5,837 Shares in Wintrust Financial Co. (NASDAQ:WTFC) Bought by Corient Private Wealth LLC

Corient Private Wealth LLC purchased a new position in Wintrust Financial Co. (NASDAQ:WTFCFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,837 shares of the bank’s stock, valued at approximately $541,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in Wintrust Financial by 2,131.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 73,913 shares of the bank’s stock worth $6,855,000 after purchasing an additional 70,601 shares during the period. Clearbridge Investments LLC grew its stake in Wintrust Financial by 5.9% in the fourth quarter. Clearbridge Investments LLC now owns 258,610 shares of the bank’s stock worth $23,986,000 after purchasing an additional 14,409 shares during the period. Access Investment Management LLC purchased a new stake in Wintrust Financial in the fourth quarter worth $1,624,000. UBS Group AG grew its stake in Wintrust Financial by 61.3% in the third quarter. UBS Group AG now owns 32,210 shares of the bank’s stock worth $2,432,000 after purchasing an additional 12,243 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Wintrust Financial by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 558,955 shares of the bank’s stock worth $51,843,000 after purchasing an additional 19,292 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Trading Down 0.0 %

Shares of NASDAQ:WTFC opened at $94.91 on Friday. Wintrust Financial Co. has a 1 year low of $67.61 and a 1 year high of $105.29. The stock’s fifty day moving average price is $99.08 and its 200-day moving average price is $96.00. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97. The company has a market cap of $5.86 billion, a P/E ratio of 9.81 and a beta of 1.19.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last posted its earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, beating 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 company had revenue of $604.77 million for the quarter, compared to the consensus estimate of $577.80 million. During the same quarter in the prior year, the company earned $2.80 earnings per share. Wintrust Financial’s revenue was up 6.9% on a year-over-year basis. Sell-side analysts expect that Wintrust Financial Co. will post 10.14 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Wednesday, May 8th. Wintrust Financial’s dividend payout ratio is 18.61%.

Wall Street Analysts Forecast Growth

WTFC has been the topic of a number of recent research reports. StockNews.com raised Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Barclays cut their target price on Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Jefferies Financial Group increased their target price on Wintrust Financial from $114.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Citigroup cut their target price on Wintrust Financial from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Finally, Royal Bank of Canada increased their target price on Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $112.33.

Get Our Latest Research Report on WTFC

Wintrust Financial Company 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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