Federated Hermes, Inc. (NYSE:FHI) Receives $43.33 Consensus Target Price from Brokerages

Shares of Federated Hermes, Inc. (NYSE:FHI) have received an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $43.33.

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, November 11th. TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $46.00 in a research note on Monday, October 28th. Royal Bank of Canada boosted their price target on shares of Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, UBS Group boosted their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $39.86, for a total transaction of $484,378.72. Following the sale, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at $7,138,766.56. The trade was a 6.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard A. Novak sold 1,363 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.47, for a total value of $56,523.61. Following the completion of the sale, the insider now directly owns 53,837 shares of the company’s stock, valued at approximately $2,232,620.39. This trade represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,280 shares of company stock valued at $1,185,871. 3.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Federated Hermes

A number of large investors have recently made changes to their positions in FHI. State of Alaska Department of Revenue grew its position in Federated Hermes by 3.1% during the third quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company’s stock valued at $336,000 after purchasing an additional 275 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Federated Hermes by 26.0% during the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock valued at $47,000 after acquiring an additional 296 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Federated Hermes by 2.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock worth $612,000 after acquiring an additional 340 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Federated Hermes by 49.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after acquiring an additional 349 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Federated Hermes by 23.3% during the second quarter. Acadian Asset Management LLC now owns 3,402 shares of the company’s stock valued at $111,000 after purchasing an additional 643 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $42.86 on Friday. The firm’s 50-day simple moving average is $38.97 and its 200 day simple moving average is $35.33. The stock has a market cap of $3.51 billion, a P/E ratio of 13.78, a P/E/G ratio of 1.18 and a beta of 1.15. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32. Federated Hermes has a fifty-two week low of $31.08 and a fifty-two week high of $43.06.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.14. The company had revenue of $408.46 million for the quarter, compared to the consensus estimate of $410.26 million. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. Federated Hermes’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. Equities analysts expect that Federated Hermes will post 3.88 EPS for the current year.

Federated Hermes Dividend Announcement

The business also recently disclosed 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 of this dividend was Friday, November 8th. This represents a $1.24 annualized dividend and a yield of 2.89%. Federated Hermes’s payout ratio is presently 39.87%.

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.