Federated Hermes (NYSE:FHI) PT Raised to $39.00 at UBS Group

Federated Hermes (NYSE:FHI - Free Report) had its price target increased by UBS Group from $37.00 to $39.00 in a report released on Friday, Benzinga reports. They currently have a neutral rating on the stock.

FHI has been the subject of a number of other research reports. Royal Bank of Canada upped their target price on Federated Hermes from $36.00 to $37.00 and gave the stock a sector perform rating in a report on Monday, January 29th. TD Cowen began coverage on Federated Hermes in a report on Thursday, January 4th. They set a market perform rating and a $32.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price objective on Federated Hermes from $43.00 to $44.00 and gave the company an overweight rating in a report on Thursday, January 18th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $39.00.

Federated Hermes Trading Down 2.3 %

NYSE:FHI traded down $0.84 during midday trading on Friday, hitting $35.73. The stock had a trading volume of 725,405 shares, compared to its average volume of 741,089. Federated Hermes has a one year low of $30.23 and a one year high of $45.55. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.87 and a beta of 1.12. The stock has a 50-day moving average of $35.70 and a 200 day moving average of $34.02. The company has a quick ratio of 1.89, a current ratio of 2.51 and a debt-to-equity ratio of 0.31.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its earnings results on Friday, January 26th. The company reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.12. The company had revenue of $391.50 million during the quarter, compared to analyst estimates of $396.97 million. Federated Hermes had a return on equity of 26.76% and a net margin of 18.58%. Federated Hermes's revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. As a group, sell-side analysts forecast that Federated Hermes will post 3.7 EPS for the current year.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.12 annualized dividend and a dividend yield of 3.13%. Federated Hermes's dividend payout ratio is presently 32.84%.

Insider Buying and Selling

In related news, VP Paul A. Uhlman sold 90,745 shares of the firm's stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $35.26, for a total value of $3,199,668.70. Following the completion of the transaction, the vice president now owns 289,904 shares in the company, valued at approximately $10,222,015.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Federated Hermes news, VP Paul A. Uhlman sold 90,745 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $35.26, for a total transaction of $3,199,668.70. Following the sale, the vice president now directly owns 289,904 shares of the company's stock, valued at approximately $10,222,015.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul A. Uhlman sold 13,820 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $36.20, for a total value of $500,284.00. Following the sale, the vice president now directly owns 276,084 shares in the company, valued at $9,994,240.80. The disclosure for this sale can be found here. Insiders sold 115,435 shares of company stock worth $4,092,831 in the last 90 days. Insiders own 3.70% of the company's stock.

Institutional Investors Weigh In On Federated Hermes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Federated Hermes by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,492 shares of the company's stock valued at $1,209,000 after acquiring an additional 3,384 shares during the period. BlackRock Inc. grew its position in shares of Federated Hermes by 3.7% during the 1st quarter. BlackRock Inc. now owns 13,001,719 shares of the company's stock valued at $442,838,000 after acquiring an additional 466,504 shares during the period. Yousif Capital Management LLC grew its position in shares of Federated Hermes by 3.0% during the 1st quarter. Yousif Capital Management LLC now owns 51,532 shares of the company's stock valued at $1,755,000 after acquiring an additional 1,490 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Federated Hermes by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,250,041 shares of the company's stock valued at $76,638,000 after acquiring an additional 40,797 shares during the period. Finally, Sei Investments Co. grew its position in shares of Federated Hermes by 313.0% during the 1st quarter. Sei Investments Co. now owns 49,005 shares of the company's stock valued at $1,671,000 after acquiring an additional 37,140 shares during the period. 75.94% of the stock is 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.