Jane Street Group LLC Has $644,000 Stake in Hancock Whitney Co. (NASDAQ:HWC)

Jane Street Group LLC lowered its stake in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 87.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,770 shares of the company's stock after selling 81,014 shares during the quarter. Jane Street Group LLC's holdings in Hancock Whitney were worth $644,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank lifted its position in Hancock Whitney by 1.2% during the 4th quarter. Comerica Bank now owns 55,333 shares of the company's stock valued at $3,028,000 after purchasing an additional 631 shares during the period. Schonfeld Strategic Advisors LLC raised its position in shares of Hancock Whitney by 155.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 66,045 shares of the company's stock valued at $3,614,000 after acquiring an additional 40,179 shares during the period. AQR Capital Management LLC raised its position in shares of Hancock Whitney by 17.1% in the 4th quarter. AQR Capital Management LLC now owns 1,321,280 shares of the company's stock valued at $72,300,000 after acquiring an additional 193,028 shares during the period. Northern Trust Corp raised its position in shares of Hancock Whitney by 5.5% in the 4th quarter. Northern Trust Corp now owns 1,265,146 shares of the company's stock valued at $69,229,000 after acquiring an additional 66,074 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Hancock Whitney by 10.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 63,921 shares of the company's stock valued at $3,498,000 after acquiring an additional 5,992 shares during the period. Institutional investors own 81.22% of the company's stock.

Insiders Place Their Bets

In other news, Director Christine L. Pickering sold 838 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $48.09, for a total value of $40,299.42. Following the completion of the sale, the director now owns 23,019 shares of the company's stock, valued at approximately $1,106,983.71. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.91% of the company's stock.

Hancock Whitney Stock Down 0.6%

Shares of NASDAQ:HWC traded down $0.33 during midday trading on Friday, hitting $54.83. The stock had a trading volume of 564,700 shares, compared to its average volume of 597,845. Hancock Whitney Co. has a 12 month low of $43.60 and a 12 month high of $62.40. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. The business's 50-day simple moving average is $52.22 and its 200-day simple moving average is $55.27. The company has a market cap of $4.70 billion, a P/E ratio of 10.38 and a beta of 1.05.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its earnings results on Tuesday, April 15th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. Hancock Whitney had a net margin of 22.40% and a return on equity of 11.56%. The business had revenue of $367.50 million during the quarter, compared to analysts' expectations of $368.12 million. On average, sell-side analysts forecast that Hancock Whitney Co. will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.80 dividend on an annualized basis and a yield of 3.28%. Hancock Whitney's dividend payout ratio (DPR) is 33.21%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Raymond James reiterated a "strong-buy" rating and issued a $62.00 price target (down from $72.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods dropped their target price on shares of Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Wall Street Zen upgraded shares of Hancock Whitney from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Piper Sandler restated an "overweight" rating and set a $70.00 target price (up from $68.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. Finally, Stephens dropped their target price on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.25.

Hancock Whitney Profile

Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It offers various transaction and savings deposit products consisting of brokered deposits, time deposits, and money market accounts; treasury management services, secured and unsecured loan products including revolving credit facilities, and letters of credit and similar financial guarantees; and trust and investment management services to retirement plans, corporations, and individuals, and investment advisory and brokerage products.