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

Shares of Federated Hermes, Inc. (NYSE:FHI) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $38.29.

Several equities research analysts have recently commented on FHI shares. Evercore ISI cut their price objective on Federated Hermes from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price objective on shares of Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Finally, UBS Group boosted their price objective on shares of Federated Hermes from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th.

Insider Transactions at Federated Hermes

In other news, VP Paul A. Uhlman sold 994 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $31.43, for a total transaction of $31,241.42. Following the completion of the sale, the vice president now owns 298,578 shares in the company, valued at $9,384,306.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Federated Hermes news, VP Paul A. Uhlman sold 994 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $31.43, for a total transaction of $31,241.42. Following the transaction, the vice president now owns 298,578 shares in the company, valued at approximately $9,384,306.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paul A. Uhlman sold 975 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $33.00, for a total transaction of $32,175.00. Following the completion of the sale, the vice president now directly owns 299,572 shares of the company’s stock, valued at approximately $9,885,876. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,361 shares of company stock worth $76,360. 3.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp raised its stake in Federated Hermes by 71.1% in the fourth quarter. Fifth Third Bancorp now owns 739 shares of the company’s stock valued at $25,000 after purchasing an additional 307 shares in the last quarter. Headlands Technologies LLC raised its position in shares of Federated Hermes by 607.7% in the 1st quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock valued at $30,000 after buying an additional 711 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Federated Hermes by 216.4% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,041 shares of the company’s stock worth $35,000 after acquiring an additional 712 shares during the period. Signaturefd LLC boosted its position in shares of Federated Hermes by 65.7% during the 4th quarter. Signaturefd LLC now owns 1,382 shares of the company’s stock worth $47,000 after acquiring an additional 548 shares in the last quarter. Finally, Neo Ivy Capital Management increased its stake in Federated Hermes by 637.5% in the fourth quarter. Neo Ivy Capital Management now owns 1,416 shares of the company’s stock valued at $48,000 after acquiring an additional 1,224 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Stock Up 0.2 %

Federated Hermes stock opened at $32.65 on Thursday. The company has a fifty day simple moving average of $32.93 and a 200 day simple moving average of $34.27. The company has a current ratio of 3.39, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30. Federated Hermes has a 1-year low of $30.23 and a 1-year high of $37.31. The company has a market cap of $2.75 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 1.10 and a beta of 1.17.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, April 25th. The company reported $0.89 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.89. Federated Hermes had a return on equity of 27.00% and a net margin of 18.75%. The business had revenue of $396.37 million for the quarter, compared to analyst estimates of $400.26 million. Federated Hermes’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 earnings per share. Research analysts anticipate that Federated Hermes will post 3.6 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The business also recently disclosed a None dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th were given a $1.31 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This is a positive change from Federated Hermes’s previous None dividend of $1.27. This represents a dividend yield of 3.8%. Federated Hermes’s dividend payout ratio is presently 35.23%.

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.