Federated Hermes (FHI) Stock Forecast, Price & News

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

4 Wall Street analysts have issued 1 year target prices for Federated Hermes' shares. Their FHI share price forecasts range from $35.00 to $45.00. On average, they expect the company's stock price to reach $41.60 in the next year. This suggests a possible upside of 19.4% 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 shares have decreased by 4.1% and is now trading at $34.83.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our FHI earnings forecast.

Federated Hermes, Inc. (NYSE:FHI) released its quarterly earnings results on Thursday, July, 27th. The company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. The firm had revenue of $433.23 million for the quarter, compared to analysts' expectations of $392.73 million. Federated Hermes had a trailing twelve-month return on equity of 27.30% and a net margin of 17.05%.

Federated Hermes announced a quarterly dividend on Monday, September 11th. Shareholders of record on Friday, September 22nd will be paid a dividend of $0.035 per share on Monday, October 2nd. This represents a $0.14 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, September 21st.
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).

Federated Hermes (NYSE:FHI) pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.19%. The dividend payout ratio is 37.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FHI will have a dividend payout ratio of 31.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FHI.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "FHI."

Federated Hermes' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.84%), Schneider Downs Wealth Management Advisors LP (3.51%), Dimensional Fund Advisors LP (2.58%), Great West Life Assurance Co. Can (2.17%), State Street Corp (1.86%) and Bank of New York Mellon Corp (1.57%). 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of FHI stock can currently be purchased for approximately $34.83.

Federated Hermes (NYSE:FHI) has a market capitalization of $3.08 billion and generates $1.45 billion in revenue each year. The company earns $239.50 million in net income (profit) each year or $3.00 on an earnings per share basis.

The company employs 1,961 workers across the globe.

Federated Hermes' mailing address is 1001 LIBERTY AVENUE, PITTSBURGH PA, 15222. The official website for the company is www.federatedinvestors.com. The company can be reached via phone at (412) 288-1900, via email at investors@federatedinv.com, or via fax at 412-288-6823.