Zacks Research Issues Optimistic Forecast for FHI Earnings

Federated Hermes, Inc. (NYSE:FHI - Free Report) - Zacks Research raised their Q4 2024 earnings estimates for Federated Hermes in a research note issued on Tuesday, November 12th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $0.85 for the quarter, up from their prior forecast of $0.84. The consensus estimate for Federated Hermes' current full-year earnings is $3.83 per share. Zacks Research also issued estimates for Federated Hermes' Q2 2025 earnings at $1.01 EPS, Q3 2025 earnings at $1.03 EPS, Q1 2026 earnings at $0.97 EPS and Q2 2026 earnings at $1.05 EPS.

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 company had revenue of $408.46 million during the quarter, compared to the consensus estimate of $410.26 million. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. Federated Hermes's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 earnings per share.

Several other equities research analysts have also commented on FHI. StockNews.com cut Federated Hermes from a "strong-buy" rating to a "buy" rating in a report on Thursday, November 7th. TD Cowen raised shares of Federated Hermes from a "hold" rating to a "buy" rating and increased their price objective for the company from $35.00 to $46.00 in a research note on Monday, October 28th. UBS Group upped their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Federated Hermes from $43.00 to $45.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Evercore ISI increased their target price on Federated Hermes from $41.00 to $43.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.33.

Federated Hermes Price Performance

FHI stock traded up $0.36 during trading on Thursday, reaching $42.01. 346,047 shares of the company were exchanged, compared to its average volume of 712,564. Federated Hermes has a 52-week low of $31.08 and a 52-week high of $42.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75. The company has a market cap of $3.44 billion, a P/E ratio of 13.51, a PEG ratio of 1.21 and a beta of 1.15. The stock's 50 day moving average price is $37.60 and its 200 day moving average price is $34.73.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Friday, November 8th. Federated Hermes's dividend payout ratio is currently 39.87%.

Insider Activity

In related news, VP Dolores D. Dudiak sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total value of $199,450.00. Following the sale, the vice president now directly owns 77,288 shares of the company's stock, valued at approximately $3,083,018.32. This trade represents a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the firm's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $39.86, for a total value of $484,378.72. Following the transaction, the chief executive officer now directly owns 179,096 shares of the company's stock, valued at $7,138,766.56. This trade represents a 6.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Dolores D. Dudiak sold 5,000 shares of the company's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the completion of the sale, the vice president now directly owns 77,288 shares of the company's stock, valued at $3,083,018.32. The trade was a 6.08 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On Federated Hermes

Several hedge funds and other institutional investors have recently bought and sold shares of FHI. Headlands Technologies LLC grew its stake in shares of Federated Hermes by 607.7% during the first quarter. Headlands Technologies LLC now owns 828 shares of the company's stock valued at $30,000 after acquiring an additional 711 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Federated Hermes by 49.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company's stock valued at $39,000 after purchasing an additional 349 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Federated Hermes in the 2nd quarter valued at about $47,000. CWM LLC grew its stake in Federated Hermes by 985.7% in the second quarter. CWM LLC now owns 1,444 shares of the company's stock worth $47,000 after purchasing an additional 1,311 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Federated Hermes by 26.0% in the second quarter. UMB Bank n.a. now owns 1,436 shares of the company's stock valued at $47,000 after buying an additional 296 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

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.