Wintrust Financial Corporation (WTFC) Shares Bought by Advisors Asset Management Inc.
Advisors Asset Management Inc. grew its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 189.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,564 shares of the bank’s stock after purchasing an additional 2,985 shares during the period. Advisors Asset Management Inc.’s holdings in Wintrust Financial were worth $357,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of WTFC. BlackRock Inc. grew its holdings in shares of Wintrust Financial by 6.3% in the second quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock worth $496,316,000 after acquiring an additional 382,791 shares during the period. Vanguard Group Inc. grew its holdings in shares of Wintrust Financial by 7.7% in the second quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock worth $350,607,000 after acquiring an additional 327,529 shares during the period. State Street Corp grew its holdings in shares of Wintrust Financial by 5.9% in the second quarter. State Street Corp now owns 3,031,640 shares of the bank’s stock worth $231,743,000 after acquiring an additional 168,386 shares during the period. Northern Trust Corp grew its holdings in shares of Wintrust Financial by 33.2% in the second quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock worth $107,265,000 after acquiring an additional 349,965 shares during the period. Finally, Jennison Associates LLC grew its holdings in shares of Wintrust Financial by 3.1% in the third quarter. Jennison Associates LLC now owns 1,213,582 shares of the bank’s stock worth $95,036,000 after acquiring an additional 36,660 shares during the period. 91.71% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Edward J. Wehmer sold 9,000 shares of Wintrust Financial stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $79.91, for a total value of $719,190.00. Following the sale, the chief executive officer now directly owns 121,873 shares of the company’s stock, valued at $9,738,871.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary D. Sweeney bought 338 shares of Wintrust Financial stock in a transaction dated Tuesday, October 24th. The stock was purchased at an average cost of $80.58 per share, for a total transaction of $27,236.04. Following the completion of the acquisition, the director now directly owns 2,973 shares of the company’s stock, valued at approximately $239,564.34. The disclosure for this purchase can be found here. Insiders sold 44,500 shares of company stock worth $3,563,512 over the last 90 days. Company insiders own 1.97% of the company’s stock.
Wintrust Financial Corporation (WTFC) opened at $82.90 on Thursday. Wintrust Financial Corporation has a 52-week low of $64.14 and a 52-week high of $86.80. The company has a market capitalization of $4,835.12, a PE ratio of 20.73, a PEG ratio of 1.46 and a beta of 0.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 0.99.
Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. The business had revenue of $295.70 million for the quarter, compared to the consensus estimate of $298.96 million. During the same period in the previous year, the business earned $0.92 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. sell-side analysts predict that Wintrust Financial Corporation will post 4.38 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Thursday, November 9th were given a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.56 annualized dividend and a dividend yield of 0.68%. Wintrust Financial’s payout ratio is 13.43%.
Several analysts recently commented on the company. Jefferies Group reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Wintrust Financial in a report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $84.00 price objective on shares of Wintrust Financial in a report on Friday, October 20th. Zacks Investment Research lowered Wintrust Financial from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Piper Jaffray Companies reiterated a “hold” rating and set a $74.00 target price on shares of Wintrust Financial in a research report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $82.00 target price on shares of Wintrust Financial in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Wintrust Financial has a consensus rating of “Hold” and a consensus target price of $82.50.
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About Wintrust Financial
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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