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

Federated Hermes, Inc. (NYSE:FHI) CEO Saker Anwar Nusseibeh sold 4,454 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.38, for a total transaction of $184,306.52. Following the completion of the transaction, the chief executive officer now owns 184,642 shares in the company, valued at $7,640,485.96. This represents a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 shares were sold at an average price of $39.86, for a total value of $484,378.72.

Federated Hermes Stock Up 0.3 %

Shares of Federated Hermes stock opened at $41.41 on Thursday. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32. The stock has a market cap 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. The business has a fifty day simple moving average of $38.38 and a 200 day simple moving average of $35.04. Federated Hermes, Inc. has a 12 month low of $31.08 and a 12 month high of $42.56.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results 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 firm had revenue of $408.46 million for 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. Research analysts predict that Federated Hermes, Inc. will post 3.88 EPS for the current year.

Federated Hermes Dividend Announcement

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

Institutional Investors Weigh In On Federated Hermes

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Federated Hermes by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 8,577,679 shares of the company’s stock worth $309,826,000 after purchasing an additional 45,214 shares in the last quarter. FMR LLC lifted its stake in shares of Federated Hermes by 2.5% in the third quarter. FMR LLC now owns 5,666,335 shares of the company’s stock valued at $208,351,000 after buying an additional 137,245 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Federated Hermes by 88.3% during the 2nd quarter. AQR Capital Management LLC now owns 2,689,488 shares of the company’s stock valued at $87,866,000 after buying an additional 1,261,097 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Federated Hermes by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company’s stock worth $45,982,000 after buying an additional 92,643 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Federated Hermes by 39.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,142,192 shares of the company’s stock worth $37,555,000 after purchasing an additional 324,958 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada upped 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. TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $46.00 in a research note on Monday, October 28th. 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 report on Monday, November 11th. Finally, Evercore ISI raised their price target on Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Federated Hermes currently has an average rating of “Moderate Buy” and an average price target of $43.33.

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.