Federated Hermes, Inc. (NYSE:FHI) Receives $42.00 Consensus Price Target from Brokerages

Federated Hermes, Inc. (NYSE:FHI) has received an average rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat reports. One equities research 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 12 month target price among analysts that have issued a report on the stock in the last year is $42.00.

A number of analysts have weighed in on the company. Royal Bank of Canada reduced their target price on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 28th. UBS Group raised their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. StockNews.com downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. Evercore ISI raised their price target on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and raised their price target for the stock from $35.00 to $46.00 in a research note on Monday, October 28th.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, VP Paul A. Uhlman sold 6,311 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.39, for a total transaction of $261,212.29. Following the transaction, the vice president now owns 310,767 shares of the company’s stock, valued at approximately $12,862,646.13. This trade represents a 1.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard A. Novak sold 1,363 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total transaction of $56,523.61. Following the transaction, the insider now directly owns 53,837 shares in the company, valued at $2,232,620.39. This trade represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,674 shares of company stock valued at $717,283. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FHI. GAMMA Investing LLC grew its position in shares of Federated Hermes by 49.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after buying an additional 349 shares during the last quarter. R Squared Ltd purchased a new position in shares of Federated Hermes in the 4th quarter worth approximately $43,000. Sound Income Strategies LLC purchased a new position in shares of Federated Hermes in the 4th quarter worth approximately $53,000. Neo Ivy Capital Management purchased a new position in shares of Federated Hermes in the 3rd quarter worth approximately $60,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Federated Hermes in the 4th quarter worth approximately $73,000. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Federated Hermes Trading Up 1.0 %

Shares of FHI stock opened at $38.39 on Friday. Federated Hermes has a 1 year low of $31.24 and a 1 year high of $43.92. 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 stock’s 50 day simple moving average is $40.09 and its two-hundred day simple moving average is $38.19. The company has a market cap of $3.14 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.02 and a beta of 1.16.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. Research analysts predict that Federated Hermes will post 4.09 earnings per share for the current year.

Federated Hermes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Friday, February 7th. Federated Hermes’s dividend payout ratio (DPR) is 38.87%.

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.