’s 50 day simple moving average is $53.16 and its 200 day simple moving average is $51.93. Federated Hermes has a 1 year low of $35.05 and a 1 year high of $55.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.58. The company has a market capitalization of $4.30 billion, a P/E ratio of 10.78, a P/E/G ratio of 0.54 and a beta of 0.74.

Federated Hermes (NYSE:FHI) last released its earnings results 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. Federated Hermes had a return on equity of 34.25% and a net margin of 22.40%.The company had revenue of $482.83 million for the quarter, compared to analyst estimates of $468.45 million. During the same period in the prior year, the firm posted $1.04 EPS. Federated Hermes’s quarterly revenue was up 13.7% on a year-over-year basis. On average, research analysts anticipate that Federated Hermes will post 4.04 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, February 6th. Federated Hermes’s dividend payout ratio is presently 26.46%.

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.