Federated Hermes (NYSE:FHI) Reaches New 12-Month High – Should You Buy?

Federated Hermes, Inc. (NYSE:FHI)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $39.03 and last traded at $38.88, with a volume of 180342 shares. The stock had previously closed at $38.70.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Evercore ISI increased their target price on shares of Federated Hermes from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Royal Bank of Canada lifted their price objective on shares of Federated Hermes from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. StockNews.com raised shares of Federated Hermes from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. raised their price target on shares of Federated Hermes from $46.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, UBS Group boosted their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Federated Hermes presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

Federated Hermes Stock Down 0.4 %

The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 1.41 and a beta of 1.16. The business’s 50-day moving average is $35.53 and its two-hundred day moving average is $34.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.09 and a current ratio of 2.75.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, July 25th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.89 by $0.07. The firm had revenue of $402.60 million for the quarter, compared to the consensus estimate of $400.35 million. Federated Hermes had a net margin of 15.90% and a return on equity of 28.60%. The business’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the company posted $0.81 EPS. On average, equities analysts anticipate that Federated Hermes, Inc. will post 3.63 earnings per share for the current year.

Federated Hermes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 8th were issued a $0.31 dividend. The ex-dividend date was Thursday, August 8th. This is an increase from Federated Hermes’s previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.26%. Federated Hermes’s dividend payout ratio (DPR) is 35.23%.

Insider Activity

In related news, VP John B. Fisher sold 79,830 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.71, for a total value of $2,611,239.30. Following the completion of the transaction, the vice president now directly owns 442,570 shares of the company’s stock, valued at approximately $14,476,464.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FHI. Headlands Technologies LLC raised its stake in Federated Hermes by 607.7% during the first quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock worth $30,000 after acquiring an additional 711 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Federated Hermes by 49.0% in 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 during the last quarter. Mather Group LLC. bought a new stake in Federated Hermes in the second quarter valued at approximately $47,000. CWM LLC boosted its holdings in Federated Hermes by 985.7% in the second quarter. CWM LLC now owns 1,444 shares of the company’s stock valued at $47,000 after acquiring an additional 1,311 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Federated Hermes by 26.0% during 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 in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

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.