Allspring Global Investments Holdings LLC Sells 11,811 Shares of Wintrust Financial Corporation (NASDAQ:WTFC)

Allspring Global Investments Holdings LLC decreased its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 183,158 shares of the bank's stock after selling 11,811 shares during the period. Allspring Global Investments Holdings LLC owned 0.27% of Wintrust Financial worth $20,598,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in WTFC. Jones Financial Companies Lllp increased its holdings in Wintrust Financial by 920.9% in the 4th quarter. Jones Financial Companies Lllp now owns 684 shares of the bank's stock valued at $85,000 after purchasing an additional 617 shares in the last quarter. Assetmark Inc. lifted its position in Wintrust Financial by 6.3% during the 4th quarter. Assetmark Inc. now owns 17,770 shares of the bank's stock worth $2,216,000 after acquiring an additional 1,057 shares in the last quarter. Atria Investments Inc raised its stake in shares of Wintrust Financial by 34.5% during the fourth quarter. Atria Investments Inc now owns 10,926 shares of the bank's stock valued at $1,363,000 after purchasing an additional 2,804 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Wintrust Financial during the fourth quarter valued at approximately $10,114,000. Finally, Arizona State Retirement System lifted its position in shares of Wintrust Financial by 0.8% during the fourth quarter. Arizona State Retirement System now owns 19,291 shares of the bank's stock worth $2,406,000 after purchasing an additional 154 shares in the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Stock Up 1.7%

WTFC traded up $2.22 during trading on Thursday, reaching $132.53. 115,271 shares of the stock traded hands, compared to its average volume of 432,821. The stock's 50-day simple moving average is $119.36 and its two-hundred day simple moving average is $119.66. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.00. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $142.04. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 13.07 and a beta of 0.82.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, beating the consensus estimate of $2.52 by $0.17. The business had revenue of $643.11 million during the quarter, compared to analysts' expectations of $643.11 million. Wintrust Financial had a return on equity of 12.00% and a net margin of 17.32%. During the same quarter in the previous year, the business posted $2.89 EPS. As a group, equities research analysts expect that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WTFC. Jefferies Financial Group set a $145.00 target price on Wintrust Financial and gave the company a "buy" rating in a research note on Wednesday, May 21st. Royal Bank Of Canada dropped their price target on shares of Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Barclays upped their price objective on Wintrust Financial from $138.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, April 23rd. Raymond James Financial set a $143.00 price target on shares of Wintrust Financial and gave the stock a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen lowered Wintrust Financial from a "hold" rating to a "sell" rating in a report on Saturday, June 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $135.77.

Wintrust Financial 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.