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

Federated Hermes, Inc. (NYSE:FHI) CEO Saker Anwar Nusseibeh sold 5,546 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction of $215,240.26. Following the completion of the transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $41.38, for a total transaction of $184,306.52.

Federated Hermes Stock Performance

Shares of NYSE:FHI opened at $37.99 on Thursday. 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, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92. The firm has a market capitalization of $3.11 billion, a PE ratio of 11.91, a P/E/G ratio of 1.02 and a beta of 1.16. The business has a 50-day moving average of $40.18 and a two-hundred day moving average of $38.19.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.04 EPS for the quarter, beating the consensus estimate 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 year.

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors 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 dividend yield of 3.26%. Federated Hermes’s payout ratio is 38.87%.

Institutional Trading of Federated Hermes

Institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its holdings in Federated Hermes by 3.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company’s stock worth $336,000 after acquiring an additional 275 shares during the period. Amalgamated Bank boosted its stake in shares of Federated Hermes by 1.0% in the fourth quarter. Amalgamated Bank now owns 32,614 shares of the company’s stock valued at $1,341,000 after purchasing an additional 313 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Federated Hermes by 2.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock valued at $612,000 after purchasing an additional 340 shares in the last quarter. GAMMA Investing LLC increased its stake in Federated Hermes by 49.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after buying an additional 349 shares during the period. Finally, MBM Wealth Consultants LLC increased its stake in Federated Hermes by 6.8% during the 4th quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company’s stock worth $306,000 after buying an additional 474 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FHI shares. Evercore ISI raised their price objective on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. UBS Group increased their target price on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. restated an “underweight” rating and issued a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $46.00 in a report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Federated Hermes presently has a consensus rating of “Hold” and a consensus 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.