1 day Ago By ABMN Staff
Wells Fargo & Company MN lowered its stake in Wintrust Financial Co. ( NASDAQ:WTFC – Free Report ) by 0.2% during the fourth quarter, according to its most recent 13F filing with the SEC.
The firm owned 146,131 shares of the bank’s stock after selling 264 shares during the quarter. Wells Fargo & Company MN owned 0.22% of Wintrust Financial worth $18,224,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in WTFC. HighTower Advisors LLC increased its stake in Wintrust Financial by 3.6% during the 3rd quarter.
HighTower Advisors LLC now owns 11,280 shares of the bank’s stock worth $1,225,000 after buying an additional 395 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Wintrust Financial by 530.3% in the third quarter.
Jane Street Group LLC now owns 39,135 shares of the bank’s stock worth $4,247,000 after acquiring an additional 32,926 shares during the last quarter. XTX Topco Ltd increased its position in shares of Wintrust Financial by 32.4% during the third quarter.
XTX Topco Ltd now owns 3,564 shares of the bank’s stock worth $387,000 after purchasing an additional 873 shares in the last quarter. MML Investors Services LLC raised its stake in Wintrust Financial by 1.7% in the 3rd quarter.
MML Investors Services LLC now owns 6,201 shares of the bank’s stock valued at $673,000 after purchasing an additional 106 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Wintrust Financial in the 3rd quarter valued at $210,000. Hedge funds and other institutional investors own 93.
48% of the company’s stock. Wintrust Financial Trading Up 1.3 % Shares of WTFC stock opened at $98.
61 on Monday. Wintrust Financial Co. has a 1-year low of $89.
10 and a 1-year high of $142.04. The firm has a market cap of $6.
60 billion, a PE ratio of 9.56 and a beta of 0.94.
The company has a 50-day moving average of $115.85 and a two-hundred day moving average of $121.90.
The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.
00. Wintrust Financial Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a dividend of $0.
50 per share. This represents a $2.00 annualized dividend and a yield of 2.
03%. The ex-dividend date is Thursday, May 8th. Wintrust Financial’s payout ratio is 19.
40%. Insider Activity at Wintrust Financial In other news, CFO David L. Stoehr sold 2,363 shares of the stock in a transaction on Tuesday, January 28th.
The stock was sold at an average price of $131.32, for a total value of $310,309.16.
Following the sale, the chief financial officer now directly owns 19,858 shares in the company, valued at approximately $2,607,752.56. This trade represents a 10.
63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, EVP Jeffrey D.
Hahnfeld sold 416 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total value of $54,475.
20. Following the transaction, the executive vice president now directly owns 2,276 shares of the company’s stock, valued at $298,042.20.
The trade was a 15.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold 10,178 shares of company stock worth $1,336,315 in the last three months. 1.47% of the stock is owned by company insiders.
Wall Street Analyst Weigh In A number of equities research analysts have recently commented on the stock. Piper Sandler increased their target price on shares of Wintrust Financial from $151.00 to $156.
00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Raymond James reiterated a “strong-buy” rating and issued a $150.00 price objective (up previously from $135.
00) on shares of Wintrust Financial in a report on Thursday, January 23rd. Barclays lowered their target price on Wintrust Financial from $155.00 to $138.
00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Truist Financial raised Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Finally, StockNews.
com lowered Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.
com, the company presently has an average rating of “Moderate Buy” and an average target price of $132.38. Get Our Latest Stock Analysis on Wintrust Financial Wintrust Financial Profile ( Free Report ) 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. Recommended Stories 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 Co. ( NASDAQ:WTFC – Free Report ). Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.
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