Geode Capital Management LLC Has $145.44 Million Position in Wintrust Financial Co. (NASDAQ:WTFC)

Geode Capital Management LLC increased its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,165,898 shares of the bank's stock after buying an additional 10,172 shares during the period. Geode Capital Management LLC owned 1.75% of Wintrust Financial worth $145,443,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WTFC. Millstone Evans Group LLC bought a new position in shares of Wintrust Financial during the 4th quarter valued at $43,000. Global Retirement Partners LLC lifted its position in shares of Wintrust Financial by 63.5% in the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock worth $47,000 after buying an additional 146 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Wintrust Financial by 32.1% during the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank's stock worth $67,000 after acquiring an additional 131 shares in the last quarter. UMB Bank n.a. increased its holdings 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 during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Wintrust Financial by 920.9% in the 4th 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. Institutional investors own 93.48% of the company's stock.

Insiders Place Their Bets

In other news, EVP Jeffrey D. Hahnfeld sold 416 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total transaction of $54,475.20. Following the transaction, the executive vice president now owns 2,276 shares of the company's stock, valued at $298,042.20. This represents a 15.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David L. Stoehr sold 2,363 shares of Wintrust Financial stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total value of $310,309.16. Following the completion of the sale, the chief financial officer now owns 19,858 shares of the company's stock, valued at approximately $2,607,752.56. The trade was a 10.63 % 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 valued at $1,336,315 in the last 90 days. 1.47% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WTFC. Barclays reduced their price objective on shares of Wintrust Financial from $155.00 to $138.00 and set an "overweight" rating for the company in a research note on Tuesday. Raymond James reissued a "strong-buy" rating and issued a $150.00 price target (up from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. UBS Group assumed coverage on shares of Wintrust Financial in a report on Tuesday, December 17th. They set a "buy" rating and a $157.00 price objective on the stock. Piper Sandler increased their target price on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, StockNews.com lowered Wintrust Financial from a "hold" rating to a "sell" rating in a research note on Saturday, February 15th. One equities 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $132.38.

Wintrust Financial Price Performance

WTFC stock traded up $1.27 during trading on Friday, hitting $98.61. The company had a trading volume of 751,069 shares, compared to its average volume of 414,755. 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 fifty day moving average price of $115.85 and a two-hundred day moving average price of $121.79. Wintrust Financial Co. has a fifty-two week low of $89.10 and a fifty-two week high of $142.04. The company has a market cap of $6.60 billion, a P/E ratio of 9.56 and a beta of 0.94.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) 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 company posted $1.87 earnings per share. Equities research analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, May 8th. Wintrust Financial's dividend 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.