Federated Hermes, Inc. (NYSE:FHI) CEO Saker Anwar Nusseibeh Sells 4,454 Shares

Federated Hermes, Inc. (NYSE:FHI) CEO Saker Anwar Nusseibeh sold 4,454 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.38, for a total value of $184,306.52. Following the sale, the chief executive officer now owns 184,642 shares in the company, valued at approximately $7,640,485.96. This trade represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Saker Anwar Nusseibeh also recently made the following trade(s):

• On Monday, November 4th, Saker Anwar Nusseibeh sold 12,152 shares of Federated Hermes stock. The shares were sold at an average price of $39.86, for a total value of $484,378.72.

Federated Hermes Stock Performance

Shares of Federated Hermes stock opened at $42.34 on Friday. The company has a market capitalization of $3.46 billion, a PE ratio of 13.61, a PEG ratio of 1.15 and a beta of 1.15. Federated Hermes, Inc. has a 12 month low of $31.08 and a 12 month high of $42.56. The company has a current ratio of 2.75, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $38.68 and its 200 day simple moving average is $35.15.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.92 by $0.14. The business had revenue of $408.46 million for the quarter, compared to the consensus estimate of $410.26 million. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. On average, research analysts predict that Federated Hermes, Inc. will post 3.88 EPS for the current year.

Federated Hermes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Friday, November 8th. Federated Hermes’s dividend payout ratio is 39.87%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group increased their price objective on Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded Federated Hermes from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 18th. TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and raised their price target for the stock from $35.00 to $46.00 in a research report on Monday, October 28th. Royal Bank of Canada raised their price target on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.33.

Institutional Trading of Federated Hermes

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Federated Hermes by 49.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after purchasing an additional 349 shares during the period. Mather Group LLC. bought a new position in shares of Federated Hermes in the 2nd quarter valued at about $47,000. UMB Bank n.a. grew its holdings in shares of Federated Hermes by 26.0% in the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock valued at $47,000 after acquiring an additional 296 shares in the last quarter. CWM LLC grew its holdings in shares of Federated Hermes by 985.7% in the 2nd quarter. CWM LLC now owns 1,444 shares of the company’s stock valued at $47,000 after acquiring an additional 1,311 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Federated Hermes in the 3rd quarter valued at about $60,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Company Profile

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.