Federated Hermes (NYSE:FHI) Sets New 1-Year High – Should You Buy?

Federated Hermes, Inc. (NYSE:FHI) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $42.67 and last traded at $42.67, with a volume of 236 shares traded. The stock had previously closed at $42.34.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Evercore ISI increased their price target on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Royal Bank of Canada raised their price objective on Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. UBS Group increased their target price on Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $46.00 in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.33.

Federated Hermes Stock Up 0.8 %

The company has a market capitalization of $3.49 billion, a P/E ratio of 13.61, a PEG ratio of 1.18 and a beta of 1.15. 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 company has a 50 day moving average of $38.68 and a 200-day moving average of $35.19.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.06 earnings per share 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 firm had revenue of $408.46 million for the quarter, compared to analyst estimates of $410.26 million. During the same period last year, the company earned $0.86 EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that Federated Hermes, Inc. will post 3.88 EPS for the current year.

Federated Hermes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Friday, November 8th. Federated Hermes’s payout ratio is currently 39.87%.

Insider Transactions at Federated Hermes

In related news, VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total transaction of $199,450.00. Following the completion of the transaction, the vice president now directly owns 77,288 shares of the company’s stock, valued at $3,083,018.32. This trade represents a 6.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Richard A. Novak sold 1,363 shares of Federated Hermes stock in a transaction that occurred 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 owns 53,837 shares of the company’s stock, valued at $2,232,620.39. The trade was a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,280 shares of company stock valued at $1,185,871. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

Several hedge funds have recently added to or reduced their stakes in FHI. GAMMA Investing LLC increased its position in shares of 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 acquiring an additional 349 shares in the last quarter. CWM LLC lifted its holdings in shares of Federated Hermes by 985.7% during the second quarter. CWM LLC now owns 1,444 shares of the company’s stock valued at $47,000 after purchasing an additional 1,311 shares in the last quarter. Mather Group LLC. bought a new stake in Federated Hermes in the 2nd quarter worth about $47,000. UMB Bank n.a. raised its position in Federated Hermes by 26.0% in the 2nd 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 last quarter. Finally, Neo Ivy Capital Management bought a new position in Federated Hermes during the 3rd quarter valued at about $60,000. 75.94% of the stock is owned by 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.