Barclays PLC Has $13.96 Million Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Barclays PLC raised its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 37.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,950 shares of the bank's stock after acquiring an additional 30,213 shares during the quarter. Barclays PLC owned approximately 0.17% of Wintrust Financial worth $13,962,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new position in Wintrust Financial in the fourth quarter worth about $43,000. Global Retirement Partners LLC grew its position in shares of Wintrust Financial by 63.5% in the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock worth $47,000 after acquiring an additional 146 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Wintrust Financial by 32.1% in the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank's stock valued at $67,000 after acquiring an additional 131 shares during the last quarter. UMB Bank n.a. raised its position in shares of Wintrust Financial by 32.2% during the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank's stock valued at $84,000 after acquiring an additional 165 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Wintrust Financial by 920.9% during the fourth quarter. Jones Financial Companies Lllp now owns 684 shares of the bank's stock worth $85,000 after purchasing an additional 617 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Trading Up 3.6 %

WTFC traded up $3.88 during trading on Thursday, reaching $111.56. The company had a trading volume of 344,409 shares, compared to its average volume of 417,067. The firm's 50-day simple moving average is $111.54 and its 200 day simple moving average is $121.54. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 10.82 and a beta of 0.94. Wintrust Financial Co. has a 12-month low of $89.10 and a 12-month high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, beating the consensus estimate of $2.52 by $0.17. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. The business had revenue of $643.11 million during the quarter, compared to the consensus estimate of $643.11 million. During the same quarter in the prior year, the firm earned $2.89 EPS. Equities research analysts anticipate that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.79%. Wintrust Financial's dividend payout ratio is 19.40%.

Insider Activity at Wintrust Financial

In related news, COO David A. Dykstra sold 4,213 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total value of $553,209.03. Following the completion of the sale, the chief operating officer now owns 206,294 shares of the company's stock, valued at approximately $27,088,465.14. The trade was a 2.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David L. Stoehr sold 2,363 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total transaction of $310,309.16. Following the transaction, the chief financial officer now directly owns 19,858 shares in the company, valued at approximately $2,607,752.56. The trade was a 10.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,178 shares of company stock valued at $1,336,315. Company insiders own 1.01% of the company's stock.

Wall Street Analyst Weigh In

WTFC has been the topic of a number of research reports. Barclays increased their target price on shares of Wintrust Financial from $138.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday. Stephens lowered their target price on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a report on Wednesday. Royal Bank of Canada reduced their price objective on Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a research report on Wednesday. DA Davidson cut their target price on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Piper Sandler decreased their target price on shares of Wintrust Financial from $145.00 to $141.00 and set an "overweight" rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Wintrust Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $133.31.

Wintrust Financial Company Profile

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.