Legal & General Group Plc Sells 5,338 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Legal & General Group Plc lessened its position in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 165,075 shares of the bank's stock after selling 5,338 shares during the period. Legal & General Group Plc owned approximately 0.28% of WSFS Financial worth $8,770,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. FMR LLC grew its stake in WSFS Financial by 5.9% in the 3rd quarter. FMR LLC now owns 4,283 shares of the bank's stock worth $218,000 after buying an additional 239 shares in the last quarter. Barclays PLC increased its stake in WSFS Financial by 110.8% in the third quarter. Barclays PLC now owns 120,397 shares of the bank's stock valued at $6,139,000 after acquiring an additional 63,284 shares during the last quarter. Sanctuary Advisors LLC raised its position in WSFS Financial by 100.8% during the third quarter. Sanctuary Advisors LLC now owns 12,879 shares of the bank's stock valued at $657,000 after purchasing an additional 6,466 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of WSFS Financial by 18.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 57,558 shares of the bank's stock worth $2,935,000 after purchasing an additional 8,763 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of WSFS Financial by 819.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 254,616 shares of the bank's stock worth $13,528,000 after purchasing an additional 226,933 shares in the last quarter. 88.49% of the stock is owned by institutional investors.

Insider Transactions at WSFS Financial

In related news, CEO Rodger Levenson sold 7,199 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $55.20, for a total transaction of $397,384.80. Following the completion of the sale, the chief executive officer now owns 142,780 shares of the company's stock, valued at $7,881,456. This trade represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.29% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Stephens reiterated an "overweight" rating and set a $68.00 price target on shares of WSFS Financial in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods upped their price target on shares of WSFS Financial from $64.00 to $68.00 and gave the company a "market perform" rating in a research report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, WSFS Financial currently has a consensus rating of "Hold" and an average price target of $64.75.

WSFS Financial Trading Up 0.8 %

NASDAQ:WSFS traded up $0.43 during trading hours on Thursday, hitting $51.65. The company had a trading volume of 63,624 shares, compared to its average volume of 292,262. The stock has a 50-day moving average price of $51.11 and a 200 day moving average price of $53.53. The company has a market capitalization of $3.00 billion, a PE ratio of 11.68 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86. WSFS Financial Co. has a 52 week low of $42.21 and a 52 week high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. On average, equities research analysts predict that WSFS Financial Co. will post 4.47 EPS for the current fiscal year.

About WSFS Financial

WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.