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

Federated Hermes, Inc. (NYSE:FHI) has been given an average rating of “Hold” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $42.17.

Several brokerages have commented on FHI. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $43.00 target price (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Evercore ISI set a $44.00 price objective on Federated Hermes in a report on Monday, February 3rd. StockNews.com downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday. UBS Group boosted their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th.

Federated Hermes Price Performance

FHI opened at $36.94 on Friday. The firm has a market cap of $3.00 billion, a PE ratio of 11.58, a P/E/G ratio of 1.00 and a beta of 0.84. The stock has a 50-day moving average price of $39.11 and a 200-day moving average price of $39.53. 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 2.70 and a quick ratio of 2.03.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that Federated Hermes will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.24 annualized dividend and a yield of 3.36%. Federated Hermes’s dividend payout ratio (DPR) is 38.87%.

Insider Buying and Selling at Federated Hermes

In related 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 transaction, the chief executive officer now directly owns 179,096 shares in the company, valued at approximately $6,950,715.76. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Walleye Capital LLC boosted its position in shares of Federated Hermes by 4.1% in the fourth quarter. Walleye Capital LLC now owns 6,877 shares of the company’s stock worth $283,000 after purchasing an additional 269 shares during the period. Amalgamated Bank boosted its holdings in Federated Hermes by 1.0% in the 4th quarter. Amalgamated Bank now owns 32,614 shares of the company’s stock worth $1,341,000 after buying an additional 313 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Federated Hermes by 2.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock worth $612,000 after buying an additional 340 shares in the last quarter. MBM Wealth Consultants LLC raised its holdings in Federated Hermes by 6.8% during the fourth quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company’s stock valued at $306,000 after acquiring an additional 474 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Federated Hermes by 4.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,324 shares of the company’s stock valued at $424,000 after acquiring an additional 474 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

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.