Federated Hermes, Inc. (NYSE:FHI) Receives $43.33 Consensus Target Price from Analysts

Federated Hermes, Inc. (NYSE:FHI) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $43.33.

Several analysts have weighed in on FHI shares. Evercore ISI boosted their target price on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Royal Bank of Canada boosted their target price on shares of Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $46.00 in a report on Monday, October 28th. Finally, UBS Group upped their price objective on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd.

Insider Activity at Federated Hermes

In other Federated Hermes news, VP Dolores D. Dudiak sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total transaction of $199,450.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Richard A. Novak sold 1,363 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.47, for a total transaction of $56,523.61. Following the transaction, the insider now owns 53,837 shares of the company’s stock, valued at $2,232,620.39. This represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,280 shares of company stock worth $1,185,871 in the last three months. Company insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Federated Hermes

A number of large investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Federated Hermes during the third quarter worth $113,000. Sanctuary Advisors LLC purchased a new stake in shares of Federated Hermes during the third quarter worth $475,000. Passumpsic Savings Bank purchased a new stake in shares of Federated Hermes in the third quarter valued at about $206,000. Hohimer Wealth Management LLC purchased a new stake in shares of Federated Hermes in the third quarter valued at about $228,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Federated Hermes in the third quarter valued at about $60,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Stock Down 0.0 %

Shares of Federated Hermes stock opened at $42.84 on Friday. The firm’s 50 day moving average price is $39.24 and its 200-day moving average price is $35.43. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32. Federated Hermes has a 52-week low of $31.08 and a 52-week high of $43.23. The company has a market cap of $3.50 billion, a P/E ratio of 13.77, a PEG 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.14. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The firm had revenue of $408.46 million for the quarter, compared to the consensus estimate of $410.26 million. During the same quarter in the previous year, the firm earned $0.86 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts predict that Federated Hermes will post 3.88 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Friday, November 8th. Federated Hermes’s dividend payout ratio is currently 39.87%.

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.