Analysts Set Federated Hermes, Inc. (NYSE:FHI) Price Target at $42.17

Federated Hermes, Inc. (NYSE:FHI) has been assigned a consensus recommendation of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $42.17.

A number of research firms have recently weighed in on FHI. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Evercore ISI set a $44.00 price objective on Federated Hermes 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Finally, UBS Group upped their price objective 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.

Insider Activity

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

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

Federated Hermes Trading Down 6.4 %

FHI stock opened at $36.94 on Friday. The company has a market capitalization of $3.00 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. Federated Hermes has a one year low of $31.24 and a one year high of $43.92. The company’s 50 day moving average price is $39.11 and its two-hundred day moving average price is $39.53.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, January 30th. The company reported $1.04 EPS for the quarter, topping 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%. As a group, analysts predict that Federated Hermes will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The business 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. The ex-dividend date was Friday, February 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.36%. Federated Hermes’s dividend payout ratio 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.