Zacks Research Has Optimistic Outlook of FHI Q4 Earnings

Federated Hermes, Inc. (NYSE:FHI) – Stock analysts at Zacks Research upped their Q4 2024 earnings estimates for shares of Federated Hermes in a research note issued to investors on Tuesday, November 12th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $0.85 for the quarter, up from their prior estimate of $0.84. The consensus estimate for Federated Hermes’ current full-year earnings is $3.83 per share. Zacks Research also issued estimates for Federated Hermes’ Q2 2025 earnings at $1.01 EPS, Q3 2025 earnings at $1.03 EPS, Q1 2026 earnings at $0.97 EPS and Q2 2026 earnings at $1.05 EPS.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The business had revenue of $408.46 million for the quarter, compared to the consensus estimate of $410.26 million. During the same period last year, the business posted $0.86 EPS. The business’s revenue was up 1.4% compared to the same quarter last year.

Several other brokerages have also commented on FHI. Royal Bank of Canada increased their price objective on shares of Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a research report on Monday, October 28th. UBS Group lifted their price objective on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Evercore ISI boosted their target price on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.33.

Federated Hermes Trading Up 0.4 %

NYSE:FHI opened at $42.18 on Thursday. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.17 and a beta of 1.15. Federated Hermes has a 52 week low of $31.08 and a 52 week high of $42.56. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $37.75 and a 200 day moving average of $34.78.

Federated Hermes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.94%. Federated Hermes’s payout ratio is currently 39.87%.

Insider Activity

In related news, CEO Saker Anwar Nusseibeh sold 12,152 shares of Federated Hermes stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $39.86, for a total transaction of $484,378.72. Following the transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $7,138,766.56. This trade represents a 6.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the transaction, the vice president now owns 77,288 shares in the company, valued at approximately $3,083,018.32. This represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

A number of institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC lifted its stake in Federated Hermes by 607.7% during the 1st quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock worth $30,000 after acquiring an additional 711 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Federated Hermes by 49.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after purchasing an additional 349 shares during the period. Mather Group LLC. acquired a new position in shares of Federated Hermes in the second quarter valued at approximately $47,000. UMB Bank n.a. lifted its holdings in Federated Hermes by 26.0% during the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock worth $47,000 after buying an additional 296 shares in the last quarter. Finally, CWM LLC boosted its position in Federated Hermes by 985.7% in the 2nd quarter. CWM LLC now owns 1,444 shares of the company’s stock valued at $47,000 after buying an additional 1,311 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.