Federated Hermes, Inc. (NYSE:FHI) Receives Average Recommendation of “Hold” from Analysts

Shares of Federated Hermes, Inc. (NYSE:FHI) have received an average rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $55.00.

A number of equities research analysts have issued reports on FHI shares. Zacks Research downgraded shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Wall Street Zen cut shares of Federated Hermes from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a research note on Thursday, January 22nd. TD Cowen reiterated a “hold” rating on shares of Federated Hermes in a report on Wednesday, January 14th. Finally, Argus raised Federated Hermes to a “hold” rating in a research report on Monday, February 2nd.

Federated Hermes Price Performance

NYSE FHI opened at $56.92 on Friday. The company has a 50 day simple moving average of $54.40 and a 200-day simple moving average of $52.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.30. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 1.98 and a beta of 0.73. Federated Hermes has a 52-week low of $35.05 and a 52-week high of $57.80.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, January 29th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. Federated Hermes had a net margin of 22.40% and a return on equity of 34.25%. The business had revenue of $482.83 million during the quarter, compared to analysts’ expectations of $468.45 million. During the same period last year, the company posted $1.04 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. Equities research analysts predict that Federated Hermes will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, February 6th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, February 6th. Federated Hermes’s payout ratio is currently 26.46%.

Institutional Investors Weigh In On Federated Hermes

Large investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its position in Federated Hermes by 1.7% during the fourth quarter. AQR Capital Management LLC now owns 3,036,239 shares of the company’s stock valued at $158,097,000 after acquiring an additional 50,067 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Federated Hermes by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,032,060 shares of the company’s stock valued at $157,879,000 after acquiring an additional 12,348 shares during the last quarter. Invesco Ltd. grew its position in Federated Hermes by 29.6% in the third quarter. Invesco Ltd. now owns 2,939,908 shares of the company’s stock worth $152,669,000 after acquiring an additional 670,643 shares in the last quarter. LSV Asset Management grew its position in Federated Hermes by 20.4% in the fourth quarter. LSV Asset Management now owns 2,890,276 shares of the company’s stock worth $150,497,000 after acquiring an additional 489,275 shares in the last quarter. Finally, Schneider Downs Wealth Management Advisors LP increased its stake in shares of Federated Hermes by 3,229.0% during the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 2,657,263 shares of the company’s stock worth $137,992,000 after purchasing an additional 2,577,442 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

About Federated Hermes

Federated Hermes, Inc is a global investment manager that provides a range of asset management solutions to institutional and individual investors. The company offers active strategies across equity, fixed income, multi-asset, liquidity, and alternative investments. Through its suite of mutual funds, separate accounts and collective investment vehicles, Federated Hermes seeks to deliver performance-driven outcomes aligned with client objectives and risk tolerances.

In addition to traditional investment management, Federated Hermes has developed specialized capabilities in sustainability and responsible investing, integrating environmental, social and governance (ESG) research into its investment process.