Federated Hermes, Inc. (NYSE:FHI) Receives $48.17 Average PT from Brokerages

Key Points

• Federated Hermes, Inc. has received a consensus recommendation of "Hold" from seven analysts, with one analyst issuing a buy recommendation and an average target price of $48.17.
• The company declared a quarterly dividend of $0.34 on August 15, yielding 2.6% annually, with a dividend payout ratio of 30.16%.
• Federated Hermes reported $1.16 EPS for the last quarter, exceeding analysts' expectations, and a revenue increase of 5.5% year-over-year.

Federated Hermes, Inc. (NYSE:FHI - Get Free Report) has earned a consensus recommendation of "Hold" from the seven brokerages that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $48.1667.

Several research analysts recently issued reports on the company. Zacks Research cut Federated Hermes from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 12th. Royal Bank Of Canada raised their target price on shares of Federated Hermes from $45.00 to $51.00 and gave the stock a "sector perform" rating in a report on Thursday, August 14th. Wall Street Zen lowered Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Evercore ISI increased their price objective on Federated Hermes from $48.00 to $55.00 and gave the company an "outperform" rating in a research report on Friday, September 5th. Finally, JPMorgan Chase & Co. raised Federated Hermes from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $40.00 to $54.00 in a report on Monday, August 4th.

Institutional Investors Weigh In On Federated Hermes

Large investors have recently bought and sold shares of the business. Diversified Trust Co raised its holdings in Federated Hermes by 2.6% in the second quarter. Diversified Trust Co now owns 9,036 shares of the company's stock worth $400,000 after purchasing an additional 229 shares during the period. Hohimer Wealth Management LLC boosted its holdings in shares of Federated Hermes by 3.8% during the 1st quarter. Hohimer Wealth Management LLC now owns 6,795 shares of the company's stock worth $277,000 after buying an additional 249 shares during the period. CW Advisors LLC boosted its holdings in Federated Hermes by 3.8% in the 1st quarter. CW Advisors LLC now owns 7,168 shares of the company's stock valued at $292,000 after purchasing an additional 261 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Federated Hermes by 2.5% during the 1st quarter. Pacer Advisors Inc. now owns 11,900 shares of the company's stock worth $485,000 after acquiring an additional 286 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in Federated Hermes by 22.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,551 shares of the company's stock worth $63,000 after purchasing an additional 287 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

Federated Hermes Stock Up 0.4%

Shares of FHI traded up $0.19 on Friday, reaching $52.64. The company's stock had a trading volume of 150,436 shares, compared to its average volume of 804,026. Federated Hermes has a twelve month low of $35.05 and a twelve month high of $54.42. The company has a current ratio of 3.37, a quick ratio of 2.32 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $4.08 billion, a PE ratio of 11.68, a PEG ratio of 0.70 and a beta of 0.84. The firm has a fifty day moving average of $51.52 and a 200-day moving average of $44.85.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.99 by $0.17. The business had revenue of $424.84 million during the quarter, compared to analysts' expectations of $424.83 million. Federated Hermes had a net margin of 21.67% and a return on equity of 32.30%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 EPS. Equities analysts predict that Federated Hermes will post 4.04 EPS for the current year.

Federated Hermes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were given a dividend of $0.34 per share. The ex-dividend date was Friday, August 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.6%. Federated Hermes's payout ratio is 30.16%.

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.