Great West Life Assurance Co. Can Invests $3.40 Million in Wintrust Financial Co. (NASDAQ:WTFC)

Great West Life Assurance Co. Can bought a new position in Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) during the 3rd quarter, Holdings Channel.com reports. The fund bought 41,695 shares of the bank’s stock, valued at approximately $3,400,000.

Other hedge funds also recently bought and sold shares of the company. Pinebridge Investments L.P. raised its stake in Wintrust Financial by 307.0% during the second quarter. Pinebridge Investments L.P. now owns 407 shares of the bank’s stock valued at $33,000 after purchasing an additional 307 shares in the last quarter. Private Trust Co. NA raised its stake in Wintrust Financial by 48.9% during the third quarter. Private Trust Co. NA now owns 411 shares of the bank’s stock valued at $34,000 after purchasing an additional 135 shares in the last quarter. CoreCap Advisors LLC purchased a new stake in Wintrust Financial during the second quarter valued at $76,000. Trust Co. of Vermont purchased a new stake in Wintrust Financial during the second quarter valued at $80,000. Finally, Wipfli Financial Advisors LLC purchased a new stake in Wintrust Financial during the third quarter valued at $84,000. Hedge funds and other institutional investors own 89.47% of the company’s stock.

Wintrust Financial Trading Up 1.8 %

NASDAQ WTFC opened at $88.76 on Tuesday. The company’s 50-day moving average price is $85.97 and its 200-day moving average price is $86.63. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.82. The stock has a market cap of $5.39 billion, a PE ratio of 11.10, a PEG ratio of 0.48 and a beta of 1.19. Wintrust Financial Co. has a 12 month low of $76.13 and a 12 month high of $105.56.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 25th. Stockholders of record on Thursday, November 10th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Wednesday, November 9th. Wintrust Financial’s payout ratio is presently 17.00%.

Insiders Place Their Bets

In other Wintrust Financial news, CFO David L. Stoehr sold 2,215 shares of the 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 transaction, the chief financial officer now directly owns 11,266 shares in the company, valued at approximately $1,041,541.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.41% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. DA Davidson decreased their price target on shares of Wintrust Financial from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday. Piper Sandler boosted their price objective on shares of Wintrust Financial from $107.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 20th. Wedbush boosted their price objective on shares of Wintrust Financial from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, October 19th. Stephens boosted their price objective on shares of Wintrust Financial from $107.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, October 20th. Finally, Raymond James cut their price objective on shares of Wintrust Financial from $118.00 to $110.00 and set a “strong-buy” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.78.

Wintrust Financial Company Profile

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Wintrust Financial Corp. is a bank holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal, and commercial banking services to customers located in its market area.