Federated Hermes (FHI) Stock Price, News & Analysis

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Federated Hermes in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FHI shares.
View FHI analyst ratings or view top-rated stocks.

4 Wall Street analysts have issued 12 month target prices for Federated Hermes' stock. Their FHI share price targets range from $35.00 to $45.00. On average, they expect the company's share price to reach $40.20 in the next year. This suggests a possible upside of 24.4% from the stock's current price.
View analysts price targets for FHI or view top-rated stocks among Wall Street analysts.

Federated Hermes' stock was trading at $36.31 at the beginning of the year. Since then, FHI stock has decreased by 11.0% and is now trading at $32.32.
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Federated Hermes saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 1,780,000 shares, an increase of 117.4% from the October 15th total of 818,900 shares. Based on an average trading volume of 845,300 shares, the short-interest ratio is currently 2.1 days. Currently, 2.2% of the shares of the stock are short sold.
View Federated Hermes' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
View our FHI earnings forecast.

Federated Hermes, Inc. (NYSE:FHI) released its quarterly earnings results on Thursday, October, 26th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. The company had revenue of $402.66 million for the quarter, compared to analyst estimates of $400.43 million. Federated Hermes had a net margin of 17.17% and a trailing twelve-month return on equity of 27.01%. Federated Hermes's revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 earnings per share.

Federated Hermes declared a quarterly dividend on Thursday, October 26th. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.28 per share on Wednesday, November 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Tuesday, November 7th. This is an increase from the stock's previous quarterly dividend of $0.04.
Read our dividend analysis for FHI.

Federated Hermes (NYSE:FHI) pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.49%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 36.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FHI will have a dividend payout ratio of 31.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FHI.

ETFs with the largest weight of Federated Hermes (NYSE:FHI) stock in their portfolio include WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Gabelli Financial Services Opportunities ETF (GABF), Vident Core U.S. Equity Fund (VUSE) and VictoryShares US Small Mid Cap Value Momentum ETF (USVM).Future Fund Long/Short ETF (FFLS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Federated Hermes investors own include AbbVie (ABBV), Bristol-Myers Squibb (BMY), Gilead Sciences (GILD), Micron Technology (MU), Tesla (TSLA), Allison Transmission (ALSN), Alexion Pharmaceuticals (ALXN), Anthem (ANTM), Arrowhead Pharmaceuticals (ARWR) and Boston Scientific (BSX).

Federated Hermes' stock is owned by a number of retail and institutional investors. Top institutional investors include FMR LLC (5.84%), Schneider Downs Wealth Management Advisors LP (3.59%), Invesco Ltd. (3.39%), Bank of New York Mellon Corp (1.58%), Fuller & Thaler Asset Management Inc. (1.42%) and Wellington Management Group LLP (1.32%). Insiders that own company stock include Dolores D Dudiak, Gordon J Ceresino, J Christopher Donahue, John B Fisher, Meter Stephen Van, Michael J Farrell, Paul A Uhlman, Paul A Uhlman, Peter J Germain, Richard A Novak, Saker Anwar Nusseibeh and Thomas R Donahue.
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Shares of FHI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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