Federated Hermes, Inc. (NYSE:FHI) Stock Has Average Target Price of $57.40

Shares of Federated Hermes, Inc. (NYSE:FHI – Get Free Report) have been assigned a consensus rating of “Hold” from the eight analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $57.40.

A number of research firms have recently issued reports on FHI. Wall Street Zen raised Federated Hermes from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $58.00 target price on shares of Federated Hermes in a report on Monday, August 3rd. Weiss Ratings downgraded shares of Federated Hermes from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, September 24th. Evercore restated an “outperform” rating and issued a $65.00 price target on shares of Federated Hermes in a report on Monday, August 10th. Finally, Royal Bank Of Canada upped their price target on shares of Federated Hermes from $54.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 2nd.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FHI. Rockefeller Capital Management L.P. increased its stake in Federated Hermes by 24.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock worth $52,000 after buying an additional 194 shares during the period. Root Financial Partners LLC boosted its position in Federated Hermes by 71.0% in the 1st quarter. Root Financial Partners LLC now owns 571 shares of the company’s stock valued at $32,000 after buying an additional 237 shares during the period. State of Michigan Retirement System boosted its position in Federated Hermes by 1.7% in the 1st quarter. State of Michigan Retirement System now owns 17,776 shares of the company’s stock valued at $1,008,000 after buying an additional 300 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Federated Hermes by 2.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 15,172 shares of the company’s stock worth $860,000 after acquiring an additional 400 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its stake in shares of Federated Hermes by 38.4% in the first quarter. AdvisorNet Financial Inc now owns 1,563 shares of the company’s stock worth $89,000 after acquiring an additional 434 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Federated Hermes Stock Performance

Shares of NYSE:FHI opened at $56.58 on Wednesday. The firm’s 50 day simple moving average is $60.96 and its 200-day simple moving average is $58.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.89 and a current ratio of 2.59. Federated Hermes has a one year low of $46.66 and a one year high of $67.20. The firm has a market cap of $4.22 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 1.48 and a beta of 0.66.

Federated Hermes (NYSE:FHI – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.19. The firm had revenue of $502.78 million during the quarter, compared to analyst estimates of $488.34 million. Federated Hermes had a return on equity of 34.03% and a net margin of 21.30%.Federated Hermes’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 earnings per share. As a group, equities analysts predict that Federated Hermes will post 5.55 EPS for the current year.

Federated Hermes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, August 7th. This represents a $1.52 dividend on an annualized basis and a yield of 2.7%. Federated Hermes’s dividend payout ratio is currently 28.25%.

About Federated Hermes

(Get Free Report)

Federated Hermes, Inc is a global investment management company that provides investment strategies and related services to institutions, financial professionals and individual investors. The company manages assets across a range of asset classes, including equities, fixed income, money market instruments, multi-asset strategies and alternative investments.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, collective investment funds and institutional mandates.

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