Russell Investments Group Ltd. raised its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 18.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,953 shares of the bank's stock after buying an additional 5,478 shares during the period. Russell Investments Group Ltd. owned about 0.05% of Wintrust Financial worth $3,931,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of WTFC. Earnest Partners LLC purchased a new stake in Wintrust Financial during the fourth quarter worth $163,767,000. Invesco Ltd. increased its position in shares of Wintrust Financial by 2.7% during the first quarter. Invesco Ltd. now owns 1,128,724 shares of the bank's stock worth $126,936,000 after purchasing an additional 30,018 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Wintrust Financial by 55.6% during the 4th quarter. Bank of America Corp DE now owns 897,932 shares of the bank's stock valued at $111,981,000 after purchasing an additional 320,954 shares during the last quarter. Jennison Associates LLC lifted 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 valued at $90,799,000 after purchasing an additional 280,568 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Wintrust Financial by 20.2% during the 4th quarter. Northern Trust Corp now owns 709,182 shares of the bank's stock valued at $88,442,000 after purchasing an additional 119,416 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company's stock.
Wintrust Financial Trading Down 0.2%
Shares of NASDAQ WTFC traded down $0.22 during midday trading on Thursday, reaching $137.49. 63,308 shares of the stock were exchanged, compared to its average volume of 437,951. The stock has a market capitalization of $9.20 billion, a P/E ratio of 13.02 and a beta of 0.85. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. Wintrust Financial Corporation has a twelve month low of $89.10 and a twelve month high of $142.04. The company has a 50 day simple moving average of $128.87 and a 200 day simple moving average of $120.03.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its earnings results on Monday, July 21st. The bank reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.19. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. The firm had revenue of $670.78 million during the quarter, compared to the consensus estimate of $661.43 million. During the same quarter in the previous year, the firm posted $2.32 earnings per share. As a group, equities analysts expect that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.
Wintrust Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 7th. Wintrust Financial's dividend payout ratio (DPR) is 18.92%.
Insider Activity at Wintrust Financial
In other Wintrust Financial news, insider Edward J. Wehmer bought 3,919 shares of Wintrust Financial stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average price of $26.35 per share, for a total transaction of $103,265.65. Following the acquisition, the insider owned 3,919 shares of the company's stock, valued at $103,265.65. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO David A. Dykstra sold 14,942 shares of Wintrust Financial stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $131.53, for a total transaction of $1,965,321.26. Following the completion of the transaction, the chief operating officer directly owned 182,208 shares of the company's stock, valued at $23,965,818.24. This trade represents a 7.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several analysts have recently commented on WTFC shares. Raymond James Financial reiterated a "strong-buy" rating and set a $157.00 price objective (up previously from $155.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. Barclays reiterated an "overweight" rating and set a $162.00 price objective (up previously from $145.00) on shares of Wintrust Financial in a report on Tuesday, July 8th. Truist Financial upped their target price on Wintrust Financial from $137.00 to $151.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. DA Davidson upped their target price on Wintrust Financial from $135.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods increased their price target on Wintrust Financial from $130.00 to $138.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Wintrust Financial currently has an average rating of "Moderate Buy" and a consensus price target of $145.77.
Read Our Latest Research Report on WTFC
About Wintrust Financial
(
Free Report)
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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