Federated Hermes, Inc. (NYSE:FHI) Receives Consensus Recommendation of "Hold" from Brokerages

Federated Hermes, Inc. (NYSE:FHI - Get Free Report) has received an average rating of "Hold" from the six analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $42.17.

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada lowered their target price on shares of Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a report on Tuesday, January 28th. JPMorgan Chase & Co. restated an "underweight" rating and set a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. Evercore ISI set a $44.00 price target on Federated Hermes in a research note on Monday, February 3rd. Finally, UBS Group lifted their price objective on Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd.

Federated Hermes Trading Up 0.0 %

Shares of Federated Hermes stock traded up $0.02 during trading hours on Friday, reaching $40.94. 74,263 shares of the company's stock were exchanged, compared to its average volume of 726,565. Federated Hermes has a 52-week low of $31.24 and a 52-week high of $43.92. The company has a fifty day moving average of $39.05 and a 200-day moving average of $39.50. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10.

Federated Hermes (NYSE:FHI - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. Sell-side analysts forecast that Federated Hermes will post 4.04 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes's dividend payout ratio (DPR) is presently 38.87%.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $38.81, for a total value of $215,240.26. Following the completion of the transaction, the chief executive officer now directly owns 179,096 shares of the company's stock, valued at $6,950,715.76. This represents a 3.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP acquired a new position in Federated Hermes during the 4th quarter worth $37,000. R Squared Ltd acquired a new position in Federated Hermes in the fourth quarter worth about $43,000. Sound Income Strategies LLC acquired a new position in Federated Hermes in the fourth quarter worth about $53,000. Neo Ivy Capital Management acquired a new stake in Federated Hermes during the third quarter valued at approximately $60,000. Finally, GAMMA Investing LLC lifted its holdings in Federated Hermes by 60.9% during the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company's stock worth $70,000 after buying an additional 646 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company's stock.

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.