Federated Hermes, Inc. (NYSE:FHI - Get Free Report) has earned a consensus rating of "Hold" from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $42.17.
Several equities research analysts have commented on the stock. StockNews.com cut shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 26th. TD Cowen raised shares of Federated Hermes from a "hold" rating to a "buy" rating and increased their target price for the company from $35.00 to $46.00 in a research note on Monday, October 28th. JPMorgan Chase & Co. restated a "neutral" rating and set a $42.00 target price (down from $49.00) on shares of Federated Hermes in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $43.00 price objective (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada raised their price objective on Federated Hermes from $36.00 to $39.00 and gave the stock a "sector perform" rating in a research note on Monday, October 28th.
Read Our Latest Analysis on Federated Hermes
Shares of NYSE:FHI opened at $38.39 on Monday. Federated Hermes has a twelve month low of $31.24 and a twelve month high of $43.92. 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 firm has a market cap of $3.14 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.19 and a beta of 1.16. The company has a 50 day moving average of $41.59 and a 200-day moving average of $37.42.
Federated Hermes (NYSE:FHI - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $410.26 million. During the same period last year, the company posted $0.86 EPS. The firm's quarterly revenue was up 1.4% on a year-over-year basis. As a group, analysts anticipate that Federated Hermes will post 3.88 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.23%. Federated Hermes's dividend payout ratio (DPR) is presently 39.87%.
In related news, CEO Saker Anwar Nusseibeh sold 12,152 shares of Federated Hermes 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 completion of the sale, the chief executive officer now owns 179,096 shares of the company's stock, valued at approximately $7,138,766.56. This trade represents a 6.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul A. Uhlman sold 6,311 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.39, for a total value of $261,212.29. Following the completion of the transaction, the vice president now directly owns 310,767 shares in the company, valued at approximately $12,862,646.13. The trade was a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,280 shares of company stock valued at $1,185,871. Company insiders own 3.70% of the company's stock.
Several large investors have recently made changes to their positions in FHI. Los Angeles Capital Management LLC acquired a new stake in Federated Hermes in the second quarter valued at approximately $206,000. Acadian Asset Management LLC boosted its holdings in Federated Hermes by 23.3% in the second quarter. Acadian Asset Management LLC now owns 3,402 shares of the company's stock worth $111,000 after purchasing an additional 643 shares in the last quarter. Headlands Technologies LLC increased its position in Federated Hermes by 134.9% during the second quarter. Headlands Technologies LLC now owns 1,945 shares of the company's stock worth $64,000 after buying an additional 1,117 shares during the last quarter. American Century Companies Inc. raised its holdings in Federated Hermes by 112.4% during the second quarter. American Century Companies Inc. now owns 56,333 shares of the company's stock valued at $1,852,000 after buying an additional 29,814 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Federated Hermes in the second quarter worth about $120,000. Institutional investors own 75.94% of the company's stock.
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.
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