Wealth Enhancement Advisory Services LLC Boosts Position in Wintrust Financial Co. (NASDAQ:WTFC)

Wealth Enhancement Advisory Services LLC raised its position in shares of Wintrust Financial Co. (NASDAQ:WTFCFree Report) by 8.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,234 shares of the bank’s stock after purchasing an additional 498 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Wintrust Financial were worth $651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WTFC. Allspring Global Investments Holdings LLC increased its stake in shares of Wintrust Financial by 2,131.7% in the 4th 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 in the last quarter. Clearbridge Investments LLC lifted its stake in Wintrust Financial by 5.9% in the 4th 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 in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in shares of Wintrust Financial by 13.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 538,489 shares of the bank’s stock valued at $49,945,000 after purchasing an additional 65,179 shares during the last quarter. Access Investment Management LLC purchased a new position in shares of Wintrust Financial during the fourth quarter valued at about $1,624,000. Finally, Alberta Investment Management Corp increased its holdings in shares of Wintrust Financial by 61.0% in 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 last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Trading Up 2.2 %

Shares of NASDAQ WTFC opened at $98.63 on Wednesday. Wintrust Financial Co. has a 1-year low of $71.86 and a 1-year high of $105.29. The business has a fifty day moving average price of $97.56 and a 200 day moving average price of $97.14. The stock has a market capitalization of $6.09 billion, a P/E ratio of 10.20 and a beta of 1.18. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last released its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, beating the consensus estimate of $2.42 by $0.47. The business had revenue of $604.77 million during the quarter, compared to analyst estimates of $577.80 million. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.80 earnings per share. Equities research analysts expect that Wintrust Financial Co. will post 10.11 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Wednesday, May 8th. Wintrust Financial’s payout ratio is presently 18.61%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WTFC. Wedbush restated an “outperform” rating and set a $116.00 price target on shares of Wintrust Financial in a report on Thursday, April 18th. Jefferies Financial Group dropped their price target on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Royal Bank of Canada boosted their price objective on shares of Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday. Hovde Group reaffirmed a “market perform” rating and set a $100.00 target price on shares of Wintrust Financial in a research report on Friday, June 21st. Finally, Barclays lowered 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. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $110.77.

View Our Latest Stock Analysis 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

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

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