Federated Hermes, Inc. (NYSE:FHI) Given Average Rating of “Hold” by Analysts

Shares of Federated Hermes, Inc. (NYSE:FHI) have been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $42.17.

A number of equities analysts recently weighed in on the company. StockNews.com cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Friday, March 21st. Evercore ISI set a $44.00 target price on Federated Hermes in a research report on Monday, February 3rd. UBS Group lifted their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th.

Federated Hermes Price Performance

NYSE:FHI opened at $40.70 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. The company has a 50 day moving average price of $38.95 and a 200-day moving average price of $39.34. Federated Hermes has a 1-year low of $31.24 and a 1-year high of $43.92. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10.

Federated Hermes (NYSE:FHI) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. Equities research analysts forecast that Federated Hermes will post 4.04 EPS for the current year.

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Friday, February 7th. Federated Hermes’s dividend payout ratio (DPR) is 38.87%.

Insider Activity at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $38.81, for a total value of $215,240.26. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at $6,950,715.76. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Federated Hermes

A number of institutional investors have recently bought and sold shares of FHI. Quarry LP acquired a new stake in shares of Federated Hermes during the 4th quarter worth approximately $37,000. R Squared Ltd purchased a new position in Federated Hermes in the fourth quarter worth approximately $43,000. Sound Income Strategies LLC acquired a new stake in Federated Hermes during the fourth quarter worth $53,000. Neo Ivy Capital Management purchased a new stake in Federated Hermes in the third quarter valued at $60,000. Finally, GAMMA Investing LLC lifted its stake in shares of Federated Hermes by 60.9% in the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock valued at $70,000 after purchasing an additional 646 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

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.