Zacks Research Issues Optimistic Forecast for FHI Earnings

Federated Hermes, Inc. (NYSE:FHI) – Equities researchers at Zacks Research raised their Q4 2024 EPS estimates for shares of Federated Hermes in a research note issued to investors on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the company will earn $0.85 per share for the quarter, up from their previous 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.

A number of other analysts have also recently commented on FHI. Royal Bank of Canada upped their price target on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. StockNews.com downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 7th. TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $46.00 in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, UBS Group raised their price target on Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.33.

Federated Hermes Price Performance

Shares of Federated Hermes stock opened at $42.18 on Thursday. The stock has a market cap of $3.45 billion, a P/E ratio of 13.51, a P/E/G ratio of 1.17 and a beta of 1.15. 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 stock’s fifty day moving average is $37.75 and its 200 day moving average is $34.78. Federated Hermes has a one year low of $31.08 and a one year high of $42.56.

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

Hedge Funds Weigh In On Federated Hermes

A number of large investors have recently bought and sold shares of FHI. Vanguard Group Inc. grew its holdings in shares of Federated Hermes by 0.5% in the first quarter. Vanguard Group Inc. now owns 8,577,679 shares of the company’s stock worth $309,826,000 after purchasing an additional 45,214 shares during the last quarter. FMR LLC grew its stake in 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 acquiring an additional 137,245 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Federated Hermes by 88.3% during the second quarter. AQR Capital Management LLC now owns 2,689,488 shares of the company’s stock worth $87,866,000 after acquiring an additional 1,261,097 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Federated Hermes by 39.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,142,192 shares of the company’s stock valued at $37,555,000 after acquiring an additional 324,958 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Federated Hermes by 1.1% in the second quarter. Millennium Management LLC now owns 969,844 shares of the company’s stock valued at $31,888,000 after purchasing an additional 10,552 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Insiders Place Their Bets

In related news, VP Dolores D. Dudiak sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total transaction of $199,450.00. Following the transaction, the vice president now directly owns 77,288 shares in the company, valued at approximately $3,083,018.32. This represents a 6.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of the firm’s stock in a transaction dated 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 directly owns 179,096 shares of the company’s stock, valued at approximately $7,138,766.56. The trade was a 6.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Federated Hermes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were issued 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 2.94%. Federated Hermes’s dividend payout ratio (DPR) is 39.87%.

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.