Federated Hermes (NYSE:FHI) CEO Saker Anwar Nusseibeh Sells 8,950 Shares

Federated Hermes, Inc. (NYSE:FHI) CEO Saker Anwar Nusseibeh sold 8,950 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $57.34, for a total transaction of $513,193.00. Following the completion of the transaction, the chief executive officer owned 151,276 shares of the company’s stock, valued at $8,674,165.84. This represents a 5.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Federated Hermes Stock Performance

Shares of FHI opened at $57.61 on Wednesday. The firm’s 50 day moving average is $56.26 and its 200-day moving average is $54.56. The stock has a market capitalization of $4.37 billion, a P/E ratio of 11.17, a P/E/G ratio of 2.04 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.28 and a quick ratio of 2.73. Federated Hermes, Inc. has a 12-month low of $41.71 and a 12-month high of $59.05.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.07. Federated Hermes had a net margin of 21.47% and a return on equity of 33.90%. The company had revenue of $478.96 million for the quarter, compared to analysts’ expectations of $475.22 million. During the same quarter in the previous year, the company posted $1.25 EPS. The business’s revenue was up 13.1% compared to the same quarter last year. Equities research analysts anticipate that Federated Hermes, Inc. will post 5.1 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, May 8th. This is a boost from Federated Hermes’s previous quarterly dividend of $0.34. This represents a $1.52 annualized dividend and a yield of 2.6%. Federated Hermes’s payout ratio is 29.46%.

Wall Street Analyst Weigh In

FHI has been the topic of a number of research reports. TD Cowen dropped their target price on shares of Federated Hermes from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a research report on Tuesday, April 21st. JPMorgan Chase & Co. dropped their target price on shares of Federated Hermes from $56.00 to $53.00 and set an “underweight” rating on the stock in a research report on Monday, May 4th. Royal Bank Of Canada dropped their target price on shares of Federated Hermes from $56.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Finally, Wall Street Zen lowered shares of Federated Hermes from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $55.00.

Institutional Trading of Federated Hermes

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of Federated Hermes by 1.7% in the 4th quarter. AQR Capital Management LLC now owns 3,036,239 shares of the company’s stock valued at $158,097,000 after acquiring an additional 50,067 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Federated Hermes by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,032,060 shares of the company’s stock valued at $157,879,000 after acquiring an additional 12,348 shares during the last quarter. Invesco Ltd. increased its stake in shares of Federated Hermes by 29.6% in the 3rd quarter. Invesco Ltd. now owns 2,939,908 shares of the company’s stock valued at $152,669,000 after acquiring an additional 670,643 shares during the last quarter. LSV Asset Management increased its stake in shares of Federated Hermes by 20.4% in the 4th quarter. LSV Asset Management now owns 2,890,276 shares of the company’s stock valued at $150,497,000 after acquiring an additional 489,275 shares during the last quarter. Finally, Schneider Downs Wealth Management Advisors LP increased its stake in shares of Federated Hermes by 3,229.0% in the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 2,657,263 shares of the company’s stock valued at $137,992,000 after acquiring an additional 2,577,442 shares during the last quarter. 75.94% of the stock is owned by institutional investors.

Federated Hermes Company Profile

Federated Hermes, Inc is a global investment manager that provides a range of asset management solutions to institutional and individual investors. The company offers active strategies across equity, fixed income, multi-asset, liquidity, and alternative investments. Through its suite of mutual funds, separate accounts and collective investment vehicles, Federated Hermes seeks to deliver performance-driven outcomes aligned with client objectives and risk tolerances.

In addition to traditional investment management, Federated Hermes has developed specialized capabilities in sustainability and responsible investing, integrating environmental, social and governance (ESG) research into its investment process.