State of New Jersey Common Pension Fund D Sells 2,133 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

State of New Jersey Common Pension Fund D lessened its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,129 shares of the bank’s stock after selling 2,133 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Wintrust Financial were worth $2,794,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in Wintrust Financial by 2,131.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 73,913 shares of the bank’s stock worth $6,855,000 after acquiring an additional 70,601 shares during the period. UBS Group AG increased its holdings in Wintrust Financial by 61.3% during the 3rd quarter. UBS Group AG now owns 32,210 shares of the bank’s stock worth $2,432,000 after acquiring an additional 12,243 shares during the period. abrdn plc increased its holdings in shares of Wintrust Financial by 24.6% in the 3rd quarter. abrdn plc now owns 344,631 shares of the bank’s stock worth $26,020,000 after buying an additional 68,042 shares during the last quarter. Boston Partners increased its holdings in shares of Wintrust Financial by 13.4% in the 3rd quarter. Boston Partners now owns 644,050 shares of the bank’s stock worth $48,549,000 after buying an additional 75,994 shares during the last quarter. Finally, Oliver Luxxe Assets LLC bought a new position in shares of Wintrust Financial in the 3rd quarter worth $476,000. Institutional investors own 93.48% of the company’s stock.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the sale, the insider now owns 177,124 shares of the company’s stock, valued at approximately $17,599,040.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the completion of the sale, the executive vice president now directly owns 3,410 shares of the company’s stock, valued at approximately $333,770.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Edward J. Wehmer sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the sale, the insider now directly owns 177,124 shares of the company’s stock, valued at $17,599,040.64. The disclosure for this sale can be found here. Insiders sold 10,309 shares of company stock valued at $1,023,730 in the last quarter. Company insiders own 1.47% of the company’s stock.

Wintrust Financial Trading Down 0.8 %

Shares of WTFC opened at $98.23 on Tuesday. The stock has a market capitalization of $6.06 billion, a P/E ratio of 10.16 and a beta of 1.21. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.78. The firm has a fifty day simple moving average of $98.59 and a two-hundred day simple moving average of $92.01. Wintrust Financial Co. has a twelve month low of $58.12 and a twelve month high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.47. The business had revenue of $604.77 million during the quarter, compared to analysts’ expectations of $577.80 million. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.80 EPS. On average, research analysts anticipate that Wintrust Financial Co. will post 10.17 EPS for the current year.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, May 8th. This represents a $1.80 annualized dividend and a yield of 1.83%. Wintrust Financial’s payout ratio is currently 18.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WTFC shares. Stephens reissued an “overweight” rating and issued a $110.00 price target on shares of Wintrust Financial in a report on Tuesday, April 16th. Citigroup decreased their price target on shares of Wintrust Financial from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Raymond James increased their price target on shares of Wintrust Financial from $95.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Friday, January 19th. UBS Group increased their price target on shares of Wintrust Financial from $105.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada increased their price target on shares of Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wintrust Financial currently has a consensus rating of “Buy” and a consensus target price of $112.33.

About Wintrust Financial

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.