Voya Investment Management LLC Has $18.20 Million Holdings in Hancock Whitney Co. (NASDAQ:HWC)

Voya Investment Management LLC lowered its holdings in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 332,637 shares of the company's stock after selling 35,939 shares during the quarter. Voya Investment Management LLC owned 0.39% of Hancock Whitney worth $18,202,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in Hancock Whitney by 10.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 63,921 shares of the company's stock valued at $3,498,000 after purchasing an additional 5,992 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in Hancock Whitney during the 4th quarter valued at about $1,713,000. Stifel Financial Corp raised its position in Hancock Whitney by 2.5% during the fourth quarter. Stifel Financial Corp now owns 14,572 shares of the company's stock worth $797,000 after acquiring an additional 362 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Hancock Whitney by 169.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,329 shares of the company's stock worth $565,000 after purchasing an additional 6,494 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. lifted its stake in Hancock Whitney by 8.2% in the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 322,168 shares of the company's stock valued at $17,629,000 after buying an additional 24,389 shares in the last quarter. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hancock Whitney

In related news, Director Christine L. Pickering sold 838 shares of the firm's stock in a transaction on Monday, April 21st. The shares were 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 directly owns 23,019 shares of the company's stock, valued at approximately $1,106,983.71. This trade represents a 3.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their price target on Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. Raymond James reiterated a "strong-buy" rating and set a $62.00 price target (down from $72.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. Piper Sandler restated an "overweight" rating and set a $70.00 target price (up previously from $68.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. StockNews.com upgraded Hancock Whitney from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Stephens reduced their target price 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. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Hancock Whitney currently has an average rating of "Moderate Buy" and a consensus target price of $60.56.

Hancock Whitney Trading Down 1.5 %

Shares of Hancock Whitney stock traded down $0.78 during trading hours on Wednesday, reaching $52.09. The stock had a trading volume of 741,882 shares, compared to its average volume of 582,870. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. Hancock Whitney Co. has a 1 year low of $43.60 and a 1 year high of $62.40. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 9.87 and a beta of 0.99. The firm has a 50 day simple moving average of $51.33 and a two-hundred day simple moving average of $55.11.

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

Hancock Whitney Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, June 5th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.80 annualized dividend and a yield of 3.46%. Hancock Whitney's dividend payout ratio is currently 33.21%.

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.