Invesco Ltd. Has $137.02 Million Position in Wintrust Financial Co. (NASDAQ:WTFC)

Invesco Ltd. increased its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,098,706 shares of the bank's stock after purchasing an additional 29,967 shares during the quarter. Invesco Ltd. owned about 1.65% of Wintrust Financial worth $137,020,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WTFC. Millstone Evans Group LLC bought a new stake in Wintrust Financial in the fourth quarter worth about $43,000. Global Retirement Partners LLC boosted its holdings in Wintrust Financial by 63.5% during 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 in the last quarter. Versant Capital Management Inc increased its holdings in shares of Wintrust Financial by 32.1% in the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank's stock valued at $67,000 after buying an additional 131 shares in the last quarter. UMB Bank n.a. lifted its position 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 grew its holdings in shares of 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 acquiring an additional 617 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

Insider Buying and Selling

In other Wintrust Financial news, insider Richard B. Murphy sold 3,186 shares of Wintrust Financial stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total transaction of $418,321.80. Following the sale, the insider now owns 48,814 shares in the company, valued at $6,409,278.20. The trade was a 6.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO David A. Dykstra sold 4,213 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total transaction of $553,209.03. Following the completion of the sale, the chief operating officer now directly owns 206,294 shares in the company, valued at approximately $27,088,465.14. The trade was a 2.00 % decrease in their position. 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 over the last three months. 1.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

WTFC has been the topic of a number of analyst reports. Truist Financial raised Wintrust Financial to a "strong-buy" rating in a research note on Monday, January 6th. Piper Sandler raised their price objective on shares of Wintrust Financial from $151.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. StockNews.com lowered Wintrust Financial from a "hold" rating to a "sell" rating in a report on Saturday, February 15th. Royal Bank of Canada reiterated an "outperform" rating and set a $152.00 price target on shares of Wintrust Financial in a report on Thursday, January 23rd. Finally, Barclays decreased their price objective on Wintrust Financial from $155.00 to $138.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Wintrust Financial has a consensus rating of "Moderate Buy" and a consensus price target of $132.38.

Wintrust Financial Stock Up 0.9 %

Shares of WTFC traded up $0.90 during trading hours on Friday, hitting $102.51. 653,968 shares of the company were exchanged, compared to its average volume of 414,319. The firm's 50 day moving average is $113.61 and its 200-day moving average is $121.55. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. Wintrust Financial Co. has a 52 week low of $89.10 and a 52 week high of $142.04. The company has a market cap of $6.86 billion, a PE ratio of 9.94 and a beta of 0.94.

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 (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $1.87 EPS. On average, equities research analysts forecast that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, May 8th. Wintrust Financial's payout ratio is presently 19.40%.

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.