Home Analysts Viewpoint Federated Hermes Inc. [FHI] VP, CFO & Treasurer makes an insider sale of 30,000 shares worth $1.06 million.

Federated Hermes Inc. [FHI] VP, CFO & Treasurer makes an insider sale of 30,000 shares worth $1.06 million.

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Federated Hermes Inc. [FHI] VP, CFO & Treasurer makes an insider sale of 30,000 shares worth $1.06 million.

Federated Hermes Inc.’s recently made public that its VP, CFO & Treasurer DONAHUE THOMAS R unloaded Company’s shares for reported $1.06 million on Nov 01. In the deal valued at $35.21 per share,30,000 shares were sold. As a result of this transaction, DONAHUE THOMAS R now holds 544,630 shares worth roughly $ 19.31 million.


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Then, Nusseibeh Saker Anwar sold 14,300 shares, generating $498,362 in total proceeds. Upon selling the shares at $34.85, the CEO, Hermes Fund Managers Ltd. now owns 243,497 shares.

Before that, Nusseibeh Saker Anwar sold 15,017 shares. Federated Hermes Inc. shares valued at $502,858 were divested by the CEO, Hermes Fund Managers Ltd. at a price of $33.49 per share. As a result of the transaction, Nusseibeh Saker Anwar now holds 257,797 shares, worth roughly $9.14 million.

Keefe Bruyette upgraded its Federated Hermes Inc. [FHI] rating to an Outperform from a a Mkt perform in a research note published on Monday, June 29, 2022; the price target was increased to $40 from $32. PT values the company’s stock at a premium of 11.35 to its Monday closing price. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid April from “a Neutral” to “a Sell”. Deutsche Bank revised its rating on December 17, 2021. It rated FHI as “a Buy” which previously was an “a Hold”.

Price Performance Review of FHI

On Monday, Federated Hermes Inc. [NYSE:FHI] saw its stock jump 0.17% to $35.46. On the same session, the stock had its day’s lowest price of $34.79, but rose to a high of $35.66. Over the last five days, the stock has gained 2.04%. Federated Hermes Inc. shares have fallen nearly -5.64% since the year began. Nevertheless, the stocks have risen 2.46% over the past one year. While a 52-week high of $39.82 was reached on 01/10/22, a 52-week low of $27.88 was recorded on 05/02/22. SMA at 50 days reached $33.56, while 200 days put it at $32.95. A total of 0.64 million shares were traded, compared to the trading of 0.65 million shares in the previous session.

Levels Of Support And Resistance For FHI Stock

The 24-hour chart illustrates a support level at 34.95, which if violated will result in even more drops to 34.43. On the upside, there is a resistance level at 35.82. A further resistance level may holdings at 36.17. The Relative Strength Index (RSI) on the 14-day chart is 63.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.68%. Stochastics %K at 89.28% indicates the stock is a selling.

How much short interest is there in Federated Hermes Inc.?

A steep rise in short interest was recorded in Federated Hermes Inc. stocks on Jul 14, 2022, dropping by -0.82 million shares to a total of 2.93 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 3.75 million shares. There was a decline of -27.99%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.40% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.26.

Federated Hermes Inc. [FHI] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 11,487,079 shares, or roughly 12.89% of the outstanding FHI shares. In other words, the investor’s shares have fallen by -502,604 from its previous 13-F filing of 11989683.0. Additionally, The Vanguard Group, Inc. decreased -4.28% of its stake after which the total value it holdings stand at $288,071,931, while Schneider Downs Wealth Management reduced -1.51% of its stake to hold $107.15 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -205,121 shares of Federated Hermes Inc., while Burgundy Asset Management Ltd. sold 46,635 shares. At present, Fidelity Management & Research Co is holding 2,351,654 shares valued at $77.89 million. Canada Life Investment Management owned 2,351,385 shares of the company at the time of its most recent 13F filing, worth $77.88 million.

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