Swiss National Bank increased its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 7.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,067 shares of the bank’s stock after purchasing an additional 6,600 shares during the quarter. Swiss National Bank owned approximately 166,667.26% of Wintrust Financial worth $7,288,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Wintrust Financial by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 239,123 shares of the bank’s stock valued at $18,726,000 after purchasing an additional 1,016 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Wintrust Financial by 47.1% in the 3rd quarter. Prudential Financial Inc. now owns 652,277 shares of the bank’s stock valued at $51,080,000 after purchasing an additional 208,720 shares during the last quarter. IndexIQ Advisors LLC boosted its stake in shares of Wintrust Financial by 82.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 12,540 shares of the bank’s stock valued at $982,000 after purchasing an additional 5,682 shares during the last quarter. State of Tennessee Treasury Department boosted its stake in Wintrust Financial by 19.2% during the 3rd quarter. State of Tennessee Treasury Department now owns 124,000 shares of the bank’s stock worth $9,710,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Stevens Capital Management LP boosted its stake in Wintrust Financial by 267.4% during the 3rd quarter. Stevens Capital Management LP now owns 28,204 shares of the bank’s stock worth $2,209,000 after acquiring an additional 20,528 shares during the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.
WTFC has been the topic of several recent analyst reports. Jefferies Group reissued a “hold” rating and set a $80.00 price objective on shares of Wintrust Financial in a research note on Friday, August 11th. ValuEngine upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Keefe, Bruyette & Woods restated a “buy” rating and set a $82.00 target price on shares of Wintrust Financial in a report on Tuesday, August 22nd. Zacks Investment Research cut shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $74.00 target price on shares of Wintrust Financial in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $82.50.
Wintrust Financial Corporation (NASDAQ:WTFC) traded up $0.68 during trading on Thursday, hitting $83.58. The stock had a trading volume of 348,192 shares, compared to its average volume of 397,486. Wintrust Financial Corporation has a one year low of $64.14 and a one year high of $86.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 0.99. The firm has a market capitalization of $4,671.83, a P/E ratio of 20.03, a P/E/G ratio of 1.41 and a beta of 0.83.
Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. The company had revenue of $295.70 million for the quarter, compared to analysts’ expectations of $298.96 million. During the same period last year, the business earned $0.92 EPS. Wintrust Financial’s quarterly revenue was up 9.0% compared to the same quarter last year. equities research analysts predict that Wintrust Financial Corporation will post 4.38 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Thursday, November 9th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Wednesday, November 8th. Wintrust Financial’s dividend payout ratio is presently 13.43%.
In other news, Director Gary D. Sweeney acquired 338 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was bought at an average price of $80.58 per share, with a total value of $27,236.04. Following the acquisition, the director now owns 2,973 shares in the company, valued at approximately $239,564.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David A. Dykstra sold 22,476 shares of Wintrust Financial stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $79.86, for a total value of $1,794,933.36. Following the completion of the sale, the executive vice president now directly owns 188,604 shares of the company’s stock, valued at approximately $15,061,915.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,500 shares of company stock valued at $3,563,512. Insiders own 2.00% of the company’s stock.
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Wintrust Financial Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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