Federated Hermes, Inc. (NYSE:FHI) CEO Sells $184,306.52 in Stock

Federated Hermes, Inc. (NYSE:FHI) CEO Saker Anwar Nusseibeh sold 4,454 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.38, for a total value of $184,306.52. Following the transaction, the chief executive officer now directly owns 184,642 shares in the company, valued at $7,640,485.96. The trade was a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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 Price Performance

NYSE FHI opened at $42.34 on Friday. Federated Hermes, Inc. has a twelve month low of $31.08 and a twelve month high of $42.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75. The stock has a market capitalization of $3.46 billion, a PE ratio of 13.61, a P/E/G ratio of 1.15 and a beta of 1.15. The stock has a 50-day simple moving average of $38.68 and a 200 day simple moving average of $35.15.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.92 by $0.14. The firm had revenue of $408.46 million during the quarter, compared to analysts’ expectations of $410.26 million. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 EPS. Research analysts anticipate that Federated Hermes, Inc. will post 3.88 EPS for the current year.

Federated Hermes Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently weighed in on FHI. Evercore ISI upped their price target on Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their target price on Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft boosted their target price on Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, November 11th. TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and boosted their target price for the company from $35.00 to $46.00 in a research note on Monday, October 28th. Finally, StockNews.com upgraded Federated Hermes from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $43.33.

Hedge Funds Weigh In On Federated Hermes

A number of hedge funds have recently modified their holdings of the stock. Passumpsic Savings Bank acquired a new position in shares of Federated Hermes in the 3rd quarter worth approximately $206,000. Hohimer Wealth Management LLC acquired a new position in shares of Federated Hermes in the 3rd quarter worth approximately $228,000. Neo Ivy Capital Management acquired a new position in shares of Federated Hermes in the 3rd quarter worth approximately $60,000. Geode Capital Management LLC raised its holdings in shares of Federated Hermes by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company’s stock worth $45,982,000 after buying an additional 92,643 shares in the last quarter. Finally, Vestcor Inc raised its holdings in shares of Federated Hermes by 7.1% in the 3rd quarter. Vestcor Inc now owns 149,625 shares of the company’s stock worth $5,502,000 after buying an additional 9,885 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

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.