Insider Selling: Federated Hermes, Inc. (NYSE:FHI) CEO Sells $215,240.26 in Stock

Federated Hermes, Inc. (NYSE:FHI) CEO Saker Anwar Nusseibeh sold 5,546 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction of $215,240.26. Following the transaction, the chief executive officer now owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. The trade was a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 Stock Performance

NYSE FHI opened at $37.99 on Thursday. The business has a 50 day moving average price of $40.18 and a 200 day moving average price of $38.19. The company has a market capitalization of $3.11 billion, a P/E ratio of 11.91, a PEG ratio of 1.02 and a beta of 1.16. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92. 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 (NYSE:FHI) last posted its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. Sell-side analysts expect that Federated Hermes, Inc. will post 4.09 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.24 annualized dividend and a yield of 3.26%. Federated Hermes’s dividend payout ratio (DPR) is currently 38.87%.

Hedge Funds Weigh In On Federated Hermes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in shares of Federated Hermes by 49.0% in the third 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 last quarter. R Squared Ltd purchased a new stake in Federated Hermes in the 4th quarter valued at approximately $43,000. Sound Income Strategies LLC acquired a new stake in Federated Hermes during the 4th quarter valued at $53,000. Neo Ivy Capital Management purchased a new position in Federated Hermes during the third quarter worth $60,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Federated Hermes in the fourth quarter worth $73,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Evercore ISI lifted their price target on Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 26th. UBS Group raised their target price on Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $41.00 price target (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $42.00.

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.