Federated Hermes, Inc. (NYSE:FHI) Given Consensus Rating of "Hold" by Analysts

Federated Hermes, Inc. (NYSE:FHI - Get Free Report) has been assigned an average recommendation of "Hold" from the six analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $42.50.

Several brokerages have commented on FHI. Royal Bank Of Canada increased their target price on Federated Hermes from $43.00 to $45.00 and gave the company a "sector perform" rating in a research note on Thursday. JPMorgan Chase & Co. increased their target price on Federated Hermes from $39.00 to $40.00 and gave the company an "underweight" rating in a research note on Wednesday. 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. TD Cowen lowered shares of Federated Hermes from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, 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.

Insider Activity

In related news, VP Paul A. Uhlman sold 6,057 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $42.14, for a total value of $255,241.98. Following the transaction, the vice president owned 316,930 shares of the company's stock, valued at approximately $13,355,430.20. This trade represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.80% of the company's stock.

Hedge Funds Weigh In On Federated Hermes

A number of institutional investors and hedge funds have recently made changes to their positions in FHI. Jones Financial Companies Lllp boosted its holdings in shares of Federated Hermes by 112.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company's stock worth $109,000 after buying an additional 1,400 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Federated Hermes by 19.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock valued at $37,618,000 after purchasing an additional 145,878 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Federated Hermes during the fourth quarter valued at approximately $3,367,000. Kendall Capital Management lifted its holdings in Federated Hermes by 13.4% during the fourth quarter. Kendall Capital Management now owns 65,925 shares of the company's stock valued at $2,710,000 after purchasing an additional 7,790 shares in the last quarter. Finally, AlphaQuest LLC lifted its holdings in Federated Hermes by 19.9% during the fourth quarter. AlphaQuest LLC now owns 64,141 shares of the company's stock valued at $2,637,000 after purchasing an additional 10,644 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company's stock.

Federated Hermes Stock Up 0.9%

Shares of Federated Hermes stock traded up $0.40 during trading on Monday, hitting $46.30. The company's stock had a trading volume of 438,742 shares, compared to its average volume of 736,282. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.35 and a current ratio of 3.04. The company has a fifty day simple moving average of $43.06 and a two-hundred day simple moving average of $40.39. The company has a market capitalization of $3.66 billion, a PE ratio of 13.04, a P/E/G ratio of 0.86 and a beta of 0.78. Federated Hermes has a 52 week low of $31.94 and a 52 week high of $46.84.

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 analysts' consensus estimates of $0.91 by $0.19. Federated Hermes had a net margin of 17.74% and a return on equity of 32.17%. The business had revenue of $423.54 million during the quarter, compared to analyst estimates of $425.43 million. During the same period last year, the business earned $0.89 EPS. Federated Hermes's revenue was up 6.8% compared to the same quarter last year. Equities research analysts predict that Federated Hermes will post 4.04 earnings per share for the current year.

Federated Hermes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were issued a $0.34 dividend. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.94%. Federated Hermes's dividend payout ratio (DPR) is presently 38.31%.

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.