There’s No Getting Around Federated Hermes Inc (NYSE: FHI) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Federated Hermes, Inc. reports fourth quarter and full-year 2023 earnings.

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Stocks Info

FHI belongs to the Financial sector of the NYSE while operating in the Asset Management industry. At the end of the last regular session, the stock closed at $35.69 and fluctuated between $35.74 as its day high and $34.47 as its day low. The current market capitalization of Federated Hermes Inc is $3.08B. A total of 0.94 million shares were traded on the day, compared to an average of 782.77K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, FHI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 12 BUYs and 28 SELLs from insiders. Insiders purchased 142,046 shares during that period but sold 1,471,669.

In the most recent transaction, Van Meter Stephen sold 1,660 shares of FHI for 36.15 per share on Jan 30. After the transaction, the VP, Chief Compliance Officer now owns 31,689 company shares. In a previous transaction on Nov 21, Nusseibeh Saker Anwar sold 2,642 shares at 31.75 per share. FHI shares that CEO, Hermes Fund Managers Ltd. owns now total 186,478.

Among the insiders who sold shares, FISHER JOHN B disposed of 7,622 shares on Nov 20 at a per-share price of $31.91. This resulted in the Vice President holding 522,400 shares of FHI after the transaction. In another insider transaction, Ceresino Gordon J sold 6,899 shares at $31.91 per share on Nov 20. Company shares held by the Vice Chairman now total 134,073.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Federated Hermes Inc pays an annual dividend of $1.21, resulting in a dividend yield of 3.38%, and it has a price to earnings (P/E) ratio of 10.35. FHI’s most recent ex-dividend date was 2/7/2024 when it declared a $0.28 quarterly dividend that was paid in cash on 2/15/2024. Previously, the company paid the dividend on 11/15/2023 with an ex-dividend date of 11/7/2023. The FHI stock dividend was $0.28 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for FHI in the last 3 months, the mean price target is $38.63 with high estimates of $46.00 and low estimates of $35.00. In terms of 52-week highs and lows, FHI has a high of $45.55 and a low of $30.23.

As of this writing, FHI has an earnings estimate of $0.84 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.89 per share and a lower estimate of $0.8. The company reported an EPS of $0.86 in the last quarter, which was 3.60% higher than expectations of $0.83.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. FHI’s latest balance sheet shows that the firm has $426.67M in Cash & Short Term Investments as of fiscal 2021. There were $346.07M in debt and $270.71M in liabilities at the time. Its Book Value Per Share was $12.75, while its Total Shareholder’s Equity was $1.18B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FHI is Buy with a score of 3.86.

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