Insider Selling: Federated Hermes, Inc. (NYSE:FHI) CEO Sells 5,546 Shares of Stock

Federated Hermes, Inc. (NYSE:FHI) CEO Saker Anwar Nusseibeh sold 5,546 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction of $215,240.26. Following the transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, November 19th, Saker Anwar Nusseibeh sold 4,454 shares of Federated Hermes stock. The shares were sold at an average price of $41.38, for a total transaction of $184,306.52.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $38.33 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 1.02 and a beta of 1.16. The business has a 50-day moving average of $40.35 and a 200-day moving average of $38.15.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. On average, equities analysts anticipate that Federated Hermes, Inc. will post 4.09 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.24%. The ex-dividend date is Friday, February 7th. Federated Hermes’s dividend payout ratio (DPR) is 38.87%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FHI shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $46.00 in a report on Monday, October 28th. UBS Group upped their price target on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. StockNews.com lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada dropped their target price on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $42.00.

Hedge Funds Weigh In On Federated Hermes

A number of institutional investors have recently added to or reduced their stakes in FHI. GAMMA Investing LLC increased its position in shares of Federated Hermes by 49.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after acquiring an additional 349 shares during the last quarter. R Squared Ltd acquired a new stake in Federated Hermes during the 4th quarter valued at approximately $43,000. Sound Income Strategies LLC purchased a new stake in Federated Hermes during the 4th quarter worth approximately $53,000. Neo Ivy Capital Management purchased a new stake in Federated Hermes during the 3rd quarter worth approximately $60,000. Finally, CWM LLC raised its position in shares of Federated Hermes by 74.7% in the 3rd quarter. CWM LLC now owns 2,523 shares of the company’s stock valued at $93,000 after purchasing an additional 1,079 shares in the last quarter. 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.