Municipal Employees Retirement System of Michigan reduced its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 21.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,880 shares of the bank’s stock after selling 4,600 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Wintrust Financial Corporation were worth $1,322,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Wintrust Financial Corporation by 6.3% in the second quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock worth $496,316,000 after acquiring an additional 382,791 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Wintrust Financial Corporation by 7.7% in the second quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock worth $350,607,000 after acquiring an additional 327,529 shares during the last quarter. State Street Corp raised its stake in shares of Wintrust Financial Corporation by 5.9% in the second quarter. State Street Corp now owns 3,031,640 shares of the bank’s stock worth $231,743,000 after acquiring an additional 168,386 shares during the last quarter. Northern Trust Corp raised its stake in shares of Wintrust Financial Corporation by 33.2% in the second quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock worth $107,265,000 after acquiring an additional 349,965 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Wintrust Financial Corporation by 3.1% in the third quarter. Jennison Associates LLC now owns 1,213,582 shares of the bank’s stock worth $95,036,000 after acquiring an additional 36,660 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

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Shares of Wintrust Financial Corporation (NASDAQ:WTFC) opened at $78.47 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.01. The firm has a market cap of $4,388.30, a P/E ratio of 18.82, a P/E/G ratio of 1.33 and a beta of 0.83. Wintrust Financial Corporation has a 12 month low of $61.46 and a 12 month high of $82.16.

Wintrust Financial Corporation (NASDAQ:WTFC) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. The business had revenue of $295.70 million during the quarter, compared to the consensus estimate of $298.96 million. Wintrust Financial Corporation had a net margin of 19.74% and a return on equity of 9.32%. Wintrust Financial Corporation’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share. analysts predict that Wintrust Financial Corporation will post 4.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, November 9th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Wednesday, November 8th. Wintrust Financial Corporation’s dividend payout ratio (DPR) is 13.43%.

In related news, EVP David A. Dykstra sold 22,476 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $79.86, for a total transaction of $1,794,933.36. Following the completion of the transaction, the executive vice president now owns 188,604 shares in the company, valued at $15,061,915.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas P. Zidar sold 3,178 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $80.00, for a total transaction of $254,240.00. Following the transaction, the insider now owns 31,239 shares of the company’s stock, valued at approximately $2,499,120. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,500 shares of company stock valued at $3,563,512. 1.97% of the stock is currently owned by insiders.

A number of brokerages have weighed in on WTFC. Jefferies Group LLC reaffirmed a “hold” rating and issued a $80.00 target price on shares of Wintrust Financial Corporation in a research note on Friday, August 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $84.00 target price on shares of Wintrust Financial Corporation in a research note on Friday, October 20th. Zacks Investment Research downgraded shares of Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $74.00 target price on shares of Wintrust Financial Corporation in a research note on Friday, September 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $82.00 target price on shares of Wintrust Financial Corporation in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $81.38.

About Wintrust Financial Corporation

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.

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

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