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

Shares of Federated Hermes, Inc. (NYSE:FHI - Get Free Report) have been given a consensus recommendation of "Hold" by the six brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $42.17.

Several brokerages recently commented on FHI. StockNews.com upgraded shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday. UBS Group lifted their price objective on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Royal Bank of Canada decreased their target price on Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 28th. Evercore ISI set a $44.00 price target on Federated Hermes in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th.

Remove Ads

Federated Hermes Stock Down 0.3 %

NYSE FHI traded down $0.13 during trading on Tuesday, hitting $38.84. 1,056,582 shares of the company traded hands, compared to its average volume of 732,687. Federated Hermes has a 12 month low of $31.24 and a 12 month high of $43.92. The business has a fifty day simple moving average of $38.96 and a 200 day simple moving average of $38.72. The company has a market capitalization of $3.18 billion, a P/E ratio of 12.18, a PEG ratio of 1.00 and a beta of 1.10. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. As a group, sell-side analysts predict that Federated Hermes will post 4.04 EPS for the current year.

Federated Hermes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.19%. Federated Hermes's dividend payout ratio is currently 38.87%.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction on Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction 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 approximately $6,950,715.76. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On Federated Hermes

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Federated Hermes during the fourth quarter worth about $37,000. R Squared Ltd bought a new stake in Federated Hermes during the 4th quarter worth approximately $43,000. Sound Income Strategies LLC bought a new position in Federated Hermes in the 4th quarter valued at $53,000. Neo Ivy Capital Management bought a new position in Federated Hermes in the 3rd quarter valued at $60,000. Finally, GAMMA Investing LLC boosted its stake in Federated Hermes by 60.9% in the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company's stock worth $70,000 after purchasing an additional 646 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

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.