Nuveen Asset Management LLC lessened its stake in Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525,467 shares of the bank’s stock after selling 6,264 shares during the period. Nuveen Asset Management LLC owned 0.86% of Wintrust Financial worth $42,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Pinebridge Investments L.P. boosted its stake in shares of Wintrust Financial by 307.0% during the second quarter. Pinebridge Investments L.P. now owns 407 shares of the bank’s stock worth $33,000 after buying an additional 307 shares during the period. Private Trust Co. NA boosted its stake in shares of Wintrust Financial by 48.9% during the third quarter. Private Trust Co. NA now owns 411 shares of the bank’s stock worth $34,000 after buying an additional 135 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Wintrust Financial by 37.3% during the third quarter. Parkside Financial Bank & Trust now owns 464 shares of the bank’s stock worth $38,000 after buying an additional 126 shares during the period. CoreCap Advisors LLC acquired a new stake in shares of Wintrust Financial during the second quarter worth about $76,000. Finally, Quadrant Capital Group LLC boosted its stake in shares of Wintrust Financial by 44.6% during the third quarter. Quadrant Capital Group LLC now owns 1,008 shares of the bank’s stock worth $82,000 after buying an additional 311 shares during the period. Institutional investors and hedge funds own 89.47% of the company’s stock.
Wintrust Financial Trading Up 1.4 %
Shares of Wintrust Financial stock opened at $92.85 on Monday. Wintrust Financial Co. has a 12-month low of $76.13 and a 12-month high of $99.86. 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 $5.64 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 0.50 and a beta of 1.20. The company has a 50-day moving average of $88.34 and a two-hundred day moving average of $88.00.
Wintrust Financial Increases Dividend
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of Wintrust Financial to $100.00 in a research note on Wednesday, November 16th. StockNews.com downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Saturday, November 19th. Truist Financial reduced their price objective on shares of Wintrust Financial from $112.00 to $102.00 in a research report on Friday, December 9th. Raymond James reduced their price objective on shares of Wintrust Financial from $118.00 to $110.00 and set a “strong-buy” rating for the company in a research report on Friday, January 20th. Finally, DA Davidson reduced their price objective on shares of Wintrust Financial from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, January 20th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wintrust Financial presently has an average rating of “Moderate Buy” and a consensus price target of $108.70.
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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