Schwab Charles Investment Management Inc. Grows Stake in Wintrust Financial Corp (WTFC)

Schwab Charles Investment Management Inc. grew its holdings in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 305,776 shares of the bank’s stock after purchasing an additional 15,422 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.55% of Wintrust Financial worth $23,946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WTFC. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial during the 2nd quarter valued at approximately $121,000. Meeder Asset Management Inc. bought a new position in shares of Wintrust Financial during the 3rd quarter valued at approximately $183,000. Csenge Advisory Group bought a new position in shares of Wintrust Financial during the 3rd quarter valued at approximately $212,000. Adviser Investments LLC bought a new position in shares of Wintrust Financial during the 3rd quarter valued at approximately $214,000. Finally, Riverpoint Wealth Management Holdings LLC bought a new position in shares of Wintrust Financial during the 2nd quarter valued at approximately $249,000. 91.71% of the stock is owned by hedge funds and other institutional investors.

In other Wintrust Financial news, Director Ingrid S. Stafford sold 1,405 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $80.63, for a total value of $113,285.15. Following the completion of the transaction, the director now directly owns 20,746 shares in the company, valued at approximately $1,672,749.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward J. Wehmer sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $79.91, for a total value of $719,190.00. Following the completion of the transaction, the chief executive officer now owns 121,873 shares of the company’s stock, valued at $9,738,871.43. The disclosure for this sale can be found here. Insiders 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 corporate insiders.

Wintrust Financial Corp (NASDAQ WTFC) opened at $80.16 on Friday. Wintrust Financial Corp has a 52 week low of $64.14 and a 52 week high of $86.80. 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 firm has a market capitalization of $4,542.09, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 1.37 and a beta of 0.83.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Thursday, November 9th were paid a $0.14 dividend. The ex-dividend date was Wednesday, November 8th. This represents a $0.56 annualized dividend and a yield of 0.70%. Wintrust Financial’s payout ratio is 13.43%.

A number of research analysts recently issued reports on WTFC shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $82.00 price objective on shares of Wintrust Financial in a research note on Tuesday, August 22nd. Zacks Investment Research downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Piper Jaffray Companies reiterated a “hold” rating and set a $74.00 price objective on shares of Wintrust Financial in a research note on Friday, September 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $84.00 price objective on shares of Wintrust Financial in a research note on Friday, September 8th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $83.50.

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Wintrust Financial Company 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.

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

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