Public Employees Retirement System of Ohio Has $8.24 Million Holdings in Wintrust Financial Corporation $WTFC

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Wintrust Financial Corporation by 4.8%, now holding approximately $8.24 million worth of shares.
• Several institutional investors, including Millennium Management LLC and GAMMA Investing LLC, significantly boosted their holdings in Wintrust Financial, indicating strong interest from hedge funds.
• Analysts have upgraded their target prices for Wintrust Financial, with estimates ranging from $151.00 to $162.00, reflecting a positive outlook for the stock.

Public Employees Retirement System of Ohio lifted its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,468 shares of the bank's stock after purchasing an additional 3,024 shares during the period. Public Employees Retirement System of Ohio owned about 0.10% of Wintrust Financial worth $8,241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in Wintrust Financial by 539.2% in the first quarter. Millennium Management LLC now owns 594,711 shares of the bank's stock valued at $66,881,000 after acquiring an additional 501,669 shares during the last quarter. Nuveen LLC bought a new position in shares of Wintrust Financial during the 1st quarter worth approximately $47,769,000. Jennison Associates LLC boosted its holdings in shares of Wintrust Financial by 53.3% during the 1st quarter. Jennison Associates LLC now owns 807,390 shares of the bank's stock worth $90,799,000 after buying an additional 280,568 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Wintrust Financial by 21,245.9% during the 1st quarter. GAMMA Investing LLC now owns 268,105 shares of the bank's stock worth $30,151,000 after buying an additional 266,849 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Wintrust Financial by 20.2% during the 1st quarter. Northern Trust Corp now owns 852,583 shares of the bank's stock worth $95,881,000 after buying an additional 143,401 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO David A. Dykstra sold 14,942 shares of Wintrust Financial stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total value of $1,965,321.26. Following the completion of the sale, the chief operating officer owned 182,208 shares of the company's stock, valued at approximately $23,965,818.24. This trade represents a 7.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward J. Wehmer acquired 3,919 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average cost of $26.35 per share, with a total value of $103,265.65. Following the acquisition, the insider owned 3,919 shares in the company, valued at $103,265.65. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.01% of the company's stock.

Wall Street Analyst Weigh In

WTFC has been the topic of a number of research reports. Piper Sandler reaffirmed an "overweight" rating and set a $160.00 target price (up from $141.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Raymond James Financial reaffirmed a "strong-buy" rating and set a $157.00 target price (up from $155.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Truist Financial upped their target price on Wintrust Financial from $137.00 to $151.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Wall Street Zen raised Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Barclays reaffirmed an "overweight" rating and set a $162.00 target price (up from $145.00) on shares of Wintrust Financial in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $148.64.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $134.04 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The stock's fifty day simple moving average is $132.28 and its two-hundred day simple moving average is $122.05. Wintrust Financial Corporation has a 1-year low of $89.10 and a 1-year high of $142.04. The stock has a market cap of $8.97 billion, a PE ratio of 12.68 and a beta of 0.87.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.19. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%.The business had revenue of $670.78 million for the quarter, compared to analysts' expectations of $661.43 million. During the same period last year, the business earned $2.32 EPS. As a group, analysts forecast that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.00 annualized dividend and a yield of 1.5%. Wintrust Financial's dividend payout ratio (DPR) is 18.92%.

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.

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