Insider Transaction: JOHN FISHER Sells $323K Worth Of Federated Hermes Shares

JOHN FISHER, Vice President at Federated Hermes (NYSE:FHI), reported an insider sell on November 20, according to a new SEC filing.

What Happened: FISHER opted to sell 7,817 shares of Federated Hermes, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The transaction's total worth stands at $323,336.

In the Thursday's morning session, Federated Hermes's shares are currently trading at $41.42, experiencing a down of 0.0%.

Discovering Federated Hermes: A Closer Look

Federated Hermes provides asset-management services for institutional and individual investors. The firm had $782.7 billion in managed assets at the end of June 2024, composed of equity (10%), multi-asset (less than 1%), fixed-income (12%), alternative (3%), and money market (75%) funds. The firm's cash-management operations are expected to generate around 50% of Federated's revenue this year, compared with 28%, 12%, and 10%, respectively, for the equity, fixed-income, and alternatives/multi-asset operations. The company's products are distributed via trust banks, wealth managers, and retail broker/dealers (64% of AUM), institutional investors (27%), and international clients (9%).

Federated Hermes's Financial Performance

Revenue Growth: Federated Hermes's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 1.44%. This indicates a substantial increase in the company's ...

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