Metropolitan Life Insurance Co. NY reduced its position in Wintrust Financial Co. (NASDAQ:WTFC) by 64.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 31,727 shares of the bank’s stock after selling 56,411 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Wintrust Financial were worth $2,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of WTFC. Cerebellum GP LLC bought a new position in Wintrust Financial in the fourth quarter worth $126,000. Trust Co. of Toledo NA OH bought a new position in Wintrust Financial in the fourth quarter worth $200,000. Magnetar Financial LLC bought a new position in Wintrust Financial in the third quarter worth $204,000. Brown Advisory Inc. bought a new position in Wintrust Financial in the fourth quarter worth $213,000. Finally, Exane Derivatives lifted its position in Wintrust Financial by 79.2% in the fourth quarter. Exane Derivatives now owns 2,971 shares of the bank’s stock worth $245,000 after purchasing an additional 1,313 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO David L. Stoehr sold 5,268 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $87.59, for a total value of $461,424.12. Following the completion of the sale, the chief financial officer now directly owns 11,347 shares in the company, valued at $993,883.73. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Edward J. Wehmer sold 14,173 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $87.66, for a total value of $1,242,405.18. Following the completion of the sale, the insider now owns 134,864 shares of the company’s stock, valued at $11,822,178.24. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 152 shares of company stock valued at $10,629 and have sold 30,676 shares valued at $2,687,566. Corporate insiders own 2.00% of the company’s stock.
WTFC has been the subject of several research reports. BidaskClub raised Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. ValuEngine raised Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $90.00 price objective on shares of Wintrust Financial in a research note on Thursday, December 14th. Finally, SunTrust Banks reiterated a “hold” rating and set a $88.00 price objective on shares of Wintrust Financial in a research note on Wednesday, November 29th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $90.10.
Wintrust Financial Co. (WTFC) opened at $85.21 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.01. Wintrust Financial Co. has a 12 month low of $64.14 and a 12 month high of $91.67. The stock has a market capitalization of $4,970.63, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.19 and a beta of 0.84.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, January 22nd. The bank reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.04. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. The firm had revenue of $300.14 million during the quarter, compared to analyst estimates of $299.47 million. During the same period in the prior year, the company posted $0.94 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. equities analysts anticipate that Wintrust Financial Co. will post 5.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were paid a dividend of $0.19 per share. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.14. This represents a $0.76 annualized dividend and a yield of 0.89%. The ex-dividend date was Wednesday, February 7th. Wintrust Financial’s dividend payout ratio is currently 17.27%.
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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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