Allspring Global Investments Holdings LLC Has $27.18 Million Position in Wintrust Financial Corporation $WTFC

Allspring Global Investments Holdings LLC cut its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,487 shares of the bank’s stock after selling 10,223 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.28% of Wintrust Financial worth $27,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP boosted its holdings in shares of Wintrust Financial by 5.4% during the 3rd quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock worth $263,940,000 after buying an additional 102,833 shares in the last quarter. Earnest Partners LLC grew its holdings in Wintrust Financial by 0.6% in the third quarter. Earnest Partners LLC now owns 1,442,018 shares of the bank’s stock worth $190,981,000 after purchasing an additional 8,048 shares during the period. Principal Financial Group Inc. increased its stake in Wintrust Financial by 6.1% in the third quarter. Principal Financial Group Inc. now owns 1,300,234 shares of the bank’s stock valued at $172,204,000 after purchasing an additional 75,155 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Wintrust Financial by 9.0% during the second quarter. Invesco Ltd. now owns 1,229,858 shares of the bank’s stock valued at $152,478,000 after purchasing an additional 101,134 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Wintrust Financial by 1.4% during the 3rd quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock worth $141,944,000 after purchasing an additional 15,044 shares in the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $139.60 on Friday. Wintrust Financial Corporation has a one year low of $89.10 and a one year high of $162.96. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.99. The business’s fifty day moving average price is $144.42 and its 200-day moving average price is $138.61. The stock has a market capitalization of $9.39 billion, a PE ratio of 12.25 and a beta of 0.86.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, January 20th. The bank reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.22. The company had revenue of $714.26 million during the quarter, compared to analyst estimates of $700.85 million. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.During the same quarter last year, the firm posted $2.63 EPS. On average, equities research analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were paid a $0.55 dividend. The ex-dividend date was Thursday, February 5th. This represents a $2.20 dividend on an annualized basis and a yield of 1.6%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.50. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.30%.

Wall Street Analyst Weigh In

WTFC has been the subject of several research reports. TD Cowen raised their target price on Wintrust Financial from $170.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Stephens initiated coverage on Wintrust Financial in a report on Friday, March 27th. They issued an “equal weight” rating and a $160.00 price target on the stock. Citigroup raised their price objective on Wintrust Financial from $167.00 to $178.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, January 21st. Finally, Barclays upped their target price on Wintrust Financial from $178.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $163.62.

Insider Buying and Selling at Wintrust Financial

In other news, EVP Kathleen M. Boege sold 5,000 shares of Wintrust Financial stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $146.38, for a total value of $731,900.00. Following the completion of the transaction, the executive vice president directly owned 22,883 shares in the company, valued at approximately $3,349,613.54. The trade was a 17.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 314 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $145.43, for a total value of $45,665.02. Following the sale, the executive vice president owned 1,947 shares in the company, valued at approximately $283,152.21. The trade was a 13.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 11,662 shares of company stock worth $1,705,730. Company insiders own 1.01% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.