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

Shares of Federated Hermes, Inc. (NYSE:FHI) have been assigned an average rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One equities 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 analysts that have updated their coverage on the stock in the last year is $42.00.

A number of research firms recently commented on FHI. Evercore ISI upped their price objective on Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. UBS Group upped their price target on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reduced their price target on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 28th.

Insider Transactions at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company’s stock in a transaction dated 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 $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Paul A. Uhlman sold 6,311 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.39, for a total value of $261,212.29. Following the completion of the transaction, the vice president now directly owns 310,767 shares of the company’s stock, valued at approximately $12,862,646.13. This trade represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,674 shares of company stock valued at $717,283 over the last 90 days. Company insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Federated Hermes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FHI. GAMMA Investing LLC boosted its stake in Federated Hermes by 49.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after buying an additional 349 shares during the last quarter. R Squared Ltd bought a new position in Federated Hermes during the fourth quarter valued at approximately $43,000. Sound Income Strategies LLC bought a new position in Federated Hermes during the fourth quarter valued at approximately $53,000. Neo Ivy Capital Management purchased a new stake in Federated Hermes during the third quarter valued at approximately $60,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Federated Hermes during the fourth quarter valued at approximately $73,000. 75.94% of the stock is owned by institutional investors.

Federated Hermes Stock Up 1.0 %

Federated Hermes stock opened at $38.39 on Friday. The stock has a market cap of $3.14 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.02 and a beta of 1.16. 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 stock has a fifty day moving average of $40.09 and a 200 day moving average of $38.19.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. As a group, sell-side analysts predict that Federated Hermes will post 4.09 EPS for the current year.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Friday, February 7th. Federated Hermes’s dividend payout ratio (DPR) 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.