Prudential Financial Inc. lifted its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 564.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 443,557 shares of the bank’s stock after buying an additional 376,766 shares during the period. Prudential Financial Inc. owned about 0.80% of Wintrust Financial Corporation worth $33,905,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in WTFC. BlackRock Inc. increased its holdings in shares of Wintrust Financial Corporation by 21,214.8% during the first quarter. BlackRock Inc. now owns 6,110,097 shares of the bank’s stock worth $422,330,000 after buying an additional 6,081,431 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Wintrust Financial Corporation by 189.4% during the first quarter. JPMorgan Chase & Co. now owns 1,610,423 shares of the bank’s stock worth $111,312,000 after buying an additional 1,053,900 shares in the last quarter. State Street Corp increased its holdings in shares of Wintrust Financial Corporation by 57.1% during the first quarter. State Street Corp now owns 2,863,254 shares of the bank’s stock worth $197,915,000 after buying an additional 1,040,715 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Wintrust Financial Corporation by 218.2% in the first quarter. Renaissance Technologies LLC now owns 187,400 shares of the bank’s stock valued at $12,953,000 after purchasing an additional 128,500 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in Wintrust Financial Corporation by 96.4% in the first quarter. Nuveen Asset Management LLC now owns 251,804 shares of the bank’s stock valued at $17,405,000 after purchasing an additional 123,578 shares during the period. Institutional investors own 90.64% of the company’s stock.
A number of analysts recently weighed in on WTFC shares. ValuEngine upgraded Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Saturday, May 20th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $82.00 price objective on shares of Wintrust Financial Corporation in a report on Tuesday, August 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $84.00 price objective on shares of Wintrust Financial Corporation in a report on Friday, September 8th. Finally, Stephens downgraded Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Wintrust Financial Corporation presently has an average rating of “Hold” and a consensus target price of $80.63.
In other Wintrust Financial Corporation news, insider Edward J. Wehmer sold 29,779 shares of the business’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $76.89, for a total value of $2,289,707.31. Following the transaction, the insider now owns 137,352 shares in the company, valued at $10,560,995.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary D. Sweeney acquired 485 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was purchased at an average price of $77.12 per share, for a total transaction of $37,403.20. Following the transaction, the director now directly owns 2,186 shares of the company’s stock, valued at approximately $168,584.32. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by insiders.
Shares of Wintrust Financial Corporation (NASDAQ WTFC) traded up 0.37% during mid-day trading on Friday, reaching $70.71. The company’s stock had a trading volume of 578,416 shares. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 17.83 and a beta of 0.81. The company’s 50-day moving average is $72.65 and its 200 day moving average is $72.51. Wintrust Financial Corporation has a 12 month low of $51.66 and a 12 month high of $80.52.
Wintrust Financial Corporation (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.12. The business had revenue of $294.38 million during the quarter, compared to the consensus estimate of $279.69 million. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 earnings per share. On average, equities analysts anticipate that Wintrust Financial Corporation will post $4.30 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Tuesday, August 8th. Wintrust Financial Corporation’s payout ratio is 14.11%.
About Wintrust Financial Corporation
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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