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Boston Partners grew its holdings in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 13.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 644,050 shares of the bank's stock after purchasing an additional 75,994 shares during the quarter. Boston Partners owned about 1.05% of Wintrust Financial worth $48,549,000 as of its most recent SEC filing.
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Other institutional investors have also bought and sold shares of the company. Arizona State Retirement System raised its position in shares of Wintrust Financial by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 17,423 shares of the bank's stock valued at $1,315,000 after buying an additional 240 shares during the period. abrdn plc raised its position in shares of Wintrust Financial by 24.6% during the 3rd quarter. abrdn plc now owns 344,631 shares of the bank's stock valued at $26,020,000 after buying an additional 68,042 shares during the period.
Versor Investments LP purchased a new stake in shares of Wintrust Financial during the 3rd quarter valued at approximately $378,000. Signaturefd LLC raised its position in shares of Wintrust Financial by 5.3% during the 3rd quarter. Signaturefd LLC now owns 3,028 shares of the bank's stock valued at $229,000 after buying an additional 153 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of Wintrust Financial by 2.3% during the 3rd quarter. California Public Employees Retirement System now owns 130,043 shares of the bank's stock valued at $9,818,000 after buying an additional 2,901 shares during the period. 92.00% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Wintrust Financial
In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of the business's stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the completion of the sale, the executive vice president now directly owns 3,410 shares of the company's stock, valued at $333,770.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.41% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research firms have recently commented on WTFC. UBS Group lifted their price target on shares of Wintrust Financial from $105.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, January 23rd. Truist Financial lifted their target price on shares of Wintrust Financial from $105.00 to $111.00 and gave the company a "buy" rating in a report on Monday, January 22nd. Keefe, Bruyette & Woods boosted their price target on shares of Wintrust Financial from $103.00 to $106.00 and gave the stock an "outperform" rating in a research note on Friday, January 19th. Royal Bank of Canada boosted their price target on shares of Wintrust Financial from $104.00 to $109.00 and gave the stock an "outperform" rating in a research note on Friday, January 19th.
Finally, Citigroup assumed coverage on shares of Wintrust Financial in a research note on Friday, December 1st. They issued a "buy" rating and a $101.00 price target for the company. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $103.36.
Check Out Our Latest Report on WTFC
Wintrust Financial Stock Performance
Shares of WTFC stock opened at $93.49 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.73. The firm has a fifty day moving average price of $93.19 and a 200 day moving average price of $83.73. The company has a market cap of $5.73 billion, a P/E ratio of 9.76 and a beta of 1.22. Wintrust Financial Co. has a 12 month low of $57.48 and a 12 month high of $100.71.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its earnings results on Thursday, January 18th. The bank reported $1.87 EPS for the quarter, missing analysts' consensus estimates of $2.42 by ($0.55). The firm had revenue of $570.80 million for the quarter, compared to analyst estimates of $578.89 million. Wintrust Financial had a return on equity of 13.23% and a net margin of 18.71%. During the same quarter in the previous year, the firm posted $2.23 EPS. Sell-side analysts predict that Wintrust Financial Co. will post 9.93 earnings per share for the current fiscal year.
Wintrust Financial Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be given a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This is a boost from Wintrust Financials previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.93%. Wintrust Financials payout ratio is 16.70%.
Wintrust Financial Profile
Wintrust Financial Corporation operates as a financial holding company. 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), online and mobile banking, and other services.
