Federated Hermes, Inc. (NYSE:FHI) Given Average Rating of "Hold" by 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 stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $41.67.

A number of analysts have commented on the stock. StockNews.com raised shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday. UBS Group raised their target price on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Evercore ISI raised their target price on Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $41.00 target price (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $43.00 target price (down from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th.

Federated Hermes Stock Performance

Shares of FHI traded down $0.25 during mid-day trading on Wednesday, hitting $39.85. 1,190,647 shares of the company traded hands, compared to its average volume of 732,475. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The stock has a 50-day moving average price of $38.63 and a two-hundred day moving average price of $39.69. Federated Hermes has a 1 year low of $31.24 and a 1 year high of $43.92. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 1.00 and a beta of 0.84.

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

Federated Hermes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, May 8th. 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 yield of 3.41%. Federated Hermes's dividend payout ratio (DPR) is currently 38.87%.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction of $215,240.26. Following the sale, the chief executive officer now directly owns 179,096 shares of the company's stock, valued at $6,950,715.76. This trade represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FHI. Barclays PLC grew its position in shares of Federated Hermes by 228.6% during the third quarter. Barclays PLC now owns 215,650 shares of the company's stock valued at $7,930,000 after purchasing an additional 150,017 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Federated Hermes by 8.0% during the third quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company's stock valued at $45,982,000 after purchasing an additional 92,643 shares in the last quarter. Passumpsic Savings Bank purchased a new position in shares of Federated Hermes during the third quarter valued at about $206,000. Sanctuary Advisors LLC purchased a new position in shares of Federated Hermes during the third quarter valued at about $475,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Federated Hermes during the third quarter valued at about $113,000. Hedge funds and other institutional investors own 75.94% of the company's stock.

Federated Hermes Company Profile

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.