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

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.

Shares of Federated Hermes, Inc. (NYSE:FHI - Get Free Report) have received an average recommendation of "Hold" from the six brokerages that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $46.00.

A number of research firms recently issued reports on FHI. Evercore ISI lifted their target price on Federated Hermes from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Monday. JPMorgan Chase & Co. raised Federated Hermes from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $40.00 to $54.00 in a report on Monday. Royal Bank Of Canada increased their price target on Federated Hermes from $43.00 to $45.00 and gave the company a "sector perform" rating in a research report on Thursday, July 10th. TD Cowen lowered Federated Hermes from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Wall Street Zen lowered Federated Hermes from a "strong-buy" rating to a "buy" rating in a research report on Saturday.

Federated Hermes Stock Performance

Shares of FHI traded up $1.75 during trading hours on Friday, reaching $50.98. 361,881 shares of the company's stock traded hands, compared to its average volume of 832,500. The business's fifty day simple moving average is $44.81 and its two-hundred day simple moving average is $41.29. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 11.26, a P/E/G ratio of 0.91 and a beta of 0.77. Federated Hermes has a twelve month low of $31.94 and a twelve month high of $51.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.37 and a quick ratio of 2.35.

Federated Hermes (NYSE:FHI - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.17. The firm had revenue of $424.84 million for the quarter, compared to analyst estimates of $424.83 million. Federated Hermes had a return on equity of 32.30% and a net margin of 21.67%. Federated Hermes's revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 earnings per share. Analysts predict that Federated Hermes will post 4.04 earnings per share for the current year.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 8th will be given a dividend of $0.34 per share. The ex-dividend date is Friday, August 8th. This represents a $1.36 dividend on an annualized basis and a yield of 2.7%. Federated Hermes's dividend payout ratio (DPR) is presently 30.16%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Federated Hermes

Several institutional investors have recently made changes to their positions in FHI. Vanguard Group Inc. raised its stake in shares of Federated Hermes by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 8,760,811 shares of the company's stock valued at $357,178,000 after acquiring an additional 265,590 shares in the last quarter. FMR LLC increased its position in Federated Hermes by 4.5% in the 4th quarter. FMR LLC now owns 5,919,888 shares of the company's stock worth $243,367,000 after buying an additional 253,553 shares during the period. Charles Schwab Investment Management Inc. increased its position in Federated Hermes by 249.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,199,554 shares of the company's stock worth $130,446,000 after buying an additional 2,284,509 shares during the period. Invesco Ltd. increased its position in Federated Hermes by 6.2% in the 1st quarter. Invesco Ltd. now owns 2,367,754 shares of the company's stock worth $96,533,000 after buying an additional 137,248 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its position in Federated Hermes by 0.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,904,596 shares of the company's stock worth $77,650,000 after buying an additional 16,333 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.