Man Group plc Trims Stock Position in Hancock Whitney Co. (NASDAQ:HWC)

Man Group plc lessened its stake in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 60.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 19,375 shares of the company's stock after selling 29,062 shares during the period. Man Group plc's holdings in Hancock Whitney were worth $1,060,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HWC. R Squared Ltd purchased a new stake in shares of Hancock Whitney in the fourth quarter worth about $49,000. GeoWealth Management LLC purchased a new stake in shares of Hancock Whitney in the fourth quarter worth about $65,000. Parkside Financial Bank & Trust lifted its position in shares of Hancock Whitney by 9.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company's stock worth $105,000 after buying an additional 169 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Hancock Whitney in the fourth quarter worth about $138,000. Finally, US Bancorp DE lifted its position in shares of Hancock Whitney by 11.4% in the fourth quarter. US Bancorp DE now owns 2,581 shares of the company's stock worth $141,000 after buying an additional 265 shares in the last quarter. Institutional investors own 81.22% of the company's stock.

Insider Buying and Selling at Hancock Whitney

In other news, Director Christine L. Pickering sold 838 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $48.09, for a total transaction of $40,299.42. Following the completion of the sale, the director now owns 23,019 shares in the company, valued at approximately $1,106,983.71. This represents a 3.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.91% of the company's stock.

Hancock Whitney Trading Up 0.0%

NASDAQ:HWC traded up $0.02 during midday trading on Thursday, hitting $54.79. The stock had a trading volume of 37,009 shares, compared to its average volume of 594,185. Hancock Whitney Co. has a one year low of $43.60 and a one year high of $62.40. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 10.38 and a beta of 1.05. The stock has a 50-day moving average of $52.18 and a 200 day moving average of $55.37. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05.

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

Hancock Whitney Dividend Announcement

The business also recently announced 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 is Thursday, June 5th. This represents a $1.80 annualized dividend and a yield of 3.29%. Hancock Whitney's dividend payout ratio (DPR) is presently 33.21%.

Analyst Upgrades and Downgrades

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

Hancock Whitney Company 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.