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

Shares of Federated Hermes, Inc. (NYSE:FHI - Get Free Report) have been assigned an average rating of "Hold" from the six ratings firms that are currently covering the company, 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 1-year price objective among brokerages that have issued ratings on the stock in the last year is $41.17.

Several equities analysts have recently commented on FHI shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. UBS Group increased their target price on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. StockNews.com downgraded Federated Hermes from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 1st. Evercore ISI reduced their price objective on Federated Hermes from $42.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th.

Federated Hermes Stock Performance

Shares of FHI opened at $37.19 on Wednesday. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.00 and a beta of 0.84. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. The business's 50 day moving average is $38.60 and its two-hundred day moving average is $39.59. Federated Hermes has a 52-week low of $31.24 and a 52-week high of $43.92.

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

Federated Hermes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.33%. The ex-dividend date was Friday, February 7th. Federated Hermes's dividend payout ratio is presently 38.87%.

Insider Activity

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes 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 sale, the chief executive officer now directly owns 179,096 shares in the company, valued at $6,950,715.76. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.80% of the company's stock.

Institutional Investors Weigh In On Federated Hermes

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Federated Hermes during the fourth quarter worth approximately $292,000. Inspire Investing LLC acquired a new position in Federated Hermes during the 4th quarter worth $829,000. Charles Schwab Investment Management Inc. grew its stake in shares of Federated Hermes by 19.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock worth $37,618,000 after purchasing an additional 145,878 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Federated Hermes during the fourth quarter valued at $461,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Federated Hermes during the fourth quarter valued at about $585,000. Institutional investors and hedge funds own 75.94% of the company's stock.

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.

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