Virginia Retirement Systems ET AL Sells 1,600 Shares of Wintrust Financial Corporation (WTFC)

Virginia Retirement Systems ET AL lowered its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 4.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,300 shares of the bank’s stock after selling 1,600 shares during the period. Virginia Retirement Systems ET AL owned 0.07% of Wintrust Financial worth $2,843,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Aperio Group LLC raised its position in Wintrust Financial by 11.4% during the 2nd quarter. Aperio Group LLC now owns 8,147 shares of the bank’s stock worth $623,000 after buying an additional 836 shares during the last quarter. ING Groep NV purchased a new position in Wintrust Financial during the 2nd quarter worth $518,000. Strs Ohio raised its position in Wintrust Financial by 24.3% during the 2nd quarter. Strs Ohio now owns 8,700 shares of the bank’s stock worth $665,000 after buying an additional 1,700 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in Wintrust Financial by 82.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 21,480 shares of the bank’s stock worth $1,642,000 after buying an additional 9,680 shares during the last quarter. Finally, World Asset Management Inc raised its position in Wintrust Financial by 9.6% during the 2nd quarter. World Asset Management Inc now owns 3,538 shares of the bank’s stock worth $270,000 after buying an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

In other Wintrust Financial news, CEO Edward J. Wehmer sold 9,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $79.91, for a total transaction of $719,190.00. Following the completion of the transaction, the chief executive officer now directly owns 121,873 shares in the company, valued at approximately $9,738,871.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leona A. Gleason sold 8,441 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $80.78, for a total transaction of $681,863.98. The disclosure for this sale can be found here. Insiders have sold a total of 44,500 shares of company stock valued at $3,563,512 over the last 90 days. 2.00% of the stock is currently owned by insiders.

A number of brokerages have commented on WTFC. ValuEngine upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Jefferies Group restated a “hold” rating and set a $80.00 price objective on shares of Wintrust Financial in a research report on Friday, August 11th. SunTrust Banks restated a “hold” rating and set a $88.00 price objective on shares of Wintrust Financial in a research report on Wednesday. Royal Bank Of Canada restated a “buy” rating and set a $84.00 price objective on shares of Wintrust Financial in a research report on Friday, September 8th. Finally, Zacks Investment Research downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $82.50.

Wintrust Financial Corporation (WTFC) opened at $83.57 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.40. The stock has a market cap of $4,689.16, a PE ratio of 20.11, a PEG ratio of 1.42 and a beta of 0.83. Wintrust Financial Corporation has a twelve month low of $64.14 and a twelve month high of $86.40.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. The firm had revenue of $295.70 million during the quarter, compared to the consensus estimate of $298.96 million. During the same period last year, the firm posted $0.92 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. analysts forecast that Wintrust Financial Corporation will post 4.38 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Thursday, November 9th were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, November 8th. This represents a $0.56 annualized dividend and a yield of 0.67%. Wintrust Financial’s dividend payout ratio (DPR) is currently 13.43%.

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Wintrust Financial Profile

Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.

Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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