Saker Anwar Nusseibeh Sells 4,454 Shares of Federated Hermes, Inc. (NYSE:FHI) Stock

Federated Hermes, Inc. (NYSE:FHI) CEO Saker Anwar Nusseibeh sold 4,454 shares of Federated Hermes stock in a transaction dated 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 approximately $7,640,485.96. The trade was a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $39.86, for a total value of $484,378.72.

Federated Hermes Trading Up 0.3 %

NYSE FHI opened at $41.41 on Thursday. 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 company has a 50-day simple moving average of $38.38 and a 200-day simple moving average of $35.04. Federated Hermes, Inc. has a one year low of $31.08 and a one year high of $42.56. The firm has a market capitalization of $3.39 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 1.15 and a beta of 1.15.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.14. The company had revenue of $408.46 million for the quarter, compared to analysts’ expectations of $410.26 million. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS. On average, equities analysts forecast that Federated Hermes, Inc. will post 3.88 earnings per share for the current year.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Friday, November 8th. Federated Hermes’s payout ratio is presently 39.87%.

Analyst Ratings Changes

FHI has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their target price on Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Royal Bank of Canada boosted their price objective on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. Evercore ISI increased their price target on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com upgraded shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $46.00 in a research note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in Federated Hermes by 267.9% during the second quarter. SG Americas Securities LLC now owns 26,820 shares of the company’s stock valued at $882,000 after acquiring an additional 19,530 shares during the period. Tidal Investments LLC bought a new stake in Federated Hermes during the 1st quarter worth approximately $1,419,000. Assenagon Asset Management S.A. increased its stake in shares of Federated Hermes by 39.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,142,192 shares of the company’s stock valued at $37,555,000 after buying an additional 324,958 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Federated Hermes by 78.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 69,814 shares of the company’s stock worth $2,522,000 after buying an additional 30,621 shares during the period. Finally, Vident Advisory LLC lifted its stake in shares of Federated Hermes by 697.7% in the 1st quarter. Vident Advisory LLC now owns 93,522 shares of the company’s stock valued at $3,378,000 after purchasing an additional 81,798 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

About Federated Hermes

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.