Sun Life Financial INC acquired a new position in Wintrust Financial Corp (NASDAQ:WTFC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,263 shares of the bank’s stock, valued at approximately $545,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Wintrust Financial by 4.2% during the first quarter. BlackRock Inc. now owns 7,138,457 shares of the bank’s stock valued at $614,263,000 after purchasing an additional 287,860 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Wintrust Financial by 1.8% during the first quarter. JPMorgan Chase & Co. now owns 1,907,213 shares of the bank’s stock valued at $164,116,000 after purchasing an additional 34,001 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Wintrust Financial by 7.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,881,784 shares of the bank’s stock valued at $163,808,000 after purchasing an additional 123,447 shares during the last quarter. Hermes Investment Management Ltd. lifted its holdings in shares of Wintrust Financial by 1.4% during the second quarter. Hermes Investment Management Ltd. now owns 966,370 shares of the bank’s stock valued at $84,123,000 after purchasing an additional 13,117 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Wintrust Financial by 11.2% during the first quarter. Nuveen Asset Management LLC now owns 563,548 shares of the bank’s stock valued at $48,493,000 after purchasing an additional 56,975 shares during the last quarter. Institutional investors and hedge funds own 88.69% of the company’s stock.

NASDAQ WTFC traded up $0.85 during mid-day trading on Friday, reaching $88.57. The stock had a trading volume of 661,720 shares, compared to its average volume of 242,944. Wintrust Financial Corp has a 1 year low of $69.93 and a 1 year high of $99.96. The firm has a market cap of $4.97 billion, a P/E ratio of 16.90, a PEG ratio of 1.09 and a beta of 0.79. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.44.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, July 17th. The bank reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.09. Wintrust Financial had a net margin of 22.07% and a return on equity of 10.62%. The company had revenue of $333.40 million during the quarter, compared to analyst estimates of $327.03 million. During the same period in the previous year, the business earned $1.11 EPS. equities analysts expect that Wintrust Financial Corp will post 6.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 23rd. Investors of record on Thursday, August 9th were issued a $0.19 dividend. The ex-dividend date was Wednesday, August 8th. This represents a $0.76 dividend on an annualized basis and a yield of 0.86%. Wintrust Financial’s payout ratio is currently 17.27%.

In other Wintrust Financial news, insider Timothy Crane sold 954 shares of Wintrust Financial stock in a transaction that occurred on Friday, July 20th. The shares were sold at an average price of $90.96, for a total value of $86,775.84. Following the completion of the sale, the insider now owns 17,272 shares of the company’s stock, valued at approximately $1,571,061.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Edward J. Wehmer sold 12,301 shares of Wintrust Financial stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $91.12, for a total transaction of $1,120,867.12. Following the completion of the sale, the insider now directly owns 133,308 shares of the company’s stock, valued at approximately $12,147,024.96. The disclosure for this sale can be found here. 1.57% of the stock is owned by insiders.

WTFC has been the subject of several recent research reports. ValuEngine lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a report on Monday, June 11th. Wedbush lifted their target price on shares of Wintrust Financial from $100.00 to $101.00 and gave the company a “$90.84” rating in a report on Wednesday, July 18th. BidaskClub lowered shares of Wintrust Financial from a “sell” rating to a “strong sell” rating in a report on Friday, August 31st. Zacks Investment Research lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a report on Saturday, July 7th. Finally, Hovde Group set a $98.00 target price on shares of Wintrust Financial and gave the company a “hold” rating in a report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $94.56.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.

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

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