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

Shares of Federated Hermes, Inc. (NYSE:FHI - Get Free Report) have been given an average recommendation of "Hold" by the six research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $42.33.

A number of analysts recently issued reports on FHI shares. Evercore ISI lifted their price target on shares of Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Wall Street Zen upgraded shares of Federated Hermes from a "buy" rating to a "strong-buy" 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 stock a "sector perform" rating in a research note on Wednesday, May 7th. Finally, TD Cowen lowered shares of Federated Hermes from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th.

Federated Hermes Trading Down 1.5%

NYSE FHI traded down $0.65 during mid-day trading on Thursday, hitting $42.18. The company's stock had a trading volume of 722,110 shares, compared to its average volume of 736,215. Federated Hermes has a 52-week low of $31.24 and a 52-week high of $43.92. The stock's fifty day simple moving average is $40.82 and its two-hundred day simple moving average is $40.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. The firm has a market capitalization of $3.34 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 1.00 and a beta of 0.78.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $423.54 million for 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 business's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share. Research analysts expect that Federated Hermes will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were paid a dividend of $0.34 per share. This is a boost from Federated Hermes's previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Thursday, May 8th. Federated Hermes's payout ratio is currently 38.31%.

Insider Activity at Federated Hermes

In related news, VP Paul A. Uhlman sold 6,057 shares of Federated Hermes stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $42.14, for a total transaction of $255,241.98. Following the sale, the vice president now directly owns 316,930 shares in the company, valued at $13,355,430.20. The trade was a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.80% of the company's stock.

Institutional Investors Weigh In On Federated Hermes

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bayforest Capital Ltd bought a new stake in Federated Hermes in the first quarter worth about $540,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Federated Hermes by 11.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 239,613 shares of the company's stock worth $9,769,000 after buying an additional 24,960 shares during the period. Empowered Funds LLC acquired a new stake in Federated Hermes during the 1st quarter worth about $14,048,000. United Services Automobile Association acquired a new stake in Federated Hermes during the 1st quarter worth about $220,000. Finally, Jones Financial Companies Lllp raised its holdings in Federated Hermes by 236.0% during the 1st quarter. Jones Financial Companies Lllp now owns 8,890 shares of the company's stock worth $362,000 after buying an additional 6,244 shares during the period. 75.94% of the stock is currently 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.