HighTower Advisors LLC Has $1.90 Million Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

HighTower Advisors LLC increased its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 35.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,241 shares of the bank's stock after buying an additional 3,961 shares during the quarter. HighTower Advisors LLC's holdings in Wintrust Financial were worth $1,901,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WTFC. Quest Partners LLC increased its position in shares of Wintrust Financial by 36,366.7% during the third quarter. Quest Partners LLC now owns 2,188 shares of the bank's stock valued at $237,000 after acquiring an additional 2,182 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Wintrust Financial by 6.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 139,402 shares of the bank's stock valued at $15,129,000 after acquiring an additional 8,287 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Wintrust Financial by 36.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank's stock worth $87,132,000 after buying an additional 213,559 shares during the last quarter. Raymond James Trust N.A. increased its holdings in shares of Wintrust Financial by 3.6% in the 3rd quarter. Raymond James Trust N.A. now owns 4,327 shares of the bank's stock valued at $470,000 after acquiring an additional 151 shares during the period. Finally, Cerity Partners LLC raised its holdings in shares of Wintrust Financial by 19.1% in the third quarter. Cerity Partners LLC now owns 26,036 shares of the bank's stock valued at $2,826,000 after buying an additional 4,170 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

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Insider Transactions at Wintrust Financial

In related news, CFO David L. Stoehr sold 2,363 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total transaction of $310,309.16. Following the completion of the transaction, the chief financial officer now owns 19,858 shares in the company, valued at $2,607,752.56. The trade was a 10.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the firm'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 completion of 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 position. The disclosure for this sale can be found here. Insiders sold 10,178 shares of company stock valued at $1,336,315 over the last quarter. Company insiders own 1.47% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Truist Financial raised shares of Wintrust Financial to a "strong-buy" rating in a report on Monday, January 6th. Royal Bank of Canada restated an "outperform" rating and issued a $152.00 price target on shares of Wintrust Financial in a research note on Thursday, January 23rd. Barclays increased their price objective on Wintrust Financial from $151.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Piper Sandler increased their price target on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Finally, Raymond James reissued a "strong-buy" rating and set a $150.00 price target (up previously from $135.00) on shares of Wintrust Financial in a research note 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, Wintrust Financial presently has an average rating of "Moderate Buy" and an average price target of $133.69.

Wintrust Financial Trading Down 0.9 %

Wintrust Financial stock traded down $1.09 during trading on Thursday, reaching $113.86. The company had a trading volume of 297,451 shares, compared to its average volume of 388,847. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 11.04 and a beta of 1.16. Wintrust Financial Co. has a 12-month low of $91.38 and a 12-month high of $142.04. The stock's 50 day moving average price is $123.86 and its two-hundred day moving average price is $122.16.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the firm earned $1.87 earnings per share. As a group, equities analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued 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 was Thursday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.76%. Wintrust Financial's payout ratio is presently 19.40%.

About Wintrust Financial

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.