Federated Hermes (FHI) Stock Forecast, Price & News

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

5 equities research analysts have issued 12-month price targets for Federated Hermes' shares. Their FHI share price forecasts range from $35.00 to $47.00. On average, they anticipate the company's stock price to reach $42.40 in the next year. This suggests a possible upside of 17.7% from the stock's current price.
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Federated Hermes' stock was trading at $36.31 at the beginning of the year. Since then, FHI shares have decreased by 0.8% and is now trading at $36.03.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our FHI earnings forecast.

Federated Hermes, Inc. (NYSE:FHI) posted its earnings results on Thursday, April, 27th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04. The business earned $382.20 million during the quarter, compared to the consensus estimate of $390.85 million. Federated Hermes had a net margin of 16.85% and a trailing twelve-month return on equity of 27.83%. The company's quarterly revenue was up 17.7% on a year-over-year basis. During the same period last year, the company earned $0.61 EPS.

Federated Hermes announced a quarterly dividend on Thursday, April 27th. Shareholders of record on Monday, May 8th will be given a dividend of $0.28 per share on Monday, May 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Friday, May 5th. This is a boost from the stock's previous quarterly dividend of $0.27.
Read our dividend analysis for FHI.

ETFs with the largest weight of Federated Hermes (NYSE:FHI) stock in their portfolio include Aztlan Global Stock Selection DM SMID ETF (AZTD), SPDR S&P Capital Markets ETF (KCE), Invesco DWA Financial Momentum ETF (PFI), Cambria Shareholder Yield ETF (SYLD), Invesco S&P MidCap Low Volatility ETF (XMLV), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Gabelli Financial Services Opportunities ETF (GABF) and First Trust Active Factor Mid Cap ETF (AFMC).

Federated Hermes (NYSE:FHI) pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.12%. The dividend payout ratio is 39.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FHI will have a dividend payout ratio of 30.43% 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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.10%), Schneider Downs Wealth Management Advisors LP (5.00%), FMR LLC (3.49%), State Street Corp (3.24%), Dimensional Fund Advisors LP (2.55%) and Bank of New York Mellon Corp (2.25%). 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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One share of FHI stock can currently be purchased for approximately $36.03.

Federated Hermes (NYSE:FHI) has a market capitalization of $3.23 billion and generates $1.45 billion in revenue each year. The company earns $239.50 million in net income (profit) each year or $2.83 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.