Charles Schwab Investment Management Inc. Buys 213,559 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Charles Schwab Investment Management Inc. raised its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 36.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 802,841 shares of the bank's stock after buying an additional 213,559 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.21% of Wintrust Financial worth $87,132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of WTFC. Dimensional Fund Advisors LP increased its stake in Wintrust Financial by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank's stock valued at $297,376,000 after purchasing an additional 146,090 shares in the last quarter. Principal Financial Group Inc. raised its stake in Wintrust Financial by 11.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank's stock worth $141,981,000 after buying an additional 133,311 shares during the period. F M Investments LLC acquired a new position in Wintrust Financial in the second quarter valued at about $11,850,000. Jennison Associates LLC increased its holdings in shares of Wintrust Financial by 19.8% in the third quarter. Jennison Associates LLC now owns 536,252 shares of the bank's stock worth $58,199,000 after acquiring an additional 88,814 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in shares of Wintrust Financial by 15.5% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 630,824 shares of the bank's stock worth $62,174,000 after purchasing an additional 84,687 shares during the period. 93.48% of the stock is owned by institutional investors.

Insider Activity

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total value of $182,330.22. Following the transaction, the chief financial officer now directly owns 14,874 shares of the company's stock, valued at $1,687,604.04. This represents a 9.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total value of $473,967.37. Following the sale, the insider now directly owns 42,311 shares of the company's stock, valued at $4,892,420.93. This represents a 8.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,198 shares of company stock valued at $2,445,314 over the last ninety days. 1.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WTFC shares. Wedbush reiterated an "outperform" rating and issued a $130.00 price objective on shares of Wintrust Financial in a research report on Tuesday, October 22nd. DA Davidson increased their price objective on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Raymond James raised their price objective on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a "strong-buy" rating in a report on Wednesday, October 23rd. Piper Sandler increased their target price on Wintrust Financial from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Finally, Citigroup lifted their price target on Wintrust Financial from $126.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $123.00.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $138.50 on Thursday. The firm has a market capitalization of $9.21 billion, a P/E ratio of 14.50 and a beta of 1.15. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. The firm's fifty day moving average price is $117.33 and its two-hundred day moving average price is $106.79. Wintrust Financial Co. has a 1 year low of $82.90 and a 1 year high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.03). The firm had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The company's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $2.53 earnings per share. As a group, research analysts anticipate that Wintrust Financial Co. will post 10.12 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial's dividend payout ratio (DPR) is presently 18.85%.

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.