KBC Group NV Has $1.01 Million Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

KBC Group NV increased its position in Wintrust Financial Co. (NASDAQ:WTFCFree Report) by 15.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,866 shares of the bank’s stock after purchasing an additional 1,430 shares during the period. KBC Group NV’s holdings in Wintrust Financial were worth $1,008,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Wintrust Financial by 2,131.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 73,913 shares of the bank’s stock valued at $6,855,000 after buying an additional 70,601 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Wintrust Financial by 5.9% in the 4th quarter. Clearbridge Investments LLC now owns 258,610 shares of the bank’s stock valued at $23,986,000 after purchasing an additional 14,409 shares during the period. Access Investment Management LLC purchased a new stake in shares of Wintrust Financial in the fourth quarter worth approximately $1,624,000. Alberta Investment Management Corp boosted its holdings in shares of Wintrust Financial by 61.0% during the fourth quarter. Alberta Investment Management Corp now owns 32,113 shares of the bank’s stock worth $2,978,000 after purchasing an additional 12,165 shares during the period. Finally, UBS Group AG grew its position in Wintrust Financial by 61.3% during the third quarter. UBS Group AG now owns 32,210 shares of the bank’s stock valued at $2,432,000 after purchasing an additional 12,243 shares in the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Stock Up 0.5 %

Wintrust Financial stock opened at $95.43 on Friday. 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 firm has a fifty day moving average price of $98.90 and a two-hundred day moving average price of $96.06. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 9.87 and a beta of 1.19. Wintrust Financial Co. has a fifty-two week low of $67.61 and a fifty-two week high of $105.29.

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

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were given a $0.45 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $1.80 annualized dividend and a yield of 1.89%. Wintrust Financial’s dividend payout ratio is 18.61%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WTFC shares. Royal Bank of Canada lifted their target price on shares of Wintrust Financial from $109.00 to $116.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Truist Financial dropped their target price on Wintrust Financial from $117.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Barclays reduced their price target on Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Stephens restated an “overweight” rating and issued a $110.00 price objective on shares of Wintrust Financial in a report on Tuesday, April 16th. Finally, Citigroup reduced their target price on shares of Wintrust Financial from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $112.33.

Get Our Latest Report on Wintrust Financial

About Wintrust Financial

(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

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

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