Wintrust Financial Co. (NASDAQ:WTFC) Stake Boosted by FIL Ltd

FIL Ltd raised its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 322,461 shares of the bank's stock after purchasing an additional 10,414 shares during the period. FIL Ltd owned 0.48% of Wintrust Financial worth $40,214,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Invesco Ltd. increased its holdings in Wintrust Financial by 2.8% in the fourth quarter. Invesco Ltd. now owns 1,098,706 shares of the bank's stock valued at $137,020,000 after buying an additional 29,967 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Wintrust Financial by 3.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,599 shares of the bank's stock worth $449,000 after acquiring an additional 134 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Wintrust Financial by 12.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 244,229 shares of the bank's stock valued at $30,458,000 after acquiring an additional 27,202 shares during the last quarter. World Investment Advisors increased its holdings in shares of Wintrust Financial by 32.6% in the 4th quarter. World Investment Advisors now owns 3,287 shares of the bank's stock valued at $410,000 after acquiring an additional 808 shares during the last quarter. Finally, Cinctive Capital Management LP acquired a new stake in shares of Wintrust Financial during the 4th quarter valued at approximately $3,335,000. Institutional investors and hedge funds own 93.48% of the company's stock.

Analyst Upgrades and Downgrades

WTFC has been the subject of several recent research reports. UBS Group assumed 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. StockNews.com lowered shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research note on Saturday, February 15th. Royal Bank of Canada restated an "outperform" rating and issued a $152.00 target price on shares of Wintrust Financial in a research note on Thursday, January 23rd. Truist Financial upgraded Wintrust Financial to a "strong-buy" rating in a research report on Monday, January 6th. Finally, Piper Sandler boosted their price objective on Wintrust Financial from $151.00 to $156.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Wintrust Financial presently has an average rating of "Moderate Buy" and a consensus price target of $132.38.

Insider Activity at Wintrust Financial

In other news, EVP Jeffrey D. Hahnfeld sold 416 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total transaction of $54,475.20. Following the sale, the executive vice president now owns 2,276 shares in the company, valued at $298,042.20. The trade was a 15.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO David A. Dykstra sold 4,213 shares of the firm'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 transaction of $553,209.03. Following the completion of the transaction, the chief operating officer now directly owns 206,294 shares of the company's stock, valued at $27,088,465.14. This represents a 2.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,178 shares of company stock valued at $1,336,315 over the last ninety days. Insiders own 1.47% of the company's stock.

Wintrust Financial Price Performance

NASDAQ:WTFC traded down $1.11 during midday trading on Wednesday, hitting $101.86. 109,082 shares of the stock were exchanged, compared to its average volume of 414,293. The business has a 50-day moving average price of $114.71 and a two-hundred day moving average price of $121.73. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 9.90 and a beta of 0.94. Wintrust Financial Co. has a one year low of $89.10 and a one year high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period last year, the business earned $1.87 earnings per share. Sell-side analysts predict that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.96%. Wintrust Financial's payout ratio is currently 19.40%.

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.