Federated Hermes (NYSE:FHI) Given New $41.00 Price Target at Evercore ISI

Federated Hermes (NYSE:FHI - Free Report) had its price objective lifted by Evercore ISI from $38.00 to $41.00 in a report published on Monday,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

A number of other equities research analysts have also commented on the company. Royal Bank of Canada dropped their price target on Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 28th. StockNews.com lowered shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. reissued an "underweight" rating and set a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Finally, UBS Group upped their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Federated Hermes currently has an average rating of "Hold" and a consensus price target of $41.67.

Federated Hermes Trading Up 0.3 %

NYSE FHI traded up $0.14 during trading on Monday, reaching $40.55. 998,371 shares of the stock traded hands, compared to its average volume of 728,886. Federated Hermes has a fifty-two week low of $31.24 and a fifty-two week high of $43.92. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. The stock's 50-day moving average price is $38.73 and its 200 day moving average price is $39.70.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.19. The company had revenue of $423.54 million during the quarter, compared to analyst estimates of $425.43 million. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. The firm's revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS. Analysts predict that Federated Hermes will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be given a $0.34 dividend. The ex-dividend date is Thursday, May 8th. This represents a $1.36 dividend on an annualized basis and a yield of 3.35%. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's dividend payout ratio (DPR) is 38.31%.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business's stock in a transaction that occurred 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 owns 179,096 shares of the company's stock, valued at $6,950,715.76. The trade was a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.80% of the company's stock.

Hedge Funds Weigh In On Federated Hermes

Several hedge funds and other institutional investors have recently made changes to their positions in FHI. Barclays PLC lifted its stake in Federated Hermes by 228.6% in the third quarter. Barclays PLC now owns 215,650 shares of the company's stock valued at $7,930,000 after acquiring an additional 150,017 shares during the last quarter. Passumpsic Savings Bank acquired a new stake in Federated Hermes in the 3rd quarter valued at about $206,000. Wilmington Savings Fund Society FSB bought a new position in Federated Hermes during the third quarter worth about $113,000. DGS Capital Management LLC increased its position in Federated Hermes by 4.7% during the third quarter. DGS Capital Management LLC now owns 20,715 shares of the company's stock worth $762,000 after buying an additional 931 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Federated Hermes by 60.9% during the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company's stock worth $70,000 after buying an additional 646 shares during 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.