Federated Hermes, Inc. (NYSE:FHI) Given Average Recommendation of “Moderate Buy” by Analysts

Federated Hermes, Inc. (NYSE:FHI) has earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $43.33.

FHI has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their price objective on Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 26th. TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $35.00 to $46.00 in a research note on Monday, October 28th. Evercore ISI raised their target price on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada upped their price target on shares of Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a report on Monday, October 28th.

Federated Hermes Stock Up 0.9 %

NYSE FHI opened at $41.28 on Thursday. The stock has a 50 day moving average price of $41.29 and a 200-day moving average price of $36.69. Federated Hermes has a one year low of $31.24 and a one year high of $43.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75. The company has a market capitalization of $3.38 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.19 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 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.14. The business had revenue of $408.46 million during the quarter, compared to analysts’ expectations of $410.26 million. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.86 EPS. As a group, equities analysts predict that Federated Hermes will post 3.88 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.00%. Federated Hermes’s payout ratio is 39.87%.

Insiders Place Their Bets

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $39.86, for a total value of $484,378.72. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares in the company, valued at approximately $7,138,766.56. This represents a 6.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard A. Novak sold 1,363 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.47, for a total value of $56,523.61. Following the transaction, the insider now directly owns 53,837 shares in the company, valued at $2,232,620.39. The trade was a 2.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,280 shares of company stock worth $1,185,871 in the last three months. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

Several large investors have recently modified their holdings of the business. Bank of Montreal Can boosted its stake in shares of Federated Hermes by 102.7% during the second quarter. Bank of Montreal Can now owns 282,995 shares of the company’s stock valued at $9,308,000 after purchasing an additional 143,363 shares in the last quarter. GAMMA Investing LLC boosted its position in Federated Hermes by 49.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after acquiring an additional 349 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Federated Hermes by 24.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock valued at $28,282,000 after acquiring an additional 152,926 shares in the last quarter. Factorial Partners LLC increased its holdings in shares of Federated Hermes by 11.5% in the 3rd quarter. Factorial Partners LLC now owns 160,239 shares of the company’s stock valued at $5,892,000 after acquiring an additional 16,500 shares during the period. Finally, Paralel Advisors LLC bought a new position in shares of Federated Hermes in the 2nd quarter worth $2,078,000. Institutional investors own 75.94% of the company’s stock.

About Federated Hermes

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.