Analysts Set Federated Hermes, Inc. (NYSE:FHI) PT at $42.50

Key Points

• Federated Hermes has an average recommendation of "Hold" from six brokerages, with one sell rating, four hold ratings, and one buy rating. The average 12-month price target is set at $42.50.
• Insider trading activity includes VP Paul A. Uhlman selling 6,057 shares at an average price of $42.14, resulting in a total value of $255,241.98.
• The company reported an earnings per share (EPS) of $1.16 for the latest quarter, exceeding the consensus estimate by $0.17, while also showing a 5.5% year-over-year revenue increase.

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

Several brokerages have commented on FHI. Royal Bank Of Canada boosted their price target on shares of Federated Hermes from $43.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. boosted their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 9th. TD Cowen cut shares of Federated Hermes from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Wall Street Zen cut shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, Evercore ISI upped their target price on shares of Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, April 28th.

Insider Buying and Selling

In other Federated Hermes news, VP Paul A. Uhlman sold 6,057 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $42.14, for a total value of $255,241.98. Following the completion of the sale, the vice president directly owned 316,930 shares of the company's stock, valued at $13,355,430.20. The trade was a 1.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in shares of 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 buying an additional 614 shares in the last quarter. Quarry LP bought a new position in shares of Federated Hermes during the 4th quarter worth $37,000. AdvisorNet Financial Inc bought a new position in shares of Federated Hermes during the 2nd quarter worth $44,000. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 buying an additional 287 shares in the last quarter. Finally, Virtus Advisers LLC bought a new position in shares of Federated Hermes during the 1st quarter worth $72,000. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Federated Hermes Stock Performance

FHI stock traded down $0.32 on Friday, hitting $49.25. The company had a trading volume of 1,563,862 shares, compared to its average volume of 559,517. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 0.91 and a beta of 0.77. The company has a current ratio of 3.04, a quick ratio of 2.35 and a debt-to-equity ratio of 0.32. The stock's 50-day simple moving average is $44.81 and its 200 day simple moving average is $41.25. Federated Hermes has a 12-month low of $31.94 and a 12-month high of $50.09.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.17. Federated Hermes had a net margin of 21.67% and a return on equity of 32.51%. The firm had revenue of $424.84 million during the quarter, compared to the consensus estimate of $424.83 million. During the same quarter in the previous year, the firm posted $0.96 EPS. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts expect that Federated Hermes will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 8th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 8th. Federated Hermes's dividend payout ratio is 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.