Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Axa S.A.

Posted by Defense World Staff on Feb 27th, 2023

Axa S.A. decreased its position in shares of Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) by 70.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,875 shares of the bank’s stock after selling 57,900 shares during the quarter. Axa S.A.’s holdings in Wintrust Financial were worth $1,947,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Wintrust Financial by 713.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 108,947 shares of the bank’s stock valued at $8,885,000 after buying an additional 95,547 shares in the last quarter. Prudential PLC purchased a new position in shares of Wintrust Financial during the 3rd quarter valued at approximately $543,000. Maven Securities LTD lifted its position in shares of Wintrust Financial by 171.4% during the 3rd quarter. Maven Securities LTD now owns 11,400 shares of the bank’s stock valued at $930,000 after buying an additional 7,200 shares in the last quarter. Interval Partners LP purchased a new position in shares of Wintrust Financial during the 3rd quarter valued at approximately $5,891,000. Finally, North Reef Capital Management LP lifted its position in shares of Wintrust Financial by 61.0% during the 3rd quarter. North Reef Capital Management LP now owns 303,804 shares of the bank’s stock valued at $24,775,000 after buying an additional 115,104 shares in the last quarter. Institutional investors and hedge funds own 89.47% of the company’s stock.

Wintrust Financial Stock Up 1.4 %

NASDAQ WTFC opened at $92.85 on Monday. Wintrust Financial Co. has a 52 week low of $76.13 and a 52 week high of $99.86. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.82. The business’s fifty day simple moving average is $88.34 and its 200-day simple moving average is $88.00. The firm has a market cap of $5.64 billion, a PE ratio of 11.61, a P/E/G ratio of 0.50 and a beta of 1.20.

Wintrust Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 23rd. Stockholders of record on Thursday, February 9th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Wednesday, February 8th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.34. Wintrust Financial’s payout ratio is currently 20.00%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. DA Davidson decreased their target price on Wintrust Financial from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, January 20th. StockNews.com lowered Wintrust Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 19th. UBS Group raised their price objective on Wintrust Financial to $100.00 in a report on Wednesday, November 16th. Hovde Group upgraded Wintrust Financial from a “market perform” rating to an “outperform” rating and set a $108.00 price objective on the stock in a report on Wednesday, February 1st. Finally, Truist Financial decreased their price objective on Wintrust Financial from $112.00 to $102.00 in a report on Friday, December 9th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus price target of $108.70.

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.