Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Boston Partners

Boston Partners lessened its holdings in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 13.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 527,068 shares of the bank's stock after selling 81,412 shares during the quarter. Boston Partners owned approximately 0.79% of Wintrust Financial worth $66,452,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WTFC. FMR LLC boosted its holdings in shares of Wintrust Financial by 14.1% in the 3rd quarter. FMR LLC now owns 5,153,999 shares of the bank's stock valued at $559,364,000 after buying an additional 637,072 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Wintrust Financial in the fourth quarter valued at $40,562,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Wintrust Financial by 36.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank's stock worth $87,132,000 after purchasing an additional 213,559 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Wintrust Financial by 11.3% during the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank's stock worth $141,981,000 after purchasing an additional 133,311 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Wintrust Financial by 5.1% in the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank's stock valued at $285,169,000 after purchasing an additional 126,724 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Buying and Selling

In other Wintrust Financial news, COO David A. Dykstra sold 4,213 shares of Wintrust Financial stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total transaction of $553,209.03. Following the completion of the transaction, the chief operating officer now owns 206,294 shares in the company, valued at approximately $27,088,465.14. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard B. Murphy sold 3,186 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total transaction of $418,321.80. Following the completion of the sale, the insider now owns 48,814 shares in the company, valued at $6,409,278.20. This represents a 6.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,178 shares of company stock worth $1,336,315 in the last quarter. Company insiders own 1.47% of the company's stock.

Wintrust Financial Price Performance

Shares of Wintrust Financial stock traded up $2.83 during trading on Monday, reaching $116.28. The company's stock had a trading volume of 398,191 shares, compared to its average volume of 389,338. The business has a 50 day moving average price of $124.72 and a 200-day moving average price of $122.04. The company has a market capitalization of $7.76 billion, a P/E ratio of 11.28 and a beta of 1.16. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 12-month low of $91.38 and a 12-month high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the previous year, the firm posted $1.87 EPS. As a group, sell-side analysts anticipate that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a dividend of $0.50 per share. This is a positive change from Wintrust Financial's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.72%. Wintrust Financial's payout ratio is 19.40%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Raymond James reaffirmed a "strong-buy" rating and set a $150.00 price target (up previously from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. Truist Financial raised shares of Wintrust Financial to a "strong-buy" rating in a report on Monday, January 6th. StockNews.com cut shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research note on Saturday, February 15th. Barclays lifted their price objective on shares of Wintrust Financial from $151.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, UBS Group began coverage on shares of Wintrust Financial in a research note on Tuesday, December 17th. They set a "buy" rating and a $157.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $133.69.

Wintrust Financial 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.