Fri Nov 01 15:59:47 UTC 2024: ## Allspring Global Investments Boosts Stake in Wintrust Financial

**Chicago, IL -** Allspring Global Investments Holdings LLC increased its position in Wintrust Financial Co. (NASDAQ:WTFC) by 7.8% during the third quarter, according to the company’s latest Form 13F filing with the Securities & Exchange Commission. The investment firm now owns 203,285 shares of the bank’s stock, representing approximately 0.33% of Wintrust Financial’s total value.

This move comes amidst a trend of increased investor interest in the bank. Several other hedge funds have also adjusted their positions in Wintrust Financial in recent quarters, including PNC Financial Services Group Inc., Park Avenue Securities LLC, Wealth Enhancement Advisory Services LLC, Oliver Luxxe Assets LLC, and State of Michigan Retirement System.

While Wintrust Financial’s stock price dipped by $1.15 on Friday, closing at $113.02, the company’s performance has been strong overall. The bank reported earnings per share of $2.47 for the third quarter, though this missed analysts’ estimates by $0.03. Nonetheless, Wintrust Financial’s revenue grew by 7.1% compared to the same period last year.

Analysts remain optimistic about the bank’s future prospects. Truist Financial, Keefe, Bruyette & Woods, Raymond James, Citigroup, and Piper Sandler have all recently adjusted their target prices and ratings on Wintrust Financial, with most analysts expressing a “buy” or “strong-buy” rating.

Wintrust Financial Corporation operates as a financial holding company, offering banking services, specialty finance products, and wealth management solutions. The company currently has a market capitalization of $7.52 billion.

**Investors are encouraged to conduct their own due diligence before making any investment decisions.**

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