State Treasurer State of Michigan cut its holdings in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,100 shares of the bank’s stock after selling 900 shares during the quarter. State Treasurer State of Michigan’s holdings in Wintrust Financial were worth $1,656,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of WTFC. HighTower Advisors LLC raised its holdings in Wintrust Financial by 11.5% during the second quarter. HighTower Advisors LLC now owns 6,421 shares of the bank’s stock valued at $492,000 after acquiring an additional 660 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Wintrust Financial by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 121,906 shares of the bank’s stock valued at $9,318,000 after acquiring an additional 3,606 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Wintrust Financial by 531.5% during the second quarter. Public Employees Retirement System of Ohio now owns 9,334 shares of the bank’s stock valued at $713,000 after acquiring an additional 7,856 shares during the period. Sit Investment Associates Inc. raised its holdings in Wintrust Financial by 5.5% during the third quarter. Sit Investment Associates Inc. now owns 12,765 shares of the bank’s stock valued at $1,000,000 after acquiring an additional 665 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in Wintrust Financial by 30.7% during the third quarter. Assenagon Asset Management S.A. now owns 52,731 shares of the bank’s stock valued at $4,129,000 after acquiring an additional 12,384 shares during the period. 90.41% of the stock is currently owned by institutional investors and hedge funds.
Shares of Wintrust Financial Corp (NASDAQ:WTFC) opened at $85.51 on Thursday. Wintrust Financial Corp has a twelve month low of $64.14 and a twelve month high of $89.34. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.99. The stock has a market capitalization of $4,582.99, a PE ratio of 18.87, a PEG ratio of 1.10 and a beta of 0.85.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.89%. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, February 7th. Wintrust Financial’s payout ratio is 17.27%.
In other Wintrust Financial news, CFO David L. Stoehr sold 5,268 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $87.59, for a total transaction of $461,424.12. Following the sale, the chief financial officer now directly owns 11,347 shares of the company’s stock, valued at $993,883.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David A. Dykstra sold 11,235 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $87.56, for a total value of $983,736.60. Following the sale, the executive vice president now directly owns 39,365 shares in the company, valued at $3,446,799.40. The disclosure for this sale can be found here. Insiders have sold 30,676 shares of company stock worth $2,687,566 over the last three months. 1.97% of the stock is currently owned by insiders.
WTFC has been the topic of a number of recent analyst reports. BidaskClub raised Wintrust Financial from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Piper Jaffray Companies reissued a “hold” rating and set a $86.00 price target on shares of Wintrust Financial in a report on Tuesday, January 9th. Zacks Investment Research cut Wintrust Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 18th. SunTrust Banks set a $79.00 target price on Wintrust Financial and gave the stock a “hold” rating in a report on Thursday, October 19th. Finally, Hovde Group reaffirmed a “market perform” rating and issued a $90.00 target price (up from $85.00) on shares of Wintrust Financial in a report on Thursday, February 8th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Wintrust Financial currently has an average rating of “Hold” and a consensus price target of $88.67.
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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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