NJ State Employees Deferred Compensation Plan purchased a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the bank’s stock, valued at approximately $783,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. grew its position in shares of Wintrust Financial Corporation by 6.3% during the 2nd quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock worth $496,316,000 after purchasing an additional 382,791 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Wintrust Financial Corporation by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock worth $350,607,000 after purchasing an additional 327,529 shares in the last quarter. State Street Corp grew its position in shares of Wintrust Financial Corporation by 5.9% during the 2nd quarter. State Street Corp now owns 3,031,640 shares of the bank’s stock worth $231,743,000 after purchasing an additional 168,386 shares in the last quarter. Northern Trust Corp grew its position in shares of Wintrust Financial Corporation by 33.2% during the 2nd quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock worth $107,265,000 after purchasing an additional 349,965 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of Wintrust Financial Corporation by 4.6% during the 2nd quarter. Jennison Associates LLC now owns 1,176,922 shares of the bank’s stock worth $89,964,000 after purchasing an additional 52,161 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

In other Wintrust Financial Corporation news, insider Thomas P. Zidar sold 3,178 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $80.00, for a total value of $254,240.00. Following the completion of the transaction, the insider now owns 31,239 shares of the company’s stock, valued at approximately $2,499,120. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Leona A. Gleason sold 8,441 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $80.78, for a total transaction of $681,863.98. The disclosure for this sale can be found here. In the last three months, insiders sold 43,095 shares of company stock valued at $3,450,227. Corporate insiders own 2.00% of the company’s stock.

WTFC has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and set a $80.00 target price on shares of Wintrust Financial Corporation in a research report on Friday, July 14th. Stephens lowered shares of Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 10th. BidaskClub lowered shares of Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $74.00 price target on shares of Wintrust Financial Corporation in a report on Friday, September 1st. One equities 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’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $81.38.

TRADEMARK VIOLATION WARNING: “10,000 Shares in Wintrust Financial Corporation (WTFC) Purchased by NJ State Employees Deferred Compensation Plan” was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://theolympiareport.com/2017/11/02/10000-shares-in-wintrust-financial-corporation-wtfc-purchased-by-nj-state-employees-deferred-compensation-plan.html.

Wintrust Financial Corporation (NASDAQ:WTFC) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. Wintrust Financial Corporation had a net margin of 19.74% and a return on equity of 9.32%. The business had revenue of $295.70 million during the quarter, compared to analysts’ expectations of $298.96 million. During the same quarter in the previous year, the company earned $0.92 EPS. The business’s quarterly revenue was up 9.0% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, November 9th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $0.56 dividend on an annualized basis and a yield of 0.69%. Wintrust Financial Corporation’s dividend payout ratio is presently 13.43%.

Wintrust Financial Corporation Company 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.

Want to see what other hedge funds are holding WTFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wintrust Financial Corporation (NASDAQ:WTFC).

Institutional Ownership by Quarter for Wintrust Financial Corporation (NASDAQ:WTFC)

Receive News & Ratings for Wintrust Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.