Brokerages Set Federated Hermes, Inc. (NYSE:FHI) Price Target at $55.00

Shares of Federated Hermes, Inc. (NYSE:FHI) have earned an average rating of “Hold” from the seven analysts that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $55.00.

A number of equities analysts have commented on the company. TD Cowen restated a “hold” rating on shares of Federated Hermes in a research note on Wednesday, January 14th. Wall Street Zen cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a research report on Thursday, January 22nd. Zacks Research lowered shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Argus upgraded shares of Federated Hermes to a “hold” rating in a research report on Monday, February 2nd.

Federated Hermes Stock Performance

NYSE FHI opened at $54.87 on Tuesday. Federated Hermes has a 52-week low of $35.05 and a 52-week high of $56.68. The stock has a market cap of $4.26 billion, a PE ratio of 10.68, a P/E/G ratio of 0.54 and a beta of 0.74. The firm has a 50-day moving average of $53.38 and a 200-day moving average of $52.02. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.58 and a current ratio of 2.75.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, January 29th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $468.45 million. During the same period last year, the firm earned $1.04 earnings per share. Federated Hermes’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Federated Hermes will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, February 6th. Federated Hermes’s dividend payout ratio (DPR) is currently 26.46%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MAI Capital Management lifted its stake in Federated Hermes by 86.7% in the 3rd 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. Torren Management LLC acquired a new position in shares of Federated Hermes during the fourth quarter worth $25,000. CIBC Private Wealth Group LLC lifted its stake in shares of Federated Hermes by 119.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 736 shares of the company’s stock valued at $38,000 after acquiring an additional 401 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Federated Hermes by 145.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 848 shares of the company’s stock valued at $44,000 after acquiring an additional 503 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in Federated Hermes by 97.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock worth $45,000 after acquiring an additional 430 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

Federated Hermes Company Profile

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.