Wintrust Financial Corp (NASDAQ:WTFC) Shares Purchased by Virginia Retirement Systems ET AL
Virginia Retirement Systems ET AL lifted its stake in Wintrust Financial Corp (NASDAQ:WTFC) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,400 shares of the bank’s stock after acquiring an additional 300 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Wintrust Financial were worth $761,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of WTFC. BlackRock Inc. lifted its holdings in Wintrust Financial by 1.6% during the 1st quarter. BlackRock Inc. now owns 5,698,685 shares of the bank’s stock worth $383,690,000 after buying an additional 91,339 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Wintrust Financial by 5.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,820,686 shares of the bank’s stock valued at $122,586,000 after purchasing an additional 87,899 shares during the last quarter. FMR LLC increased its position in shares of Wintrust Financial by 49.3% in the 1st quarter. FMR LLC now owns 988,775 shares of the bank’s stock valued at $66,574,000 after purchasing an additional 326,602 shares during the last quarter. AJO LP increased its position in shares of Wintrust Financial by 2.4% in the 1st quarter. AJO LP now owns 709,940 shares of the bank’s stock valued at $47,800,000 after purchasing an additional 16,758 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Wintrust Financial by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 591,992 shares of the bank’s stock valued at $39,361,000 after purchasing an additional 31,125 shares during the last quarter. Hedge funds and other institutional investors own 88.55% of the company’s stock.
In related news, Director Gary D. Sweeney bought 747 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were purchased at an average cost of $66.92 per share, with a total value of $49,989.24. Following the transaction, the director now directly owns 4,392 shares of the company’s stock, valued at approximately $293,912.64. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.58% of the company’s stock.
Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, July 15th. The bank reported $1.38 EPS for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.27). The company had revenue of $364.36 million during the quarter, compared to analysts’ expectations of $365.40 million. Wintrust Financial had a net margin of 20.60% and a return on equity of 10.72%. During the same period last year, the business earned $1.53 earnings per share. As a group, equities analysts expect that Wintrust Financial Corp will post 6.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 8th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Wednesday, August 7th. Wintrust Financial’s dividend payout ratio (DPR) is 17.06%.
A number of equities research analysts have commented on WTFC shares. Piper Jaffray Companies set a $92.00 price objective on shares of Wintrust Financial and gave the company a “buy” rating in a research report on Monday, July 8th. Wedbush dropped their price objective on shares of Wintrust Financial from $84.00 to $78.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 16th. Zacks Investment Research downgraded shares of Wintrust Financial from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 20th. Raymond James dropped their price objective on shares of Wintrust Financial from $86.00 to $80.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, July 17th. Finally, ValuEngine raised shares of Wintrust Financial from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Wintrust Financial has an average rating of “Buy” and a consensus target price of $87.86.
Wintrust Financial Profile
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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