Mitsubishi UFJ Trust & Banking Corp Lowers Position in Wintrust Financial Co. (NASDAQ:WTFC)

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Wintrust Financial Co. (NASDAQ:WTFCGet Rating) by 16.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,410 shares of the bank’s stock after selling 670 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Wintrust Financial were worth $273,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of WTFC. Lazard Asset Management LLC raised its position in shares of Wintrust Financial by 14.0% during the 2nd quarter. Lazard Asset Management LLC now owns 94,141 shares of the bank’s stock worth $7,545,000 after acquiring an additional 11,540 shares in the last quarter. Eqis Capital Management Inc. raised its position in shares of Wintrust Financial by 43.6% during the 2nd quarter. Eqis Capital Management Inc. now owns 3,403 shares of the bank’s stock worth $273,000 after acquiring an additional 1,033 shares in the last quarter. Walleye Capital LLC raised its position in shares of Wintrust Financial by 254.2% during the 2nd quarter. Walleye Capital LLC now owns 49,068 shares of the bank’s stock worth $3,933,000 after acquiring an additional 35,215 shares in the last quarter. Coyle Financial Counsel LLC raised its position in shares of Wintrust Financial by 100.0% during the 2nd quarter. Coyle Financial Counsel LLC now owns 7,838 shares of the bank’s stock worth $678,000 after acquiring an additional 3,919 shares in the last quarter. Finally, Bank of Nova Scotia raised its position in shares of Wintrust Financial by 212.4% during the 2nd quarter. Bank of Nova Scotia now owns 96,274 shares of the bank’s stock worth $7,716,000 after acquiring an additional 65,453 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wintrust Financial Trading Up 0.6 %

Shares of WTFC stock opened at $89.92 on Wednesday. The business’s 50 day moving average is $88.68 and its two-hundred day moving average is $85.85. Wintrust Financial Co. has a twelve month low of $76.13 and a twelve month high of $105.56. The company has a market capitalization of $5.46 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 0.63 and a beta of 1.21. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.82.

Wintrust Financial (NASDAQ:WTFCGet Rating) last announced its earnings results on Wednesday, October 19th. The bank reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.14. Wintrust Financial had a return on equity of 11.10% and a net margin of 23.23%. The company had revenue of $502.93 million for the quarter, compared to the consensus estimate of $497.95 million. During the same period last year, the business posted $1.77 EPS. The company’s revenue was up 18.6% on a year-over-year basis. Equities analysts forecast that Wintrust Financial Co. will post 8.39 EPS for the current year.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Thursday, November 10th will be paid a $0.34 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $1.36 annualized dividend and a dividend yield of 1.51%. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.50%.

Wall Street Analyst Weigh In

WTFC has been the topic of several research analyst reports. UBS Group raised their target price on Wintrust Financial to $100.00 in a research report on Wednesday, November 16th. Stephens raised their price target on Wintrust Financial from $107.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, October 20th. Royal Bank of Canada raised their price target on Wintrust Financial from $109.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, October 20th. StockNews.com downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, DA Davidson restated a “buy” rating on shares of Wintrust Financial in a research note on Wednesday, July 27th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.88.

Insider Buying and Selling at Wintrust Financial

In other news, CFO David L. Stoehr sold 2,215 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $92.45, for a total value of $204,776.75. Following the completion of the sale, the chief financial officer now directly owns 11,266 shares of the company’s stock, valued at approximately $1,041,541.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.41% of the company’s stock.

Wintrust Financial Company Profile

(Get Rating)

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.

Further Reading

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

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