Analysts Set Federated Hermes, Inc. (NYSE:FHI) PT at $42.00

Federated Hermes, Inc. (NYSE:FHI) has received an average rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $42.00.

Several analysts have recently weighed in on FHI shares. Evercore ISI lifted their price objective on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group lifted 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. Royal Bank of Canada lowered their price objective on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 28th. TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $46.00 in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th.

Federated Hermes Stock Down 1.7 %

Shares of NYSE FHI opened at $38.79 on Friday. The company has a market capitalization of $3.17 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 1.02 and a beta of 1.16. Federated Hermes has a 52-week low of $31.24 and a 52-week high of $43.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The company’s 50 day moving average price is $40.35 and its 200-day moving average price is $38.13.

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

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.20%. Federated Hermes’s dividend payout ratio (DPR) is presently 38.87%.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, insider Richard A. Novak sold 1,363 shares of Federated Hermes stock in a transaction on 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 of the company’s stock, valued at $2,232,620.39. The trade was a 2.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul A. Uhlman sold 6,311 shares of Federated Hermes stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.39, for a total transaction of $261,212.29. Following the transaction, the vice president now directly owns 310,767 shares in the company, valued at $12,862,646.13. This represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,128 shares of company stock worth $502,042. 3.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Federated Hermes

Hedge funds have recently bought and sold shares of the company. Avantax Planning Partners Inc. boosted its holdings in shares of Federated Hermes by 14.9% in the 4th quarter. Avantax Planning Partners Inc. now owns 8,040 shares of the company’s stock worth $331,000 after buying an additional 1,040 shares during the last quarter. Moran Wealth Management LLC boosted its holdings in shares of Federated Hermes by 2.7% in the 4th quarter. Moran Wealth Management LLC now owns 72,427 shares of the company’s stock worth $2,977,000 after buying an additional 1,870 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Federated Hermes by 24.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,666 shares of the company’s stock worth $850,000 after buying an additional 4,028 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of Federated Hermes by 19.9% in the 4th quarter. AlphaQuest LLC now owns 64,141 shares of the company’s stock worth $2,637,000 after buying an additional 10,644 shares during the last quarter. Finally, Kendall Capital Management boosted its holdings in shares of Federated Hermes by 13.4% in the 4th quarter. Kendall Capital Management now owns 65,925 shares of the company’s stock worth $2,710,000 after buying an additional 7,790 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

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.