Top-Rated Dividend StocksTop-Rated Dividend

NYSE:FHI

Federated Hermes (FHI) Stock Forecast, Price & News

$33.89

-0.33 (-0.96%)

(As of 09/29/2023 ET)

Compare

Today's Range: $33.74
▼
$34.51
50-Day Range: $32.42
▼
$36.87
52-Week Range: $30.30
▼
$45.55

Volume: 1.17 million shs
Average Volume: 938,063 shs
Market Capitalization: $2.99 billion

P/E Ratio: 11.30
Dividend Yield: 3.30%
Price Target: $41.60

Federated Hermes MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 22.8% Upside
$41.60 Price Target
Short Interest: Healthy
1.00% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.58
Upright™ Environmental Score
News Sentiment: 0.71
Based on 10 Articles This Week
Insider Trading: Selling Shares
$1.83 M Sold Last Quarter
Proj. Earnings Growth: 7.93%
From $3.28 to $3.54 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.77 out of 5 stars

Finance Sector

201st out of 871 stocks

Investment Advice Industry

16th out of 50 stocks

2.4

Analyst's Opinion

Consensus Rating
Federated Hermes has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $41.60, Federated Hermes has a forecasted upside of 22.8% from its current price of $33.89.
Amount of Analyst Coverage
Federated Hermes has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.00% of the float of Federated Hermes has been sold short.
Short Interest Ratio / Days to Cover
Federated Hermes has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Federated Hermes has recently increased by 5.41%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Federated Hermes pays a meaningful dividend of 3.31%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Federated Hermes does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Federated Hermes is 37.33%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Federated Hermes will have a dividend payout ratio of 31.64% next year. This indicates that Federated Hermes will be able to sustain or increase its dividend.

2.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Federated Hermes has received a 13.42% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is mostly driven by its "Mutual funds investing in the finance industry", "Mutual funds investing in the energy industry", "Mutual funds investing in the chemicals industry", "Mutual funds investing in the retail industry", and "Mutual funds investing in the healthcare industry" products. See details.
Environmental Sustainability
The Environmental Impact score for Federated Hermes is -0.58.

2.6

News and Social Media Coverage

News Sentiment
Federated Hermes has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Federated Hermes this week, compared to 4 articles on an average week.
Search Interest
1 people have searched for FHI on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added Federated Hermes to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Federated Hermes insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,830,522.00 in company stock.
Percentage Held by Insiders
Only 5.20% of the stock of Federated Hermes is held by insiders.
Percentage Held by Institutions
76.65% of the stock of Federated Hermes is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Federated Hermes are expected to grow by 7.93% in the coming year, from $3.28 to $3.54 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Federated Hermes is 11.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Federated Hermes is 11.30, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 73.04.
Price to Earnings Growth Ratio
Federated Hermes has a PEG Ratio of 0.73. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Federated Hermes has a P/B Ratio of 2.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Federated Hermes (NYSE:FHI) Stock

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. Through its subsidiaries, it manages separate client-focused equity, fixed income, balanced and money market mutual funds along with separate client-focused equity, fixed income, money market, and balanced portfolios. Through its subsidiaries, the firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of small-cap, mid-cap, and large-cap companies. The firm makes its fixed income investments in ultra-short, short-term, and intermediate-term mortgage-backed, U.S. Government, U.S. corporate, high yield, and municipal securities. It employs both fundamental and quantitative analysis to make its equity investments. Federated Hermes, Inc. was founded in 1955 and is based in Pittsburgh, Pennsylvania with additional offices in New York City and London, United Kingdom.

FHI Price History

30 days | 90 days | 365 days | Advanced Chart

FHI Stock News Headlines

September 27, 2023 | americanbankingnews.com

Federated Hermes (NYSE:FHI) Lowered to Hold at StockNews.com

September 25, 2023 | finance.yahoo.com

Beyond Market Price: Uncovering Federated Hermes Inc's Intrinsic Value of

September 29, 2023 | Behind the Markets (Ad)

6.5 Million Americans Are DESPERATE for This New Drug from One Tiny Company

Decades of pent-up demand for this "first-ever" treatment could give you WINDFALL PROFITS... Click here to learn more >>>

September 23, 2023 | americanbankingnews.com

Research Analysts Set Expectations for Federated Hermes, Inc.'s Q4 2023 Earnings (NYSE:FHI)

September 22, 2023 | finance.yahoo.com

Beyond Market Price: Uncovering Federated Hermes Inc's Intrinsic Value

September 22, 2023 | americanbankingnews.com

Q3 2023 EPS Estimates for Federated Hermes, Inc. Increased by Zacks Research (NYSE:FHI)

September 15, 2023 | finance.yahoo.com

Federated Hermes (FHI) is a Top Dividend Stock Right Now: Should You Buy?

September 12, 2023 | markets.businessinsider.com

JP Morgan Maintains Overweight Rating for Federated Hermes: Here's What You Need To Know

September 29, 2023 | Behind the Markets (Ad)

6.5 Million Americans Are DESPERATE for This New Drug from One Tiny Company

Decades of pent-up demand for this "first-ever" treatment could give you WINDFALL PROFITS... Click here to learn more >>>

September 12, 2023 | finance.yahoo.com

Here's Why Federated Hermes (FHI) is a Strong Momentum Stock

September 8, 2023 | msn.com

Federated Hermes: The Future Is Bright

September 7, 2023 | benzinga.com

Federated Hermes CEO Trades Company's Stock

August 31, 2023 | seekingalpha.com

Federated Hermes U.S. Strategic Dividend ETF declares monthly distribution of $0.0805

August 30, 2023 | msn.com

This is Why Federated Hermes (FHI) is a Great Dividend Stock

August 30, 2023 | finance.yahoo.com

This is Why Federated Hermes (FHI) is a Great Dividend Stock

August 29, 2023 | finance.yahoo.com

Federated Hermes Can Fly as High Rates Linger

August 23, 2023 | finance.yahoo.com

It's taken 30 months for Federated Hermes' sign to be part of Pittsburgh's skyline; here's why

August 21, 2023 | finance.yahoo.com

Tupperware, Kenvue, Earthstone Energy: Market Movers

August 16, 2023 | finance.yahoo.com

Today’s investors don’t understand the impact of geopolitics

August 9, 2023 | finance.yahoo.com

3 Federated Hermes Funds to Buy for Attractive Returns

August 8, 2023 | finance.yahoo.com

Federated Hermes, Inc. (NYSE:FHI) is largely controlled by institutional shareholders who own 81% of the company

August 3, 2023 | markets.businessinsider.com

J.P. Morgan Reaffirms Their Buy Rating on Federated Hermes (FHI)

July 30, 2023 | finance.yahoo.com

Federated Hermes, Inc. (NYSE:FHI) Q2 2023 Earnings Call Transcript

July 28, 2023 | bizjournals.com

Federated Hermes CEO talks strength in numbers, both Q2 results and family dynamics

July 28, 2023 | msn.com

Why did Federated Hermes stock drop today? Investors weigh Q2 earnings

July 28, 2023 | finance.yahoo.com

Federated Hermes (FHI) Q2 Earnings and Revenues Beat Estimates

July 28, 2023 | finance.yahoo.com

Federated Hermes, Inc. reports second quarter 2023 earnings

See More Headlines

Receive FHI Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Federated Hermes and its competitors with MarketBeat's FREE daily newsletter.

FHI Company Calendar

Last Earnings: 7/27/2023
Ex-Dividend for 8/15 Dividend: 8/07/2023
Dividend Payable: 8/15/2023
Ex-Dividend for 10/2 Dividend: 9/21/2023
Today: 9/29/2023
Dividend Payable: 10/02/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Investment advice
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:FHI
CUSIP: N/A
CIK: 1056288
Web: www.federatedinvestors.com
Phone: (412) 288-1900
Fax: 412-288-6823
Employees: 1,961
Year Founded: 1955

Price Target and Rating

Average Stock Price Forecast: $41.60
High Stock Price Forecast: $45.00
Low Stock Price Forecast: $35.00
Forecasted Upside/Downside: +22.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.00
Trailing P/E Ratio: 11.29
Forward P/E Ratio: 10.32
P/E Growth: 0.73
Net Income: $239.50 million
Net Margins: 17.05%
Pretax Margin: 22.76%
Return on Equity: 27.30%
Return on Assets: 14.44%

Debt

Debt-to-Equity Ratio: 0.31
Current Ratio: 2.96
Quick Ratio: 2.20

Sales & Book Value

Annual Sales: $1.45 billion
Price / Sales: 2.07
Cash Flow: $3.36 per share
Price / Cash Flow: 10.08
Book Value: $11.71 per share
Price / Book: 2.89

Miscellaneous

Outstanding Shares: 88,290,000
Free Float: 83,704,000
Market Cap: $2.99 billion
Optionable: Not Optionable
Beta: 1.04

Social Links

7 Stocks to Buy And Hold Forever

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report

Key Executives

Mr. John Christopher Donahue (Age 74)
Pres, CEO & Chairman
Comp: $4.03M

Mr. Thomas Robert Donahue (Age 64)
VP, Treasurer, CFO & Director
Comp: $3.64M

Mr. John Basil Fisher (Age 67)
VP & Director
Comp: $4.56M

Mr. Gordon Joseph Ceresino (Age 65)
Vice Chairman
Comp: $2.62M

Mr. Paul Adam Uhlman (Age 56)
VP
Comp: $3.3M

Ms. Mary Jo Ochson CFA (Age 70)
Head of the Tax-Free Money Market Investment Area, Chief Investment Officer, SVP & Sr Portfolio Mngr

Mr. Richard Anthony Novak (Age 60)
VP, Assistant Treasurer & Principal Accounting Officer

Mr. Raymond J. Hanley
Sr. VP

Mr. Stephen Paul Van Meter (Age 48)
VP & Chief Compliance Officer

Mr. Peter J. Germain (Age 64)
Exec. VP, Chief Legal Officer & Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FHI Stock - Frequently Asked Questions

Should I buy or sell Federated Hermes stock right now?: 4 Wall Street 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 research analysts is that investors should "moderate buy" FHI shares.
View FHI analyst ratings or view top-rated stocks.
What is Federated Hermes' stock price forecast for 2023?: 4 brokerages have issued 1 year price targets for Federated Hermes' shares. Their FHI share price forecasts range from $35.00 to $45.00. On average, they expect the company's share price to reach $41.60 in the next twelve months. This suggests a possible upside of 22.9% from the stock's current price.
View analysts price targets for FHI or view top-rated stocks among Wall Street analysts.
How have FHI shares performed in 2023?: Federated Hermes' stock was trading at $36.31 on January 1st, 2023. Since then, FHI shares have decreased by 6.7% and is now trading at $33.86.
View the best growth stocks for 2023 here.
Are investors shorting Federated Hermes?: Federated Hermes saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 844,000 shares, an increase of 5.4% from the August 31st total of 800,700 shares. Based on an average daily trading volume, of 825,600 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.0% of the company's stock are sold short.
View Federated Hermes' Short Interest.
When is Federated Hermes' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our FHI earnings forecast.
How were Federated Hermes' earnings last quarter?: Federated Hermes, Inc. (NYSE:FHI) posted its earnings results on Thursday, July, 27th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. The firm earned $433.23 million during 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%.
How often does Federated Hermes pay dividends? What is the dividend yield for Federated Hermes?: Federated Hermes declared a quarterly dividend on Monday, September 11th. Stockholders of record on Friday, September 22nd will be given a dividend of $0.035 per share on Monday, October 2nd. This represents a $0.14 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, September 21st.
Read our dividend analysis for FHI.
What ETFs hold Federated Hermes' stock?: 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).

Is Federated Hermes a good dividend stock?: Federated Hermes (NYSE:FHI) pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.31%. 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.
What other stocks do shareholders of Federated Hermes own?: 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).
What is Federated Hermes' stock symbol?: Federated Hermes trades on the New York Stock Exchange (NYSE) under the ticker symbol "FHI."
How do I buy shares of Federated Hermes?: 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.
What is Federated Hermes' stock price today?: One share of FHI stock can currently be purchased for approximately $33.86.
How much money does Federated Hermes make?: Federated Hermes (NYSE:FHI) has a market capitalization of $2.99 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.
How many employees does Federated Hermes have?: The company employs 1,961 workers across the globe.
Does Federated Hermes have any subsidiaries?: The following companies are subsidiares of Federated Hermes: FII Holdings, Federated Administrative Services, Federated Advisory Services Company, Federated Asset Management GmbH, Federated Equity Management Company of Pennsylvania, Federated Global Holdings LLC, Federated Global Investment Management Corp., Federated Holdings (UK) Limited, Federated International Europe GmbH, Federated International Holdings B.V., Federated International Management Limited, Federated International Securities Corp., Federated Investment Counseling, Federated Investment Management Company, Federated Investors (Canada) Holdings Inc, Federated Investors (UK) LLP, Federated Investors Asia Pacific Pty Ltd, Federated Investors Australia Services Ltd, Federated Investors Canada ULC, Federated Investors International Pte. Ltd, Federated Investors Management Company, Federated Investors Trust Company, Federated MDTA LLC, Federated MDTA Trust, Federated Private Asset Management, Federated Private Fund of One Trade Finance Partnership General Partner, Federated Securities Corp, Federated Services Company, Federated Shareholder Services Company, HBSS Acquisition Company, Hermes Alternative Investment Management Limited, Hermes Assured Limited, Hermes BPK Coinvestment Trustees Limited, Hermes Equity Ownership Services Limited, Hermes European Equities Limited, Hermes Fund Managers (North America) GP, Hermes Fund Managers Ireland Limited, Hermes Fund Managers Limited, Hermes Global Funds GP Limited, Hermes Investment Management Ltd, Hermes Investments (North America) Limited, Hermes Pension Fund Management Limited, Hermes Private Debt (Lux) I GP S.a.r.l., Hermes Private Debt I GP Limited, Hermes Private Equity Limited, Hermes Real Estate Debt GP Limited, Hermes Real Estate Investment Management Limited, Hermes Secretariat Limited, and Hermes Sourcecap Limited.
Read More
How can I contact Federated Hermes?: 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.

This page (NYSE:FHI) was last updated on 9/29/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial