Allspring Global Investments Holdings LLC Has $24.18 Million Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Allspring Global Investments Holdings LLC cut its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 194,969 shares of the bank's stock after selling 8,316 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.29% of Wintrust Financial worth $24,178,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in Wintrust Financial in the third quarter worth $35,000. Brooklyn Investment Group acquired a new stake in Wintrust Financial during the 3rd quarter worth $61,000. Versant Capital Management Inc raised its stake in Wintrust Financial by 32.1% during the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank's stock worth $67,000 after buying an additional 131 shares during the period. Covestor Ltd lifted its holdings in Wintrust Financial by 77.9% during the third quarter. Covestor Ltd now owns 653 shares of the bank's stock worth $71,000 after acquiring an additional 286 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in Wintrust Financial by 32.2% in the fourth quarter. UMB Bank n.a. now owns 677 shares of the bank's stock valued at $84,000 after acquiring an additional 165 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO David A. Dykstra sold 4,213 shares of Wintrust Financial stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total transaction of $553,209.03. Following the transaction, the chief operating officer now owns 206,294 shares in the company, valued at approximately $27,088,465.14. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the business's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total transaction of $54,475.20. Following the completion of the sale, the executive vice president now directly owns 2,276 shares in the company, valued at approximately $298,042.20. This represents a 15.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,178 shares of company stock worth $1,336,315 in the last ninety days. Company insiders own 1.47% of the company's stock.

Wintrust Financial Price Performance

NASDAQ WTFC traded down $0.74 during midday trading on Wednesday, hitting $130.81. The company had a trading volume of 188,486 shares, compared to its average volume of 447,870. The company has a market capitalization of $8.70 billion, a PE ratio of 12.69 and a beta of 1.19. Wintrust Financial Co. has a twelve month low of $91.38 and a twelve month high of $142.04. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average price of $129.32 and a 200-day moving average price of $119.68.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period in the previous year, the business earned $1.87 EPS. As a group, analysts anticipate that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.53%. This is an increase from Wintrust Financial's previous quarterly dividend of $0.45. Wintrust Financial's dividend payout ratio is currently 19.40%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WTFC shares. Wedbush reiterated an "outperform" rating and set a $130.00 price objective on shares of Wintrust Financial in a report on Tuesday, October 22nd. StockNews.com lowered shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research note on Saturday. Barclays increased their price objective on shares of Wintrust Financial from $151.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Raymond James restated a "strong-buy" rating and set a $150.00 price objective (up from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. Finally, DA Davidson upped their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Wintrust Financial has an average rating of "Moderate Buy" and a consensus price target of $133.69.

Wintrust Financial Company Profile

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.