Great West Life Assurance Co. Can Decreases Holdings in Wintrust Financial Corp (WTFC)
Great West Life Assurance Co. Can cut its holdings in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,901 shares of the bank’s stock after selling 791 shares during the quarter. Great West Life Assurance Co. Can owned 0.06% of Wintrust Financial worth $2,563,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Greenwood Capital Associates LLC raised its stake in shares of Wintrust Financial by 1.8% during the second quarter. Greenwood Capital Associates LLC now owns 4,399 shares of the bank’s stock worth $336,000 after acquiring an additional 78 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Wintrust Financial by 4.6% during the second quarter. Jennison Associates LLC now owns 1,176,922 shares of the bank’s stock worth $89,964,000 after acquiring an additional 52,161 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Wintrust Financial by 564.1% during the second quarter. Prudential Financial Inc. now owns 443,557 shares of the bank’s stock worth $33,905,000 after acquiring an additional 376,766 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Wintrust Financial by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 735,233 shares of the bank’s stock worth $57,576,000 after acquiring an additional 20,848 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Wintrust Financial by 12.2% during the second quarter. Principal Financial Group Inc. now owns 238,107 shares of the bank’s stock worth $18,201,000 after acquiring an additional 25,798 shares in the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.
WTFC has been the topic of several research reports. Zacks Investment Research raised shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Saturday, September 2nd. Royal Bank of Canada reissued a “buy” rating and set a $84.00 price target on shares of Wintrust Financial in a research note on Friday, September 8th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Wintrust Financial in a research note on Tuesday, September 26th. Finally, SunTrust Banks set a $79.00 target price on shares of Wintrust Financial and gave the stock a “hold” rating in a report on Thursday, October 19th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $83.50.
Wintrust Financial Corp (NASDAQ:WTFC) opened at $80.16 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.40. Wintrust Financial Corp has a fifty-two week low of $64.14 and a fifty-two week high of $86.80. The stock has a market cap of $4,542.09, a P/E ratio of 19.48, a PEG ratio of 1.37 and a beta of 0.83.
Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.04. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. The firm had revenue of $295.70 million for the quarter, compared to analysts’ expectations of $298.96 million. During the same quarter last year, the business earned $0.92 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. research analysts forecast that Wintrust Financial Corp will post 4.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Thursday, November 9th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Wednesday, November 8th. Wintrust Financial’s dividend payout ratio is 13.43%.
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Wintrust Financial Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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