In a filing, Federated Hermes Inc revealed its Vice President Uhlman Paul A unloaded Company’s shares for reported $0.5 million on Mar 05 ’24. In the deal valued at $36.20 per share,13,820 shares were sold. As a result of this transaction, Uhlman Paul A now holds 276,084 shares worth roughly $9.08 million.
Then, Nusseibeh Saker Anwar sold 8,302 shares, generating $300,105 in total proceeds. Upon selling the shares at $36.15, the CEO, Hermes Fund Managers Ltd. now owns 178,176 shares.
Before that, Germain Peter J sold 5,305 shares. Federated Hermes Inc shares valued at $191,730 were divested by the EVP, CLO & Sec. at a price of $36.14 per share. As a result of the transaction, Germain Peter J now holds 213,036 shares, worth roughly $7.01 million.
UBS initiated its Federated Hermes Inc [FHI] rating to a Neutral in a research note published on January 05, 2024; the price target was $35. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early January with a ‘”a Market perform”‘ rating. JP Morgan also remained covering FHI and has increased its forecast on April 11, 2023 with a “an Overweight” recommendation from previously “an Underweight” rating. Keefe Bruyette revised its rating on June 29, 2022. It rated FHI as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of FHI
On Friday, Federated Hermes Inc [NYSE:FHI] saw its stock fall -0.33% to $32.89. Over the last five days, the stock has gained 0.27%. Federated Hermes Inc shares have fallen nearly -2.86% since the year began. Nevertheless, the stocks have fallen -18.61% over the past one year. While a 52-week high of $41.41 was reached on 04/09/24, a 52-week low of $30.23 was recorded on 04/26/24. SMA at 50 days reached $35.34, while 200 days put it at $34.11. A total of 0.83 million shares were traded, compared to the trading of 0.97 million shares in the previous session.
Levels Of Support And Resistance For FHI Stock
The 24-hour chart illustrates a support level at 32.73, which if violated will result in even more drops to 32.56. On the upside, there is a resistance level at 33.22. A further resistance level may holdings at 33.54. The Relative Strength Index (RSI) on the 14-day chart is 30.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.88%. Stochastics %K at 18.03% indicates the stock is a buying.
