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Federated Hermes, Inc. (NYSE:FHI – Get Free Report) has been assigned an average rating of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $48.1667.
Several brokerages recently weighed in on FHI. Wall Street Zen lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Royal Bank Of Canada increased their price target on Federated Hermes from $45.00 to $51.00 and gave the company a “sector perform” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. upgraded Federated Hermes from an “underweight” rating to a “neutral” rating and increased their price target for the company from $40.00 to $54.00 in a report on Monday, August 4th. Zacks Research downgraded Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. Finally, Evercore ISI increased their price target on Federated Hermes from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, September 5th.
Read Our Latest Analysis on Federated Hermes
Federated Hermes Trading Down 0.4%
Shares of FHI opened at $52.50 on Friday. The company has a current ratio of 3.37, a quick ratio of 2.32 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $4.07 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 0.70 and a beta of 0.84. The stock’s fifty day simple moving average is $51.52 and its 200 day simple moving average is $44.85. Federated Hermes has a twelve month low of $35.05 and a twelve month high of $54.42.
Federated Hermes (NYSE:FHI – Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.17. The business had revenue of $424.84 million for the quarter, compared to analyst estimates of $424.83 million. Federated Hermes had a return on equity of 32.30% and a net margin of 21.67%.The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.96 EPS. On average, equities research analysts forecast that Federated Hermes will post 4.04 earnings per share for the current year.
Federated Hermes Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, August 8th. Federated Hermes’s dividend payout ratio is currently 30.16%.
Institutional Trading of Federated Hermes
Large investors have recently modified their holdings of the business. Deutsche Bank AG grew its stake in shares of Federated Hermes by 38.5% during the first quarter. Deutsche Bank AG now owns 24,213 shares of the company’s stock valued at $987,000 after acquiring an additional 6,734 shares in the last quarter. Meritage Portfolio Management grew its stake in shares of Federated Hermes by 100.7% during the first quarter. Meritage Portfolio Management now owns 22,964 shares of the company’s stock valued at $936,000 after acquiring an additional 11,523 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Federated Hermes during the first quarter valued at about $2,584,000. Ritholtz Wealth Management acquired a new stake in shares of Federated Hermes during the first quarter valued at about $1,283,000. Finally, LPL Financial LLC grew its stake in shares of Federated Hermes by 373.9% during the first quarter. LPL Financial LLC now owns 91,474 shares of the company’s stock valued at $3,729,000 after acquiring an additional 72,173 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.
About Federated Hermes
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.
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