Wintrust Financial Co. (WTFC) Holdings Increased by Nuveen Asset Management LLC
Nuveen Asset Management LLC raised its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 11.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 563,548 shares of the bank’s stock after purchasing an additional 56,975 shares during the quarter. Nuveen Asset Management LLC’s holdings in Wintrust Financial were worth $48,493,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its holdings in shares of Wintrust Financial by 4.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 320,163 shares of the bank’s stock valued at $26,372,000 after acquiring an additional 14,387 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Wintrust Financial by 66.4% in the fourth quarter. SG Americas Securities LLC now owns 9,599 shares of the bank’s stock worth $791,000 after purchasing an additional 3,832 shares in the last quarter. Dupont Capital Management Corp bought a new stake in Wintrust Financial in the fourth quarter worth $868,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Wintrust Financial by 23.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,678 shares of the bank’s stock worth $385,000 after purchasing an additional 897 shares in the last quarter. Finally, Aperio Group LLC boosted its holdings in Wintrust Financial by 8.0% in the fourth quarter. Aperio Group LLC now owns 10,383 shares of the bank’s stock worth $855,000 after purchasing an additional 770 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.
In other news, EVP Richard B. Murphy sold 1,795 shares of the company’s stock in a transaction dated Friday, April 20th. The shares were sold at an average price of $90.99, for a total transaction of $163,327.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary D. Sweeney purchased 330 shares of the company’s stock in a transaction that occurred on Thursday, April 19th. The stock was acquired at an average cost of $90.59 per share, with a total value of $29,894.70. Following the transaction, the director now directly owns 3,345 shares of the company’s stock, valued at $303,023.55. The disclosure for this purchase can be found here. 1.57% of the stock is currently owned by corporate insiders.
Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, April 16th. The bank reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.12. The business had revenue of $310.76 million during the quarter, compared to analyst estimates of $302.62 million. Wintrust Financial had a net margin of 21.18% and a return on equity of 10.00%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share. equities analysts anticipate that Wintrust Financial Co. will post 5.87 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 24th. Stockholders of record on Thursday, May 10th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Wednesday, May 9th. Wintrust Financial’s dividend payout ratio is currently 17.27%.
WTFC has been the subject of a number of recent research reports. Hovde Group reiterated a “market perform” rating and issued a $90.00 price objective (up from $85.00) on shares of Wintrust Financial in a report on Thursday, February 8th. FIG Partners upgraded shares of Wintrust Financial from a “market perform” rating to an “outperform” rating in a report on Friday, February 9th. Zacks Investment Research cut shares of Wintrust Financial from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $100.00 price objective on shares of Wintrust Financial in a report on Tuesday, February 27th. Finally, ValuEngine upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $92.70.
About Wintrust Financial
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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