Public Employees Retirement System of Ohio Purchases New Holdings in Wintrust Financial Corporation $WTFC

Key Points

• Public Employees Retirement System of Ohio acquired 60,162 Wintrust Financial shares worth approximately $9.7 million, while institutional investors overall own 93.48% of the company.
• Wintrust reported quarterly EPS of $3.30, beating estimates of $3.15, as revenue rose 10.1% year over year to $738.63 million.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $177.77, compared with the stock’s opening price of $150.36; the company also pays a $0.55 quarterly dividend.

Public Employees Retirement System of Ohio purchased a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 60,162 shares of the bank's stock, valued at approximately $9,669,000. Public Employees Retirement System of Ohio owned 0.09% of Wintrust Financial at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Wintrust Financial in the 2nd quarter worth approximately $1,058,088,000. Bank of America Corp DE bought a new position in Wintrust Financial during the second quarter valued at $168,021,000. Norges Bank purchased a new stake in Wintrust Financial in the fourth quarter worth $111,924,000. Wellington Management Group LLP purchased a new stake in Wintrust Financial in the third quarter worth $90,187,000. Finally, Jupiter Topco LLC bought a new stake in shares of Wintrust Financial in the second quarter valued at $92,734,000. Hedge funds and other institutional investors own 93.48% of the company's stock.

Insider Activity

In other news, COO David A. Dykstra sold 13,515 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the transaction, the chief operating officer directly owned 166,449 shares in the company, valued at approximately $27,092,903.73. This trade represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.24% of the company's stock.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $150.36 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. Wintrust Financial Corporation has a fifty-two week low of $119.61 and a fifty-two week high of $167.21. The stock has a market cap of $10.14 billion, a PE ratio of 12.08 and a beta of 0.85. The stock has a fifty day moving average of $159.40 and a 200-day moving average of $151.08.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.15. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The business had revenue of $738.63 million for the quarter, compared to analysts' expectations of $735.36 million. During the same quarter in the prior year, the firm posted $2.78 EPS. The firm's quarterly revenue was up 10.1% on a year-over-year basis. Equities research analysts anticipate that Wintrust Financial Corporation will post 13.04 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 6th. Wintrust Financial's dividend payout ratio is presently 17.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WTFC shares. DA Davidson upped their price target on Wintrust Financial from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. TD Cowen lowered their price objective on Wintrust Financial from $184.00 to $183.00 and set a "buy" rating on the stock in a research note on Wednesday, July 22nd. Citigroup downgraded shares of Wintrust Financial from a "buy" rating to a "hold" rating in a report on Tuesday, July 21st. Capital One Financial set a $170.00 target price on shares of Wintrust Financial in a research report on Tuesday, July 21st. Finally, Barclays lifted their target price on shares of Wintrust Financial from $190.00 to $192.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 7th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $177.77.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm's core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.

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