Federated Hermes, Inc. (NYSE:FHI) CEO Saker Anwar Nusseibeh Sells 12,152 Shares

Federated Hermes, Inc. (NYSE:FHI) CEO Saker Anwar Nusseibeh sold 12,152 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $39.86, for a total value of $484,378.72. Following the transaction, the chief executive officer now owns 179,096 shares of the company’s stock, valued at approximately $7,138,766.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Federated Hermes Stock Up 3.5 %

NYSE FHI opened at $41.86 on Thursday. The stock’s 50 day moving average is $36.87 and its 200 day moving average is $34.47. The company has a current ratio of 2.75, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a 12 month low of $31.08 and a 12 month high of $42.56. The stock has a market cap of $3.42 billion, a PE ratio of 13.46, a P/E/G ratio of 1.15 and a beta of 1.15.

Federated Hermes (NYSE:FHI) last issued 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 business had revenue of $408.46 million for 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 period in the prior year, the firm earned $0.86 EPS. Research analysts predict that Federated Hermes, Inc. will post 3.83 EPS for the current fiscal 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 issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.96%. Federated Hermes’s dividend payout ratio (DPR) is 39.87%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Thursday. TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and boosted their price objective for the company from $35.00 to $46.00 in a research note on Monday, October 28th. Evercore ISI boosted their price objective on Federated Hermes from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. UBS Group boosted their price objective on Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada boosted their price target on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.00.

Institutional Trading of Federated Hermes

Hedge funds have recently modified their holdings of the company. Headlands Technologies LLC raised its holdings in Federated Hermes by 607.7% during the 1st quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock valued at $30,000 after buying an additional 711 shares during the period. GAMMA Investing LLC raised its holdings in Federated Hermes by 49.0% during the 3rd 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 period. Mather Group LLC. purchased a new stake in Federated Hermes during the 2nd quarter valued at $47,000. UMB Bank n.a. raised its holdings in Federated Hermes by 26.0% during the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock valued at $47,000 after buying an additional 296 shares during the period. Finally, CWM LLC grew its position in Federated Hermes by 985.7% in the 2nd quarter. CWM LLC now owns 1,444 shares of the company’s stock valued at $47,000 after acquiring an additional 1,311 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other 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.