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

Shares of Federated Hermes, Inc. (NYSE:FHI) have earned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $42.17.

A number of brokerages recently commented on FHI. StockNews.com upgraded shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Monday. Evercore ISI set a $44.00 price objective on shares of Federated Hermes in a report on Monday, February 3rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reaffirmed 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. Finally, UBS Group raised their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd.

Federated Hermes Trading Down 0.4 %

Shares of NYSE:FHI opened at $38.60 on Tuesday. Federated Hermes has a 12 month low of $31.24 and a 12 month high of $43.92. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $39.13 and its 200 day simple moving average is $38.69. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.00 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 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, research analysts forecast that Federated Hermes will post 4.04 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Friday, February 7th. Federated Hermes’s dividend payout ratio (DPR) is currently 38.87%.

Insider Activity

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction dated Friday, February 7th. The shares were 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 $6,950,715.76. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP bought a new position in shares of Federated Hermes in the 4th quarter valued at about $37,000. R Squared Ltd bought a new position in shares of Federated Hermes in the 4th quarter valued at about $43,000. Sound Income Strategies LLC bought a new stake in shares of Federated Hermes during the 4th quarter worth about $53,000. Neo Ivy Capital Management bought a new stake in shares of Federated Hermes during the 3rd quarter worth about $60,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Federated Hermes by 60.9% during the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after buying an additional 646 shares during the period. Institutional investors own 75.94% of the company’s stock.

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.