Los Angeles Capital Management & Equity Research Inc. reduced its holdings in Wintrust Financial Corp (NASDAQ:WTFC) by 7.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,383 shares of the bank’s stock after selling 730 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Wintrust Financial were worth $797,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in WTFC. Jane Street Group LLC boosted its holdings in Wintrust Financial by 2,558.2% during the 2nd quarter. Jane Street Group LLC now owns 124,910 shares of the bank’s stock valued at $10,873,000 after acquiring an additional 120,211 shares during the period. Raymond James & Associates boosted its holdings in Wintrust Financial by 1.4% during the 2nd quarter. Raymond James & Associates now owns 110,682 shares of the bank’s stock valued at $9,635,000 after acquiring an additional 1,516 shares during the period. Oakbrook Investments LLC boosted its holdings in Wintrust Financial by 35.0% during the 3rd quarter. Oakbrook Investments LLC now owns 6,950 shares of the bank’s stock valued at $590,000 after acquiring an additional 1,800 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Wintrust Financial during the 2nd quarter valued at about $1,179,000. Finally, Arizona State Retirement System boosted its holdings in Wintrust Financial by 2.7% during the 2nd quarter. Arizona State Retirement System now owns 39,076 shares of the bank’s stock valued at $3,402,000 after acquiring an additional 1,025 shares during the period. Institutional investors and hedge funds own 89.02% of the company’s stock.
NASDAQ WTFC opened at $75.83 on Friday. Wintrust Financial Corp has a fifty-two week low of $72.17 and a fifty-two week high of $99.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.99 and a quick ratio of 0.98. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 23rd. Shareholders of record on Thursday, November 8th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Wednesday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is currently 17.27%.
WTFC has been the subject of several analyst reports. ValuEngine cut Wintrust Financial from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Zacks Investment Research cut Wintrust Financial from a “buy” rating to a “hold” rating and set a $86.00 target price for the company. in a report on Saturday, November 17th. Stephens upgraded Wintrust Financial from an “equal” rating to a “weight” rating in a report on Monday, October 15th. BidaskClub upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Royal Bank of Canada increased their target price on Wintrust Financial to $92.00 and gave the company an “outperform” rating in a report on Friday, October 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Wintrust Financial has an average rating of “Buy” and an average price target of $94.82.
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Wintrust Financial Profile
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
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