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Federated Hermes Inc (NYSE: FHI) closed the day trading at $34.15 down -2.37% from the previous closing price of $34.98. In other words, the price has decreased by -$2.37 from its previous closing price. On the day, 1.02 million shares were traded. FHI stock price reached its highest trading level at $34.775 during the session, while it also had its lowest trading level at $34.12.
Ratios:
For a better understanding of FHI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.46. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.39.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on January 05, 2024, initiated with a Neutral rating and assigned the stock a target price of $35.
On January 04, 2024, TD Cowen started tracking the stock assigning a Market Perform rating and target price of $32.
JP Morgan Upgraded its Underweight to Overweight on April 11, 2023, whereas the target price for the stock was revised from $35 to $47.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 05 ’24 when Uhlman Paul A sold 13,820 shares for $36.20 per share. The transaction valued at 500,327 led to the insider holds 276,084 shares of the business.
Nusseibeh Saker Anwar sold 8,302 shares of FHI for $300,105 on Mar 05 ’24. The CEO, Hermes Fund Managers Ltd. now owns 178,176 shares after completing the transaction at $36.15 per share. On Mar 05 ’24, another insider, Germain Peter J, who serves as the EVP, CLO & Sec. of the company, sold 5,305 shares for $36.14 each. As a result, the insider received 191,730 and left with 213,036 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FHI now has a Market Capitalization of 2944286976 and an Enterprise Value of 2674205184. As of this moment, Federated’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.04, and their Forward P/E ratio for the next fiscal year is 8.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.79 while its Price-to-Book (P/B) ratio in mrq is 2.57. Its current Enterprise Value per Revenue stands at 1.661 whereas that against EBITDA is 6.507.
Stock Price History:
Over the past 52 weeks, FHI has reached a high of $43.01, while it has fallen to a 52-week low of $30.23. The 50-Day Moving Average of the stock is -4.21%, while the 200-Day Moving Average is calculated to be -0.11%.
Shares Statistics:
Over the past 3-months, FHI traded about 778.11K shares per day on average, while over the past 10 days, FHI traded about 896630 shares per day. A total of 84.84M shares are outstanding, with a floating share count of 80.60M. Insiders hold about 4.25% of the company’s shares, while institutions hold 78.47% stake in the company. Shares short for FHI as of 1713139200 were 2367317 with a Short Ratio of 3.04, compared to 1710460800 on 1451647. Therefore, it implies a Short% of Shares Outstanding of 2367317 and a Short% of Float of 2.92.
Dividends & Splits
FHI’s forward annual dividend rate is 1.12, up from 1.11 a year ago. Against a Trailing Annual Dividend Yield of 0.031732418The stock’s 5-year Average Dividend Yield is 3.48.
