Federated Hermes, Inc. (NYSE:FHI) Given Average Rating of "Hold" by Analysts

Shares of Federated Hermes, Inc. (NYSE:FHI - Get Free Report) have received a consensus recommendation of "Hold" from the six brokerages that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $42.17.

FHI has been the topic of a number of recent research reports. UBS Group increased their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. StockNews.com lowered shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 26th. Evercore ISI boosted their price target on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. TD Cowen upgraded shares of Federated Hermes from a "hold" rating to a "buy" rating and upped their price target for the company from $35.00 to $46.00 in a research report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $43.00 price objective (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th.

Insider Buying and Selling at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $39.86, for a total value of $484,378.72. Following the completion of the transaction, the chief executive officer now owns 179,096 shares of the company's stock, valued at approximately $7,138,766.56. This represents a 6.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul A. Uhlman sold 6,311 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.39, for a total value of $261,212.29. Following the completion of the transaction, the vice president now owns 310,767 shares of the company's stock, valued at approximately $12,862,646.13. The trade was a 1.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,280 shares of company stock valued at $1,185,871. 3.70% of the stock is currently owned by company insiders.

Institutional Trading of Federated Hermes

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Montreal Can boosted its stake in Federated Hermes by 102.7% during the second quarter. Bank of Montreal Can now owns 282,995 shares of the company's stock worth $9,308,000 after acquiring an additional 143,363 shares in the last quarter. GAMMA Investing LLC lifted 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 valued at $39,000 after purchasing an additional 349 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Federated Hermes by 24.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company's stock worth $28,282,000 after purchasing an additional 152,926 shares in the last quarter. Factorial Partners LLC grew its stake in shares of Federated Hermes by 11.5% in the 3rd quarter. Factorial Partners LLC now owns 160,239 shares of the company's stock worth $5,892,000 after buying an additional 16,500 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Federated Hermes by 228.6% in the 3rd quarter. Barclays PLC now owns 215,650 shares of the company's stock worth $7,930,000 after buying an additional 150,017 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Federated Hermes Price Performance

FHI stock traded down $0.44 during midday trading on Monday, reaching $37.90. The company had a trading volume of 816,920 shares, compared to its average volume of 678,903. The firm has a 50-day moving average price of $41.59 and a 200-day moving average price of $37.42. The company has a market capitalization of $3.10 billion, a P/E ratio of 12.19, a P/E/G ratio of 1.19 and a beta of 1.16. Federated Hermes has a 1 year low of $31.24 and a 1 year high of $43.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.75 and a quick ratio of 2.03.

Federated Hermes (NYSE:FHI - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.14. The business had revenue of $408.46 million for the quarter, compared to analysts' expectations of $410.26 million. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The firm's revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 earnings per share. On average, research analysts anticipate that Federated Hermes will post 3.88 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Friday, November 8th. Federated Hermes's dividend payout ratio (DPR) is currently 39.87%.

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.