Federated Hermes, Inc. (NYSE:FHI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Federated Hermes, Inc. (NYSE:FHI) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $38.00.

FHI has been the topic of a number of recent research reports. StockNews.com upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating in a report on Friday. Evercore ISI raised their target price on shares of Federated Hermes from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday. TD Cowen lowered their target price on shares of Federated Hermes from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, July 29th. JPMorgan Chase & Co. increased their price target on Federated Hermes from $46.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, UBS Group decreased their price objective on Federated Hermes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th.

Insider Transactions at Federated Hermes

In other Federated Hermes news, VP John B. Fisher sold 79,830 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $32.71, for a total transaction of $2,611,239.30. Following the completion of the sale, the vice president now directly owns 442,570 shares in the company, valued at $14,476,464.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

A number of large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP boosted its position in Federated Hermes by 123.8% in the 4th quarter. GSA Capital Partners LLP now owns 69,821 shares of the company’s stock valued at $2,364,000 after buying an additional 38,630 shares during the last quarter. SG Americas Securities LLC increased its holdings in Federated Hermes by 267.9% during the 2nd quarter. SG Americas Securities LLC now owns 26,820 shares of the company’s stock worth $882,000 after purchasing an additional 19,530 shares during the last quarter. Tidal Investments LLC purchased a new stake in Federated Hermes during the 1st quarter worth approximately $1,419,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Federated Hermes in the 1st quarter valued at approximately $1,542,000. Finally, Ontario Teachers Pension Plan Board boosted its stake in shares of Federated Hermes by 103.0% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 58,726 shares of the company’s stock valued at $2,121,000 after buying an additional 29,793 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Federated Hermes Trading Up 2.0 %

Shares of Federated Hermes stock opened at $36.89 on Friday. Federated Hermes has a 1 year low of $30.23 and a 1 year high of $37.43. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.75 and a quick ratio of 2.09. The business has a 50 day moving average price of $34.56 and a 200 day moving average price of $34.06. The company has a market capitalization of $3.10 billion, a P/E ratio of 10.48, a P/E/G ratio of 1.44 and a beta of 1.16.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. The company had revenue of $402.60 million during the quarter, compared to analysts’ expectations of $400.35 million. Federated Hermes had a return on equity of 28.60% and a net margin of 15.90%. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 earnings per share. Sell-side analysts anticipate that Federated Hermes will post 3.62 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 8th were given a $0.31 dividend. This is a positive change from Federated Hermes’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Thursday, August 8th. Federated Hermes’s dividend payout ratio (DPR) is 35.23%.

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.