Federated Hermes, Inc. (NYSE:FHI) Receives $42.33 Consensus PT from Brokerages

Shares of Federated Hermes, Inc. (NYSE:FHI - Get Free Report) have received a consensus recommendation of "Hold" from the six research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $42.33.

FHI has been the topic of several research analyst reports. Royal Bank of Canada boosted their price target on shares of Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. TD Cowen downgraded Federated Hermes from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. UBS Group upped their target price on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. StockNews.com upgraded Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th.

Federated Hermes Stock Down 1.1%

NYSE:FHI traded down $0.46 during trading hours on Friday, hitting $42.43. 730,627 shares of the company's stock traded hands, compared to its average volume of 731,652. The stock's fifty day moving average price is $39.87 and its two-hundred day moving average price is $40.06. 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 firm has a market cap of $3.36 billion, a P/E ratio of 13.30, a P/E/G ratio of 1.00 and a beta of 0.77. Federated Hermes has a twelve month low of $31.24 and a twelve month high of $43.92.

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

Federated Hermes Increases Dividend

The business also recently declared 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 represents a $1.36 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Thursday, May 8th. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's dividend payout ratio is 38.31%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in Federated Hermes during the fourth quarter worth approximately $292,000. Inspire Investing LLC acquired a new stake in shares of Federated Hermes in the fourth quarter worth $829,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Federated Hermes by 19.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock worth $37,618,000 after buying an additional 145,878 shares during the period. New Age Alpha Advisors LLC acquired a new position in Federated Hermes in the 4th quarter valued at $461,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Federated Hermes in the 4th quarter worth $585,000. 75.94% of the stock is owned by institutional investors.

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.