Massachusetts Financial Services Co. MA Has $43.67 Million Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Massachusetts Financial Services Co. MA decreased its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 443,076 shares of the bank’s stock after selling 5,116 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.72% of Wintrust Financial worth $43,670,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WTFC. Vanguard Group Inc. raised its holdings in Wintrust Financial by 3.9% during the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock valued at $673,603,000 after buying an additional 244,168 shares in the last quarter. Capital International Investors raised its stake in shares of Wintrust Financial by 4.6% in the 1st quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock valued at $171,000,000 after acquiring an additional 72,082 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Wintrust Financial by 54.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,330,263 shares of the bank’s stock worth $138,866,000 after purchasing an additional 469,640 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Wintrust Financial by 1.8% in the 2nd quarter. Federated Hermes Inc. now owns 815,466 shares of the bank’s stock worth $80,372,000 after purchasing an additional 14,087 shares during the last quarter. Finally, Reinhart Partners LLC. boosted its position in Wintrust Financial by 0.4% during the second quarter. Reinhart Partners LLC. now owns 734,151 shares of the bank’s stock worth $72,358,000 after purchasing an additional 2,806 shares during the period. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Price Performance

NASDAQ:WTFC opened at $110.20 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50-day moving average of $104.62 and a 200-day moving average of $100.45. Wintrust Financial Co. has a 52 week low of $71.86 and a 52 week high of $113.68. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 11.40 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.10). The business had revenue of $591.76 million for the quarter, compared to the consensus estimate of $587.33 million. Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.38 EPS. As a group, equities research analysts anticipate that Wintrust Financial Co. will post 10.11 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, August 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.63%. Wintrust Financial’s payout ratio is presently 18.61%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WTFC shares. Royal Bank of Canada boosted their price objective on shares of Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 9th. Jefferies Financial Group decreased their price target on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Wedbush lifted their price objective on Wintrust Financial from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. DA Davidson increased their target price on Wintrust Financial from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Hovde Group reaffirmed a “market perform” rating and issued a $100.00 price target on shares of Wintrust Financial in a research report on Friday, June 21st. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.85.

About Wintrust Financial

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.