Federated Hermes (NYSE:FHI) Hits New 1-Year High – What’s Next?

Federated Hermes, Inc. (NYSE:FHI) hit a new 52-week high on Wednesday . The company traded as high as $58.09 and last traded at $57.8820, with a volume of 145000 shares traded. The stock had previously closed at $56.71.

Wall Street Analyst Weigh In

Several research firms have weighed in on FHI. Argus upgraded Federated Hermes to a “hold” rating in a report on Monday, February 2nd. TD Cowen restated a “hold” rating on shares of Federated Hermes in a report on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a report on Thursday, January 22nd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $55.00 price objective (up from $54.00) on shares of Federated Hermes in a research report on Tuesday, February 3rd. Finally, Zacks Research cut Federated Hermes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.00.

Federated Hermes Stock Performance

The stock has a 50-day moving average of $55.35 and a 200-day moving average of $52.77. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 2.03 and a beta of 0.67. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.30 and a current ratio of 2.75.

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

Federated Hermes Announces Dividend

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

Insiders Place Their Bets

In related news, VP Paul A. Uhlman sold 72,392 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $56.23, for a total value of $4,070,602.16. Following the completion of the transaction, the vice president owned 263,987 shares of the company’s stock, valued at approximately $14,843,989.01. This trade represents a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Federated Hermes

A number of large investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. increased its position in shares of Federated Hermes by 24.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock valued at $52,000 after acquiring an additional 194 shares during the last quarter. GAMMA Investing LLC boosted its position in Federated Hermes by 8.3% during the fourth quarter. GAMMA Investing LLC now owns 2,734 shares of the company’s stock valued at $142,000 after purchasing an additional 210 shares during the last quarter. MAI Capital Management boosted its position in Federated Hermes by 86.7% during the third quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $25,000 after purchasing an additional 221 shares during the last quarter. RiverFront Investment Group LLC grew its stake in Federated Hermes by 4.7% in the fourth quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock valued at $299,000 after purchasing an additional 256 shares in the last quarter. Finally, Advyzon Investment Management LLC increased its position in shares of Federated Hermes by 6.0% during the 4th quarter. Advyzon Investment Management LLC now owns 4,594 shares of the company’s stock worth $239,000 after purchasing an additional 259 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.