Great West Life Assurance Co. Can Makes New Investment in Wintrust Financial Co. (NASDAQ:WTFC)

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 25th. Shareholders of record on Thursday, November 10th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Wednesday, November 9th. Wintrust Financial’s dividend payout ratio (DPR) is 17.00%.

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

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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.