Allianz Asset Management GmbH Buys 9,255 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Allianz Asset Management GmbH increased its position in shares of Wintrust Financial Co. (NASDAQ:WTFCFree Report) by 21.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,674 shares of the bank’s stock after purchasing an additional 9,255 shares during the quarter. Allianz Asset Management GmbH owned 0.08% of Wintrust Financial worth $4,793,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Wintrust Financial in the 4th quarter valued at approximately $61,898,000. Principal Financial Group Inc. lifted its stake in Wintrust Financial by 136.7% during the fourth quarter. Principal Financial Group Inc. now owns 860,623 shares of the bank’s stock worth $79,823,000 after purchasing an additional 497,065 shares during the last quarter. FMR LLC boosted its holdings in shares of Wintrust Financial by 11.5% in the 3rd quarter. FMR LLC now owns 4,651,381 shares of the bank’s stock valued at $351,179,000 after purchasing an additional 480,942 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in shares of Wintrust Financial in the 4th quarter valued at $31,267,000. Finally, Jennison Associates LLC raised its holdings in shares of Wintrust Financial by 102.2% during the 4th quarter. Jennison Associates LLC now owns 596,632 shares of the bank’s stock worth $55,338,000 after buying an additional 301,528 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Stephens reiterated an “overweight” rating and issued a $110.00 target price on shares of Wintrust Financial in a research report on Tuesday, April 16th. StockNews.com upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. Wedbush restated an “outperform” rating and issued a $116.00 target price on shares of Wintrust Financial in a research report on Thursday, April 18th. Barclays decreased their target price on shares of Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Finally, Jefferies Financial Group increased their price target on Wintrust Financial from $114.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $112.33.

View Our Latest Stock Report on WTFC

Wintrust Financial Trading Up 0.3 %

NASDAQ:WTFC opened at $94.92 on Thursday. Wintrust Financial Co. has a 52 week low of $65.19 and a 52 week high of $105.29. The firm’s fifty day moving average is $99.46 and its 200-day moving average is $96.01. The firm has a market cap of $5.86 billion, a P/E ratio of 9.82 and a beta of 1.19. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.97 and a current ratio of 0.98.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The firm had revenue of $604.77 million during the quarter, compared to the consensus estimate of $577.80 million. During the same period last year, the business posted $2.80 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. Equities analysts expect that Wintrust Financial Co. will post 10.14 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.90%. The ex-dividend date was Wednesday, May 8th. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.61%.

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.

See Also

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

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