Federated Hermes Inc (NYSE:FHI) finished Wednesday with a subtraction of -$0.23 to close at $33.80, a downside of -0.68 percent. An average of 926,000 shares of common stock have been traded in the last five days. There was a fall of -$1.36 in the past week, and it reached a new high 28 times over the past 12 months. The last 20 days have seen an average of 750,045 shares traded, while the 50-day average volume stands at 736,866.
FHI stock has decreased by -2.51% in the last month. The company shares reached their 1-month lowest point of $33.63 on 09/27/23. With the stock rallying to its 52-week high on 04/18/23, shares of the company touched a low of $30.30 and a high of $45.55 in 52 weeks. It has reached a new high 17 times so far this year and lost -6.91% or -$2.51 in price. In spite of this, the price is down -25.80% from the 52-week high.
Insider Transactions
FHI stock investors should be aware that Federated Hermes Inc (FHI) stock had its last reported insider trading activity 23 days ago on Sep 05. In this transaction, the insider spent $270,905. VP, Chief Compliance Officer, Van Meter Stephen, disposed of 74 shares at a price of $33.17 on Aug 02. The insider now owns more than $2,454 worth of shares. Prior to that, CEO, Hermes Fund Managers Ltd. Nusseibeh Saker Anwar went on to Sale 43,135 shares at $36.10 each on Jul 03. An amount of $1,557,277 was transacted.
Valuation Metrics
Federated Hermes Inc (FHI) has a trailing price-to-earnings (P/E) ratio of 11.26. The stock’s beta is 1.03. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.91, the price-to-book (PB) ratio at 2.63, and the price-to-cash flow ratio at 9.45.
The company has a payout ratio of 40.68%. The company’s most recent quarterly dividend payment was $0.0350 a share, representing a down of -87.5% from $0.28 last year. Its latest decrease dividend $0.2450 reported on Monday September 11 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.37 and a total debt to equity ratio of 0.39 for the quarter ending June 29. Its gross profit as reported stood at $336.8 million compared to revenue of $1.45 billion.
Earnings Surprise
For the three-month period that ended June 29, Federated Hermes Inc had $347.71 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $72.18 million in the quarter, while revenues of $69.6 million were grew 20.12%. The analyst consensus anticipated Federated Hermes Inc’s latest quarter earnings to come in at $0.82 per share, but it turned out to be $0.81, a -1.20% surprise. For the quarter, EBITDA amounted to $105.09 million. At the end of the quarter ending June 29, Federated Hermes Inc’s stock balance sheet showed total debt was $440.04 million. Shareholders own equity worth $88.3 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Federated Hermes Inc (FHI) price momentum. RSI 9-day as of the close on 27 September was 34.65%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.77%.
As of today, FHI’s price is $34.52 -3.87% or -$1.36 from its 5-day moving average. FHI is currently trading -2.76% lower than its 20-day SMA and -13.60% lower than its 100-day SMA. However, the stock’s current price level is -4.74% below the SMA50 and -8.33% below the SMA200.
The stochastic %K and %D were 17.01% and 33.56%, respectively, and the average true range (ATR) was 0.65. With the 14-day stochastic at 8.37% and the average true range at 0.66, the RSI (14) stands at 40.83%. The stock has reached -0.48 on the 9-day MACD Oscillator while the 14-day reading was at -0.51.
Analyst Ratings
JP Morgan upgraded Federated Hermes Inc (NYSE: FHI) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Underweight. The consensus rating for Federated Hermes Inc (FHI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FHI, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is FHI’s price target for the next 12 months?
Analysts predict a range of price targets between $35.00 and $45.00, with a median target of $37.00. Taking a look at these predictions, the average price target given by analysts for Federated Hermes Inc (FHI) stock is $39.29.
