Northern Trust Corp Grows Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Northern Trust Corp boosted its position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 709,182 shares of the bank's stock after purchasing an additional 119,416 shares during the quarter. Northern Trust Corp owned approximately 1.07% of Wintrust Financial worth $88,442,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Journey Strategic Wealth LLC grew its stake in Wintrust Financial by 3.6% in the 4th quarter. Journey Strategic Wealth LLC now owns 2,569 shares of the bank's stock valued at $320,000 after acquiring an additional 89 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Wintrust Financial by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank's stock valued at $2,307,000 after purchasing an additional 100 shares during the last quarter. Gitterman Wealth Management LLC increased its stake in shares of Wintrust Financial by 5.0% during the 4th quarter. Gitterman Wealth Management LLC now owns 2,373 shares of the bank's stock worth $296,000 after purchasing an additional 113 shares in the last quarter. Huntington National Bank raised its position in shares of Wintrust Financial by 3.3% during the 4th quarter. Huntington National Bank now owns 3,971 shares of the bank's stock worth $495,000 after purchasing an additional 127 shares during the last quarter. Finally, Access Investment Management LLC lifted its stake in Wintrust Financial by 0.7% in the 4th quarter. Access Investment Management LLC now owns 17,855 shares of the bank's stock valued at $2,227,000 after buying an additional 130 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

Analysts Set New Price Targets

WTFC has been the subject of a number of analyst reports. Raymond James set a $143.00 price target on Wintrust Financial and gave the stock a "strong-buy" rating in a report on Wednesday, April 23rd. StockNews.com upgraded shares of Wintrust Financial from a "sell" rating to a "hold" rating in a report on Tuesday, April 29th. Stephens lowered their price target on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. DA Davidson reduced their price objective on shares of Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Hovde Group raised their target price on shares of Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Wintrust Financial has a consensus rating of "Moderate Buy" and a consensus price target of $133.54.

Wintrust Financial Trading Up 2.9 %

WTFC stock opened at $115.84 on Monday. Wintrust Financial Co. has a 52 week low of $89.10 and a 52 week high of $142.04. The company has a market cap of $7.75 billion, a price-to-earnings ratio of 11.24 and a beta of 0.81. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $109.46 and a 200-day simple moving average of $121.79.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The bank reported $2.69 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.17. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. The company had revenue of $643.11 million for the quarter, compared to the consensus estimate of $643.11 million. During the same period last year, the business posted $2.89 EPS. On average, equities research analysts expect that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

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

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.

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