Great West Life Assurance Co. Can grew its position in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,559 shares of the bank’s stock after acquiring an additional 2,191 shares during the quarter. Great West Life Assurance Co. Can owned 0.06% of Wintrust Financial worth $2,130,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Wintrust Financial by 3.7% in the 4th quarter. BlackRock Inc. now owns 5,607,346 shares of the bank’s stock valued at $372,835,000 after buying an additional 200,648 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Wintrust Financial by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,119,942 shares of the bank’s stock valued at $434,889,000 after purchasing an additional 102,924 shares during the last quarter. Vanguard Group Inc lifted its holdings in Wintrust Financial by 2.1% during the 3rd quarter. Vanguard Group Inc now owns 5,119,942 shares of the bank’s stock valued at $434,889,000 after purchasing an additional 102,924 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Wintrust Financial by 2.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,604,175 shares of the bank’s stock valued at $106,662,000 after purchasing an additional 44,503 shares during the last quarter. Finally, Citadel Advisors LLC lifted its holdings in Wintrust Financial by 280.1% during the 3rd quarter. Citadel Advisors LLC now owns 1,143,203 shares of the bank’s stock valued at $97,104,000 after purchasing an additional 842,454 shares during the last quarter. 89.17% of the stock is owned by hedge funds and other institutional investors.
Shares of Wintrust Financial stock opened at $64.30 on Friday. Wintrust Financial Corp has a 1 year low of $61.53 and a 1 year high of $99.96. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 0.78 and a beta of 0.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.98.
Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Tuesday, January 22nd. The bank reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.22). Wintrust Financial had a net margin of 22.47% and a return on equity of 11.36%. The business had revenue of $329.40 million for the quarter, compared to analyst estimates of $344.46 million. During the same period in the prior year, the business earned $1.17 EPS. On average, sell-side analysts forecast that Wintrust Financial Corp will post 6.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 21st. Shareholders of record on Thursday, February 7th were given a dividend of $0.25 per share. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.19. The ex-dividend date was Wednesday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.56%. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.06%.
Several brokerages have issued reports on WTFC. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Saturday, December 1st. BidaskClub raised Wintrust Financial from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Finally, Piper Jaffray Companies raised Wintrust Financial from a “neutral” rating to an “overweight” rating in a report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Wintrust Financial currently has a consensus rating of “Buy” and a consensus price target of $93.00.
In other Wintrust Financial news, insider Timothy Crane sold 2,097 shares of the stock in a transaction on Friday, January 25th. The stock was sold at an average price of $72.82, for a total transaction of $152,703.54. Following the transaction, the insider now owns 18,433 shares in the company, valued at approximately $1,342,291.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas P. Zidar sold 3,482 shares of the stock in a transaction on Friday, January 25th. The stock was sold at an average price of $72.62, for a total value of $252,862.84. Following the transaction, the executive vice president now owns 31,016 shares in the company, valued at approximately $2,252,381.92. The disclosure for this sale can be found here. 1.57% of the stock is owned by company insiders.
About Wintrust Financial
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
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