Insider Selling: Federated Hermes, Inc. (NYSE:FHI) CEO Sells 12,152 Shares of Stock

Federated Hermes, Inc. (NYSE:FHI) CEO Saker Anwar Nusseibeh sold 12,152 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $39.86, for a total transaction of $484,378.72. Following the completion of the sale, the chief executive officer now owns 179,096 shares of the company’s stock, valued at approximately $7,138,766.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Federated Hermes Stock Performance

NYSE:FHI traded down $0.52 on Monday, reaching $40.02. 525,596 shares of the company’s stock were exchanged, compared to its average volume of 719,922. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.75 and a quick ratio of 2.09. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 1.16 and a beta of 1.15. Federated Hermes, Inc. has a 52 week low of $31.08 and a 52 week high of $40.65. The stock has a fifty day simple moving average of $36.46 and a 200-day simple moving average of $34.35.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.14. The firm had revenue of $408.46 million during the quarter, compared to analyst estimates of $410.26 million. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.86 earnings per share. As a group, sell-side analysts predict that Federated Hermes, Inc. will post 3.83 earnings per share for the current year.

Federated Hermes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.10%. Federated Hermes’s dividend payout ratio (DPR) is currently 39.87%.

Analysts Set New Price Targets

Several brokerages have recently commented on FHI. StockNews.com upgraded shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their target price on shares of Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and increased their target price for the company from $35.00 to $46.00 in a report on Monday, October 28th. UBS Group increased their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada increased their price target on shares of Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.00.

Hedge Funds Weigh In On Federated Hermes

A number of large investors have recently modified their holdings of FHI. Headlands Technologies LLC raised its stake in Federated Hermes by 607.7% in the first quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock valued at $30,000 after purchasing an additional 711 shares in the last quarter. GAMMA Investing LLC raised its stake 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 in the last quarter. Mather Group LLC. purchased a new position in shares of Federated Hermes during the second quarter worth approximately $47,000. CWM LLC raised its stake in shares of Federated Hermes by 985.7% during the second quarter. CWM LLC now owns 1,444 shares of the company’s stock worth $47,000 after acquiring an additional 1,311 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Federated Hermes by 26.0% during the second quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock worth $47,000 after acquiring an additional 296 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

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.