Investment Analysts’ Weekly Ratings Updates for Federated Hermes (FHI)

Federated Hermes (NYSE: FHI) recently received a number of ratings updates from brokerages and research firms:

• 11/18/2024 – Federated Hermes was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 11/11/2024 – Federated Hermes had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $43.00 to $45.00. They now have a “buy” rating on the stock.
• 11/7/2024 – Federated Hermes had its price target raised by analysts at Evercore ISI from $41.00 to $43.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – Federated Hermes was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 10/30/2024 – Federated Hermes was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 10/28/2024 – Federated Hermes had its price target raised by analysts at Royal Bank of Canada from $36.00 to $39.00. They now have a “sector perform” rating on the stock.
• 10/28/2024 – Federated Hermes was upgraded by analysts at TD Cowen from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock, up previously from $35.00.
• 10/22/2024 – Federated Hermes had its price target raised by analysts at UBS Group AG from $36.00 to $40.00. They now have a “neutral” rating on the stock.
• 10/11/2024 – Federated Hermes had its price target raised by analysts at Royal Bank of Canada from $35.00 to $36.00. They now have a “sector perform” rating on the stock.
• 10/4/2024 – Federated Hermes had its price target raised by analysts at Evercore ISI from $36.00 to $38.00. They now have an “outperform” rating on the stock.
• 10/4/2024 – Federated Hermes was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Federated Hermes Stock Performance

Federated Hermes stock traded up $0.14 during mid-day trading on Wednesday, reaching $41.41. 459,860 shares of the stock traded hands, compared to its average volume of 710,290. The business’s 50-day moving average is $38.23 and its 200-day moving average is $35.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.75 and a quick ratio of 2.03. The stock has a market capitalization of $3.39 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 1.17 and a beta of 1.15. Federated Hermes, Inc. has a 12-month low of $31.08 and a 12-month high of $42.56.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.14. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The company had revenue of $408.46 million during the quarter, compared to the consensus estimate of $410.26 million. During the same period last year, the company earned $0.86 earnings per share. Federated Hermes’s revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts predict that Federated Hermes, Inc. will post 3.88 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.99%. Federated Hermes’s dividend payout ratio (DPR) is 39.87%.

Insider Activity at Federated Hermes

In other news, insider Richard A. Novak sold 1,363 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total value of $56,523.61. Following the sale, the insider now directly owns 53,837 shares in the company, valued at approximately $2,232,620.39. This trade represents a 2.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the sale, the vice president now owns 77,288 shares in the company, valued at $3,083,018.32. This trade represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,280 shares of company stock valued at $1,185,871. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of Federated Hermes

Several institutional investors and hedge funds have recently modified their holdings of FHI. GAMMA Investing LLC lifted its stake in shares of Federated Hermes by 49.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after purchasing an additional 349 shares in the last quarter. Mather Group LLC. bought a new position in Federated Hermes in the second quarter worth about $47,000. CWM LLC increased its holdings in shares of Federated Hermes by 985.7% in the 2nd quarter. CWM LLC now owns 1,444 shares of the company’s stock worth $47,000 after acquiring an additional 1,311 shares during the period. UMB Bank n.a. boosted its position in shares of Federated Hermes by 26.0% during the second quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock worth $47,000 after buying an additional 296 shares during the period. Finally, Neo Ivy Capital Management bought a new position in shares of Federated Hermes in the third quarter worth $60,000. Hedge funds and other institutional investors own 75.94% of the company’s stock.

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.