Fiera Capital Corp Cuts Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Fiera Capital Corp lowered its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 429,683 shares of the bank's stock after selling 13,601 shares during the period. Fiera Capital Corp owned 0.65% of Wintrust Financial worth $46,633,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in WTFC. Vanguard Group Inc. increased its holdings in Wintrust Financial by 3.9% in the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank's stock valued at $673,603,000 after purchasing an additional 244,168 shares during the last quarter. Capital International Investors increased its holdings in shares of Wintrust Financial by 4.6% during the 1st quarter. Capital International Investors now owns 1,638,085 shares of the bank's stock worth $171,000,000 after acquiring an additional 72,082 shares during the last quarter. Choreo LLC bought a new position in shares of Wintrust Financial in the second quarter valued at about $1,115,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Wintrust Financial by 7.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank's stock worth $22,063,000 after acquiring an additional 14,699 shares during the period. Finally, Raymond James & Associates grew its holdings in Wintrust Financial by 2.7% in the 2nd quarter. Raymond James & Associates now owns 207,944 shares of the bank's stock valued at $20,495,000 after buying an additional 5,563 shares in the last quarter. Institutional investors own 93.48% of the company's stock.

Wintrust Financial Stock Performance

Shares of NASDAQ:WTFC traded up $1.47 during trading on Friday, hitting $128.60. 382,753 shares of the company were exchanged, compared to its average volume of 387,050. The stock has a 50 day moving average of $110.18 and a 200 day moving average of $103.67. Wintrust Financial Co. has a 52-week low of $76.67 and a 52-week high of $131.66. The company has a market cap of $8.55 billion, a PE ratio of 13.31 and a beta of 1.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01.

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

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be given a $0.45 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.40%. Wintrust Financial's payout ratio is 18.85%.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now owns 42,311 shares in the company, valued at approximately $4,892,420.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total transaction of $473,967.37. Following the sale, the insider now owns 42,311 shares of the company's stock, valued at approximately $4,892,420.93. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the sale, the chief financial officer now directly owns 14,874 shares in the company, valued at approximately $1,687,604.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,198 shares of company stock valued at $2,445,314. Insiders own 1.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. DA Davidson increased their price target on Wintrust Financial from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Stephens reaffirmed an "overweight" rating and issued a $115.00 price objective on shares of Wintrust Financial in a research note on Thursday, July 18th. Piper Sandler increased their price target on Wintrust Financial from $131.00 to $136.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods lowered Wintrust Financial from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from $110.00 to $115.00 in a research report on Friday, July 19th. Finally, Truist Financial raised their price target on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.00.

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.