Federated Hermes, Inc. (NYSE:FHI) Receives $42.33 Consensus Price Target from Analysts

Federated Hermes, Inc. (NYSE:FHI - Get Free Report) has earned an average rating of "Hold" from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $42.17.

Several equities research analysts have recently issued reports on FHI shares. Evercore ISI raised their target price on shares of Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. JPMorgan Chase & Co. raised their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the stock an "underweight" rating in a report on Wednesday. Royal Bank Of Canada upped their target price on Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. TD Cowen cut Federated Hermes from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Wall Street Zen raised Federated Hermes from a "buy" rating to a "strong-buy" rating in a research note on Monday, April 28th.

Federated Hermes Trading Up 0.7%

NYSE FHI traded up $0.30 during trading hours on Monday, hitting $45.81. 554,562 shares of the company were exchanged, compared to its average volume of 734,174. The stock has a 50-day moving average price of $42.84 and a 200 day moving average price of $40.31. The company has a quick ratio of 2.35, a current ratio of 3.04 and a debt-to-equity ratio of 0.32. Federated Hermes has a 52 week low of $31.94 and a 52 week high of $46.56. The stock has a market cap of $3.62 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 0.86 and a beta of 0.78.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.19. Federated Hermes had a return on equity of 32.17% and a net margin of 17.74%. The company had revenue of $423.54 million for the quarter, compared to analysts' expectations of $425.43 million. During the same period in the previous year, the firm posted $0.89 earnings per share. The firm's revenue for the quarter was up 6.8% on a year-over-year basis. Analysts forecast that Federated Hermes will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders 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. The ex-dividend date was Thursday, May 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.97%. Federated Hermes's dividend payout ratio is currently 38.31%.

Insider Activity at Federated Hermes

In other Federated Hermes news, VP Paul A. Uhlman sold 6,057 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $42.14, for a total transaction of $255,241.98. Following the transaction, the vice president directly owned 316,930 shares in the company, valued at $13,355,430.20. This trade represents a 1.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FHI. Farther Finance Advisors LLC increased its holdings in Federated Hermes by 246.6% during the 1st quarter. Farther Finance Advisors LLC now owns 863 shares of the company's stock worth $35,000 after purchasing an additional 614 shares during the period. Quarry LP purchased a new position in Federated Hermes during the 4th quarter worth $37,000. Northwestern Mutual Wealth Management Co. increased its holdings 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 during the period. Virtus Advisers LLC purchased a new position in Federated Hermes during the 1st quarter worth $72,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in Federated Hermes during the 4th quarter worth $73,000. 75.94% of the stock is currently owned by hedge funds and other 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.