Alyeska Investment Group L.P. Invests $51.75 Million in Wintrust Financial Co. (NASDAQ:WTFC)

Alyeska Investment Group L.P. purchased a new stake in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 414,991 shares of the bank's stock, valued at approximately $51,754,000. Alyeska Investment Group L.P. owned approximately 0.62% of Wintrust Financial at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of WTFC. Millstone Evans Group LLC acquired a new stake in shares of Wintrust Financial in the fourth quarter valued at $43,000. Global Retirement Partners LLC increased its position in Wintrust Financial by 63.5% in the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock valued at $47,000 after acquiring an additional 146 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Wintrust Financial by 32.1% during the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank's stock worth $67,000 after purchasing an additional 131 shares in the last quarter. Quarry LP bought a new stake in shares of Wintrust Financial during the fourth quarter valued at approximately $78,000. Finally, UMB Bank n.a. increased its holdings in shares of Wintrust Financial by 32.2% in the fourth quarter. UMB Bank n.a. now owns 677 shares of the bank's stock valued at $84,000 after purchasing an additional 165 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

Wintrust Financial Trading Up 2.9 %

NASDAQ:WTFC opened at $115.84 on Friday. The business's 50-day simple moving average is $109.46 and its 200-day simple moving average is $121.76. Wintrust Financial Co. has a fifty-two week low of $89.10 and a fifty-two week high of $142.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market capitalization of $7.75 billion, a PE ratio of 11.24 and a beta of 0.94.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.17. The company had revenue of $643.11 million during the quarter, compared to analysts' expectations of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the prior year, the company earned $2.89 earnings per share. Sell-side analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.73%. Wintrust Financial's dividend payout ratio (DPR) is 19.78%.

Analyst Ratings Changes

WTFC has been the topic of several research reports. Barclays upped their price objective on Wintrust Financial from $138.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. Raymond James set a $143.00 price target on Wintrust Financial and gave the company a "strong-buy" rating in a report on Wednesday, April 23rd. Hovde Group boosted their price objective on Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. Royal Bank of Canada reduced their target price on shares of Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, StockNews.com raised shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Tuesday, April 29th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Wintrust Financial presently has an average rating of "Moderate Buy" and a consensus target price of $133.54.

Wintrust Financial Company Profile

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.