Federated Hermes (FHI) Stock Price, News & Analysis

Company Overview

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. Through its subsidiaries, it manages separate client-focused equity, fixed income, balanced and money market mutual funds along with separate client-focused equity, fixed income, money market, and balanced portfolios. Through its subsidiaries, the firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of small-cap, mid-cap, and large-cap companies. The firm makes its fixed income investments in ultra-short, short-term, and intermediate-term mortgage-backed, U.S. Government, U.S. corporate, high yield, and municipal securities. It employs both fundamental and quantitative analysis to make its equity investments. Federated Hermes, Inc. was founded in 1955 and is based in Pittsburgh, Pennsylvania with additional offices in New York City and London, United Kingdom.

Key Stats

• Today's Range: $41.71 to $42.46
• 50-Day Range: $35.23 to $42.34
• 52-Week Range: $31.08 to $42.56
• Volume: 432,019 shs
• Average Volume: 708,173 shs
• Market Capitalization: $3.46 billion
• P/E Ratio: 13.61
• Dividend Yield: 2.93%
• Price Target: $43.33
• Consensus Rating: Moderate Buy

Federated Hermes Stock Analysis - MarketRank™

Federated Hermes scored higher than 95% of companies evaluated by MarketBeat, and ranked 55th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Federated Hermes has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Federated Hermes has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.02%

Earnings Growth

Earnings for Federated Hermes are expected to grow by 9.02% in the coming year, from $3.88 to $4.23 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Federated Hermes is 13.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of Federated Hermes is 13.61, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.77.

Price to Earnings Growth Ratio

Federated Hermes has a PEG Ratio of 1.15. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Federated Hermes has a P/B Ratio of 3.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.44% of the float of Federated Hermes has been sold short.

Short Interest Ratio / Days to Cover

Federated Hermes has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Federated Hermes has recently decreased by 34.59%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Federated Hermes pays a meaningful dividend of 2.99%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Federated Hermes does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Federated Hermes is 39.87%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Federated Hermes will have a dividend payout ratio of 29.31% next year. This indicates that Federated Hermes will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.5 / 5
• Environmental Score: -0.58

Percentage of Shares Shorted

2.44% of the float of Federated Hermes has been sold short.

Short Interest Ratio / Days to Cover

Federated Hermes has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Federated Hermes has recently decreased by 34.59%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.75

News Sentiment

Federated Hermes has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Federated Hermes this week, compared to 5 articles on an average week.

Search Interest

3 people have searched for FHI on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

1 people have added Federated Hermes to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Federated Hermes insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,185,871.00 in company stock.

Percentage Held by Insiders

Only 3.70% of the stock of Federated Hermes is held by insiders.

Percentage Held by Institutions

75.94% of the stock of Federated Hermes is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FHI Stock Analysis - Frequently Asked Questions

How have FHI shares performed this year?

Federated Hermes' stock was trading at $33.86 at the beginning of the year. Since then, FHI shares have increased by 25.0% and is now trading at $42.34.
View the best growth stocks for 2024 here.

How were Federated Hermes' earnings last quarter?

Federated Hermes, Inc. (NYSE:FHI) posted its earnings results on Thursday, October, 24th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.14. The firm's revenue was up 1.4% compared to the same quarter last year.

Does Federated Hermes have any subsidiaries?

Federated Hermes subsidiaries include these companies: Federated Administrative Services, Federated Advisory Services Company, Federated Asset Management GmbH, Federated Equity Management Company of Pennsylvania, Federated Global Holdings LLC, Federated Global Investment Management Corp., Federated Holdings (UK) Limited, and more.

Who are Federated Hermes' major shareholders?

Federated Hermes' top institutional shareholders include FMR LLC (6.93%), State Street Corp (2.29%), Geode Capital Management LLC (1.53%) and Assenagon Asset Management S.A. (1.04%). Insiders that own company stock include Thomas R Donahue, John B Fisher, Paul A Uhlman, J Christopher Donahue, Peter J Germain, Saker Anwar Nusseibeh, Gordon J Ceresino, Dolores D Dudiak, Richard A Novak, Michael J Farrell and Meter Stephen Van.
View institutional ownership trends.

How do I buy shares of Federated Hermes?

Shares of FHI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Federated Hermes own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Federated Hermes investors own include McKesson (MCK), Bristol-Myers Squibb (BMY), Chevron (CVX), Charles Schwab (SCHW), Comcast (CMCSA), Edwards Lifesciences (EW) and Toronto-Dominion Bank (TD).

Company Calendar

• Last Earnings: 10/24/2024
• Ex-Dividend for 11/15 Dividend: 11/08/2024
• Dividend Payable: 11/15/2024
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/23/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Investment advice
• Sub-Industry: Trading
• Current Symbol: NYSE:FHI
• CUSIP: N/A
• CIK: 1056288
• Web: www.federatedinvestors.com
• Phone: (412) 288-1900
• Fax: 412-288-6823
• Employees: 2,025
• Year Founded: 1955

Price Target and Rating

• Average Stock Price Target: $43.33
• High Stock Price Target: $47.00
• Low Stock Price Target: $39.00
• Potential Upside/Downside: +2.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.11
• Trailing P/E Ratio: 13.61
• Forward P/E Ratio: 10.91
• P/E Growth: 1.15
• Net Income: $298.98 million
• Net Margins: 16.62%
• Pretax Margin: 24.18%
• Return on Equity: 29.85%
• Return on Assets: 16.05%

Debt

• Debt-to-Equity Ratio: 0.32
• Current Ratio: 2.75
• Quick Ratio: 2.03

Sales & Book Value

• Annual Sales: $1.60 billion
• Price / Sales: 2.17
• Cash Flow: $3.94 per share
• Price / Cash Flow: 10.75
• Book Value: $13.24 per share
• Price / Book: 3.20

Miscellaneous

• Outstanding Shares: 81,814,000
• Free Float: 78,787,000
• Market Cap: $3.46 billion
• Optionable: Not Optionable
• Beta: 1.15