Great West Life Assurance Co. Can purchased a new position in Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) in the third quarter, HoldingsChannel reports. The firm purchased 41,695 shares of the bank’s stock, valued at approximately $3,400,000.
A number of other hedge funds have also modified their holdings of WTFC. HighTower Advisors LLC boosted its position in shares of Wintrust Financial by 3.9% in the first quarter. HighTower Advisors LLC now owns 11,802 shares of the bank’s stock worth $1,095,000 after purchasing an additional 438 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Wintrust Financial by 12.8% in the first quarter. PNC Financial Services Group Inc. now owns 3,475 shares of the bank’s stock worth $324,000 after buying an additional 394 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in shares of Wintrust Financial by 1.5% in the first quarter. Natixis Advisors L.P. now owns 16,809 shares of the bank’s stock worth $1,562,000 after buying an additional 255 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Wintrust Financial by 33.4% in the first quarter. MetLife Investment Management LLC now owns 36,861 shares of the bank’s stock worth $3,425,000 after buying an additional 9,235 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Wintrust Financial by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,892 shares of the bank’s stock worth $1,941,000 after buying an additional 1,992 shares in the last quarter. 89.47% of the stock is currently owned by institutional investors.
Wintrust Financial Trading Up 1.8 %
WTFC stock opened at $88.76 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.82. Wintrust Financial Co. has a twelve month low of $76.13 and a twelve month high of $105.56. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 0.48 and a beta of 1.19. The firm’s fifty day simple moving average is $85.97 and its two-hundred day simple moving average is $86.63.
Wintrust Financial Dividend Announcement
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on WTFC shares. Royal Bank of Canada boosted their target price 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. DA Davidson lowered their target price on shares of Wintrust Financial from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday. Raymond James lowered their target price on shares of Wintrust Financial from $118.00 to $110.00 and set a “strong-buy” rating on the stock in a report on Friday. Stephens upped their price target on shares of Wintrust Financial from $107.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, October 20th. Finally, StockNews.com downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 19th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $108.78.
Insider Buying and Selling at Wintrust Financial
In other Wintrust Financial news, CFO David L. Stoehr sold 2,215 shares of the business’s stock in a transaction on 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 owns 11,266 shares in the company, valued at $1,041,541.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.41% of the company’s stock.
Wintrust Financial Company Profile
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.
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