On November 8, 2024, Peter Germain, Executive Vice President, Chief Legal Officer & Secretary of Federated Hermes Inc (FHI, Financial), sold 14,491 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 198,153 shares of Federated Hermes Inc.
Federated Hermes Inc is a global leader in active, responsible investment management, providing financial services including mutual funds, separate accounts, and alternative investments.
Over the past year, Peter Germain has sold a total of 25,442 shares of Federated Hermes Inc and has not made any purchases of the stock. This recent transaction is part of a broader trend seen within the company, where there have been 24 insider sells and no insider buys over the past year.
On the day of the sale, shares of Federated Hermes Inc were priced at $41.12. The company has a market cap of approximately $3.43 billion. The price-earnings ratio of the stock stands at 13.49, which is above both the industry median of 11.51 and the historical median for the company.
According to the GF Value assessment, Federated Hermes Inc is considered Fairly Valued with a price-to-GF-Value ratio of 0.96, based on a GF Value of $42.82. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider selling activity may be of interest to current and potential investors, providing insights into the perspectives of high-level executives within Federated Hermes Inc regarding the company's stock value.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
