Federated Hermes, Inc. (NYSE:FHI) Receives Average Rating of "Hold" from Analysts

Federated Hermes, Inc. (NYSE:FHI - Get Free Report) has received a consensus recommendation of "Hold" from the six research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $42.33.

FHI has been the topic of a number of recent research reports. Evercore ISI lifted their price target on Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Royal Bank of Canada lifted their price target on shares of Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Wall Street Zen raised shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th. Finally, TD Cowen downgraded Federated Hermes from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th.

Federated Hermes Trading Up 1.1%

Shares of FHI traded up $0.45 during trading hours on Thursday, hitting $42.81. 1,528,221 shares of the stock traded hands, compared to its average volume of 736,800. Federated Hermes has a 1-year low of $31.24 and a 1-year high of $43.92. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $3.39 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 1.00 and a beta of 0.78. The business has a fifty day moving average of $40.56 and a 200-day moving average of $40.15.

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

Federated Hermes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, May 8th. This represents a $1.36 annualized dividend and a dividend yield of 3.18%. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's payout ratio is currently 38.31%.

Insider Buying and Selling at Federated Hermes

In other news, VP Paul A. Uhlman sold 6,057 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $42.14, for a total value of $255,241.98. Following the completion of the transaction, the vice president now directly owns 316,930 shares of the company's stock, valued at approximately $13,355,430.20. The trade was a 1.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.80% of the company's stock.

Institutional Investors Weigh In On Federated Hermes

Several hedge funds have recently bought and sold shares of FHI. Vanguard Group Inc. boosted its holdings in Federated Hermes by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 8,760,811 shares of the company's stock valued at $357,178,000 after purchasing an additional 265,590 shares during the last quarter. FMR LLC grew its position in shares of Federated Hermes by 4.5% during the fourth quarter. FMR LLC now owns 5,919,888 shares of the company's stock worth $243,367,000 after buying an additional 253,553 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Federated Hermes by 249.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,199,554 shares of the company's stock valued at $130,446,000 after purchasing an additional 2,284,509 shares during the last quarter. Invesco Ltd. raised its stake in Federated Hermes by 6.2% in the first quarter. Invesco Ltd. now owns 2,367,754 shares of the company's stock valued at $96,533,000 after buying an additional 137,248 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in Federated Hermes by 0.9% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,904,596 shares of the company's stock valued at $77,650,000 after purchasing an additional 16,333 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company's stock.

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.