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 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 in the company, valued at $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 transaction of $184,306.52.

Federated Hermes Stock Performance

NYSE:FHI opened at $38.30 on Wednesday. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $43.92. The stock has a market cap of $3.13 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 1.02 and a beta of 1.16. The firm’s fifty day simple moving average is $40.26 and its 200-day simple moving average is $38.17.

Federated Hermes (NYSE:FHI) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.04 EPS for the quarter, topping 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%. Analysts expect that Federated Hermes, Inc. will post 4.09 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a $0.31 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.24%. Federated Hermes’s dividend payout ratio is presently 38.87%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FHI. TD Cowen raised shares of 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. UBS Group boosted their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. StockNews.com cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. Finally, Evercore ISI upped their price target on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One research 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. According to data from MarketBeat.com, Federated Hermes has a consensus rating of “Hold” and an average price target of $42.00.

Institutional Investors Weigh In On Federated Hermes

Several institutional investors and hedge funds have recently made changes to their positions in FHI. Handelsbanken Fonder AB boosted its position in shares of Federated Hermes by 12.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 20,253 shares of the company’s stock worth $745,000 after buying an additional 2,300 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Federated Hermes by 49.0% in 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 in the last quarter. CWM LLC lifted its holdings in Federated Hermes by 74.7% in the 3rd quarter. CWM LLC now owns 2,523 shares of the company’s stock valued at $93,000 after purchasing an additional 1,079 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in Federated Hermes by 19.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 21,680 shares of the company’s stock valued at $797,000 after purchasing an additional 3,462 shares in the last quarter. Finally, Gilman Hill Asset Management LLC purchased a new position in Federated Hermes in the 3rd quarter valued at about $202,000. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

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.