Currently, there are 84.84M common shares owned by the public and among those 78.90M shares have been available to trade.
The company’s stock has a 5-day price change of 0.44% and 3.41% over the past three months. FHI shares are trading 4.43% year to date (YTD), with the 12-month market performance up to 1.55% higher. It has a 12-month low price of $29.32 and touched a high of $36.37 over the same period. FHI has an average intraday trading volume of 701.89K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.91%, 2.36%, and 3.04% respectively.
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Institutional ownership of Federated Hermes Inc (NYSE: FHI) shares accounts for 80.82% of the company’s 84.84M shares outstanding.
It has a market capitalization of $2.83B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 11.80, while the earnings-per-share (ttm) stands at $2.91. The company has a PEG of 1.67 and the debt-to-equity ratio at 0.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.25% over the week and 1.87% over the month.
Earnings per share for the fiscal year are expected to decrease by -10.04%, and 33.79% over the next financial year. EPS should shrink at an annualized rate of 7.07% over the next five years, compared to 9.33% over the past 5-year period.
Looking at the support for the FHI, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on January 05, 2024, with the firm’s price target at $35. TD Cowen coverage for the Federated Hermes Inc (FHI) stock in a research note released on January 04, 2024 offered a Market Perform rating with a price target of $32. JP Morgan was of a view on April 11, 2023 that the stock is Overweight, while Keefe Bruyette gave the stock Outperform rating on June 29, 2022, issuing a price target of $32- $40. Citigroup on their part issued Sell rating on April 12, 2022.
