Federated Hermes, Inc. (NYSE:FHI) CEO Saker Anwar Nusseibeh Sells 5,546 Shares

Federated Hermes, Inc. (NYSE:FHI) CEO Saker Anwar Nusseibeh sold 5,546 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $6,950,715.76. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 value of $184,306.52.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $38.33 on Tuesday. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $40.35 and its 200 day moving average price is $38.15. Federated Hermes, Inc. has a 52 week low of $31.24 and a 52 week high of $43.92. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 1.02 and a beta of 1.16.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data 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 net margin of 16.44% and a return on equity of 30.31%. As a group, research analysts forecast that Federated Hermes, Inc. will post 4.09 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently commented on the company. Royal Bank of Canada reduced their price target on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a report on Tuesday, January 28th. TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $46.00 in a report on Monday, October 28th. StockNews.com cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $43.00 target price (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Federated Hermes presently has a consensus rating of “Hold” and a consensus target price of $42.00.

Institutional Trading of Federated Hermes

A number of large investors have recently made changes to their positions in the stock. Inspire Investing LLC purchased a new position in Federated Hermes in the 4th quarter valued at about $829,000. GAMMA Investing LLC raised 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 buying an additional 349 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Federated Hermes by 24.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock valued at $28,282,000 after buying an additional 152,926 shares during the period. Fortis Advisors LLC acquired a new stake in Federated Hermes during the fourth quarter worth approximately $727,000. Finally, Barclays PLC grew its stake in Federated Hermes by 228.6% in the 3rd quarter. Barclays PLC now owns 215,650 shares of the company’s stock worth $7,930,000 after acquiring an additional 150,017 shares during the period. 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.