Federated Hermes, Inc. (FHI) - What Are Analysts Saying About This Stock?

Key Points

• Analysts hold a consensus “Hold” rating on Federated Hermes, with five hold ratings, one sell, one buy and one strong buy. The average 12-month price target is $57.80.
• Federated Hermes exceeded quarterly expectations, reporting $1.38 EPS versus the $1.19 consensus estimate and revenue of $502.78 million, up 18.3% year over year.
• The company pays a quarterly dividend of $0.38, equivalent to $1.52 annually and a 2.7% yield; institutional investors own approximately 75.94% of the stock.

Shares of Federated Hermes, Inc. (NYSE:FHI - Get Free Report) have earned a consensus recommendation of "Hold" from the eight analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $57.80.

FHI has been the topic of several recent research reports. Zacks Research downgraded Federated Hermes from a "strong-buy" rating to a "hold" rating in a report on Friday, October 9th. Wall Street Zen downgraded shares of Federated Hermes from a "buy" rating to a "hold" rating in a research report on Saturday, October 17th. Evercore reissued an "outperform" rating and set a $65.00 target price on shares of Federated Hermes in a research note on Monday, August 10th. Royal Bank Of Canada raised their price target on shares of Federated Hermes from $54.00 to $57.00 and gave the stock a "sector perform" rating in a report on Thursday, July 2nd. Finally, TD Cowen decreased their price target on shares of Federated Hermes from $60.00 to $56.00 and set a "hold" rating for the company in a research note on Monday, October 12th.

Federated Hermes Trading Down 1.3%

Shares of FHI opened at $56.90 on Friday. The business's fifty day moving average is $59.23 and its 200-day moving average is $58.30. Federated Hermes has a 52-week low of $46.66 and a 52-week high of $67.20. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.89 and a current ratio of 2.59. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 1.50 and a beta of 0.66.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.19. The company had revenue of $502.78 million for the quarter, compared to analyst estimates of $488.34 million. Federated Hermes had a net margin of 21.30% and a return on equity of 34.03%. The firm's revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 EPS. Equities analysts anticipate that Federated Hermes will post 5.51 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 7th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, August 7th. Federated Hermes's dividend payout ratio is currently 28.25%.

Institutional Trading of Federated Hermes

A number of institutional investors and hedge funds have recently modified their holdings of FHI. Signaturefd LLC increased its holdings in Federated Hermes by 40.8% in the 3rd quarter. Signaturefd LLC now owns 12,584 shares of the company's stock worth $709,000 after acquiring an additional 3,647 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in Federated Hermes by 15.9% during the third quarter. Citizens Financial Group Inc. RI now owns 5,192 shares of the company's stock valued at $293,000 after purchasing an additional 711 shares during the last quarter. Kendall Capital Management lifted its stake in Federated Hermes by 7.7% during the third quarter. Kendall Capital Management now owns 131,570 shares of the company's stock worth $7,417,000 after purchasing an additional 9,460 shares during the last quarter. James Investment Research Inc. lifted its stake in Federated Hermes by 34.6% during the third quarter. James Investment Research Inc. now owns 12,052 shares of the company's stock worth $679,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of Federated Hermes by 30.8% in the 3rd quarter. Inspire Investing LLC now owns 65,329 shares of the company's stock worth $3,683,000 after purchasing an additional 15,401 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

About Federated Hermes

Federated Hermes, Inc is a global investment management company that provides asset management services to individuals, financial intermediaries, corporations, governments and other institutions. The company manages a range of investment strategies, including equity, fixed-income, money market, multi-asset, alternative and liquidity management products.

Its offerings are distributed through mutual funds, exchange-traded funds, separately managed accounts, collective investment trusts and institutional mandates.

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