Zacks Research Issues Optimistic Outlook for FHI Earnings

Federated Hermes, Inc. (NYSE:FHI) – Equities research analysts at Zacks Research boosted their Q4 2024 earnings estimates for shares of Federated Hermes in a research note issued on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $0.85 for the quarter, up from their prior forecast of $0.84. The consensus estimate for Federated Hermes’ current full-year earnings is $3.83 per share. Zacks Research also issued estimates for Federated Hermes’ Q2 2025 earnings at $1.01 EPS, Q3 2025 earnings at $1.03 EPS, Q1 2026 earnings at $0.97 EPS and Q2 2026 earnings at $1.05 EPS.

Several other research firms have also recently weighed in on FHI. UBS Group lifted their price objective on Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft upped their price target on Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday. Evercore ISI raised their price objective on Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $46.00 in a research report on Monday, October 28th. Finally, Royal Bank of Canada boosted their price objective on shares of Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.

Federated Hermes Stock Down 0.7 %

Shares of Federated Hermes stock opened at $41.64 on Thursday. The company’s fifty day simple moving average is $37.60 and its two-hundred day simple moving average is $34.73. Federated Hermes has a 12-month low of $31.08 and a 12-month high of $42.56. The company has a current ratio of 2.75, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.41 billion, a P/E ratio of 13.39, a PEG ratio of 1.21 and a beta of 1.15.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.14. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The firm had revenue of $408.46 million for the quarter, compared to analyst estimates of $410.26 million. During the same period last year, the company earned $0.86 EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FHI. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Federated Hermes by 2.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock valued at $612,000 after purchasing an additional 340 shares during the last quarter. FORA Capital LLC bought a new position in Federated Hermes in the third quarter worth approximately $252,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Federated Hermes in the third quarter worth approximately $1,287,000. Cadence Bank grew its position in shares of Federated Hermes by 2.1% during the 3rd quarter. Cadence Bank now owns 122,328 shares of the company’s stock valued at $4,498,000 after acquiring an additional 2,469 shares during the period. Finally, FMR LLC increased its stake in shares of Federated Hermes by 2.5% in the 3rd quarter. FMR LLC now owns 5,666,335 shares of the company’s stock worth $208,351,000 after purchasing an additional 137,245 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Insider Activity at Federated Hermes

In other news, VP Dolores D. Dudiak sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the completion of the transaction, the vice president now owns 77,288 shares in the company, valued at $3,083,018.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $39.86, for a total transaction of $484,378.72. Following the transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at $7,138,766.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the completion of the sale, the vice president now directly owns 77,288 shares of the company’s stock, valued at $3,083,018.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be issued a $0.31 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.98%. Federated Hermes’s payout ratio is currently 39.87%.

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.