FHI - Paul Uhlman Takes Money Off The Table Sells $3.20M In Federated Hermes Stock | Benzinga
Paul Uhlman, Vice President at Federated Hermes (NYSE:FHI), executed a substantial insider sell on February 8, according to an SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Uhlman sold 90,745 shares of Federated Hermes. The total transaction value is $3,200,013.
At Friday morning, Federated Hermes shares are down by 0.0%, trading at $34.98.
About Federated Hermes
Federated provides asset management services for institutional and individual investors. The company had $715.2 billion in managed assets at the end of September 2023, composed of equity (11%), multi-asset (less than 1%), fixed-income (13%), alternative (3%), and money market (73%) funds. That said, the firm's cash-management operations are expected to generate around 46% of Federated's revenue this year, compared with 31%, 12%, and 11%, respectively, for the firm's equity, fixed-income, and alternatives/multi-asset operations. From a channel perspective, the company's products are distributed via trust banks, wealth managers and retail broker/dealers (63% of AUM), institutional investors (27%), and international clients (10%).
Understanding the Numbers: Federated Hermes's Finances
Decline in Revenue: Over the 3 months period, Federated Hermes faced challenges, resulting in a decline of approximately -2.77% in revenue growth as of 31 December, 2023. ...