Allspring Global Investments Holdings LLC Sells 2,347 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Allspring Global Investments Holdings LLC trimmed its position in Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) by 13.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 15,314 shares of the bank’s stock after selling 2,347 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Wintrust Financial were worth $1,248,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Wintrust Financial by 12.6% during the 2nd quarter. FMR LLC now owns 3,463,337 shares of the bank’s stock valued at $277,586,000 after buying an additional 388,206 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Wintrust Financial by 136.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 664,210 shares of the bank’s stock worth $53,237,000 after purchasing an additional 382,944 shares in the last quarter. Eaton Vance Management lifted its stake in Wintrust Financial by 160.5% in the 1st quarter. Eaton Vance Management now owns 542,398 shares of the bank’s stock worth $50,406,000 after purchasing an additional 334,184 shares in the last quarter. State Street Corp lifted its stake in Wintrust Financial by 8.7% in the 1st quarter. State Street Corp now owns 2,726,337 shares of the bank’s stock worth $253,358,000 after purchasing an additional 217,232 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Wintrust Financial by 37.5% in the 2nd quarter. Millennium Management LLC now owns 669,179 shares of the bank’s stock worth $53,635,000 after purchasing an additional 182,399 shares in the last quarter. 89.47% of the stock is owned by institutional investors.

Insider Transactions at Wintrust Financial

In related news, CFO David L. Stoehr sold 2,215 shares of Wintrust Financial stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $92.45, for a total transaction of $204,776.75. Following the completion of the transaction, the chief financial officer now directly owns 11,266 shares of the company’s stock, valued at approximately $1,041,541.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on WTFC. Truist Financial lowered their target price on shares of Wintrust Financial from $112.00 to $102.00 in a research note on Friday, December 9th. Wedbush increased their price target on shares of Wintrust Financial from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, October 19th. StockNews.com lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 19th. UBS Group increased their price target on shares of Wintrust Financial to $100.00 in a report on Wednesday, November 16th. Finally, Royal Bank of Canada increased their price target on shares of Wintrust Financial from $109.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, October 20th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.78.

Wintrust Financial Trading Up 2.9 %

NASDAQ:WTFC opened at $87.23 on Friday. The company has a 50-day moving average price of $86.00 and a 200-day moving average price of $86.53. Wintrust Financial Co. has a 12 month low of $76.13 and a 12 month high of $105.56. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.82. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 0.48 and a beta of 1.19.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 25th. Stockholders of record on Thursday, November 10th were given a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $1.36 annualized dividend and a dividend yield of 1.56%. Wintrust Financial’s dividend payout ratio is 18.50%.

Wintrust Financial Company Profile

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Wintrust Financial Corporation operates as a financial holding company. 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), online and mobile banking, and other services.