Federated Hermes, Inc. (NYSE:FHI) Receives $38.43 Consensus Target Price from Analysts

Shares of Federated Hermes, Inc. (NYSE:FHI) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $38.43.

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Federated Hermes from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, January 18th. UBS Group assumed coverage on Federated Hermes in a report on Friday, January 5th. They set a “neutral” rating and a $35.00 price target for the company. Royal Bank of Canada increased their price objective on Federated Hermes from $36.00 to $37.00 and gave the company a “sector perform” rating in a research report on Monday, January 29th. Finally, TD Cowen assumed coverage on Federated Hermes in a research report on Thursday, January 4th. They issued a “market perform” rating and a $32.00 price objective on the stock.

Insider Transactions at Federated Hermes

In other news, VP Paul A. Uhlman sold 13,820 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $36.20, for a total value of $500,284.00. Following the transaction, the vice president now directly owns 276,084 shares in the company, valued at approximately $9,994,240.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Paul A. Uhlman sold 13,820 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $36.20, for a total transaction of $500,284.00. Following the sale, the vice president now owns 276,084 shares of the company’s stock, valued at approximately $9,994,240.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Meter Stephen Van sold 1,660 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $36.15, for a total value of $60,009.00. Following the sale, the vice president now directly owns 31,689 shares in the company, valued at approximately $1,145,557.35. The disclosure for this sale can be found here. Insiders have sold 115,435 shares of company stock worth $4,092,831 in the last three months. Insiders own 3.70% of the company’s stock.

Institutional Trading of Federated Hermes

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd acquired a new stake in shares of Federated Hermes in the 4th quarter valued at about $1,246,000. Wellington Management Group LLP raised its stake in shares of Federated Hermes by 59.1% in the 4th quarter. Wellington Management Group LLP now owns 1,813,190 shares of the company’s stock valued at $61,395,000 after purchasing an additional 673,496 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Federated Hermes by 39.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,184,759 shares of the company’s stock valued at $40,116,000 after purchasing an additional 335,737 shares during the period. Neo Ivy Capital Management raised its stake in shares of Federated Hermes by 637.5% in the 4th quarter. Neo Ivy Capital Management now owns 1,416 shares of the company’s stock valued at $48,000 after purchasing an additional 1,224 shares during the period. Finally, GSA Capital Partners LLP raised its stake in shares of Federated Hermes by 123.8% in the 4th quarter. GSA Capital Partners LLP now owns 69,821 shares of the company’s stock valued at $2,364,000 after purchasing an additional 38,630 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Trading Up 1.3 %

Shares of FHI opened at $35.88 on Tuesday. Federated Hermes has a 1 year low of $30.23 and a 1 year high of $45.55. The company has a current ratio of 2.51, a quick ratio of 1.89 and a debt-to-equity ratio of 0.31. The stock has a 50 day simple moving average of $35.32 and a 200-day simple moving average of $33.86. The stock has a market cap of $3.03 billion, a PE ratio of 10.52, a PEG ratio of 0.80 and a beta of 1.12.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Friday, January 26th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.12. Federated Hermes had a return on equity of 26.76% and a net margin of 18.58%. The firm had revenue of $391.50 million during the quarter, compared to analysts’ expectations of $396.97 million. During the same period last year, the firm posted $0.90 EPS. The business’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts predict that Federated Hermes will post 3.64 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th were given a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.12 annualized dividend and a dividend yield of 3.12%. Federated Hermes’s dividend payout ratio is currently 32.84%.

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.