Janus Henderson Group PLC Trims Position in Wintrust Financial Co. (NASDAQ:WTFC)

Janus Henderson Group PLC lessened its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 767,743 shares of the bank's stock after selling 35,717 shares during the quarter. Janus Henderson Group PLC owned about 1.15% of Wintrust Financial worth $83,325,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WTFC. International Assets Investment Management LLC acquired a new position in Wintrust Financial during the third quarter worth about $35,000. UMB Bank n.a. raised its stake in Wintrust Financial by 62.0% during the third quarter. UMB Bank n.a. now owns 512 shares of the bank's stock worth $56,000 after acquiring an additional 196 shares in the last quarter. Brooklyn Investment Group acquired a new position in Wintrust Financial during the third quarter worth about $61,000. Covestor Ltd raised its stake in Wintrust Financial by 77.9% during the third quarter. Covestor Ltd now owns 653 shares of the bank's stock worth $71,000 after acquiring an additional 286 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Wintrust Financial by 62.6% during the second quarter. GAMMA Investing LLC now owns 818 shares of the bank's stock worth $81,000 after acquiring an additional 315 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

Insider Buying and Selling at Wintrust Financial

In other news, COO David A. Dykstra sold 15,492 shares of the firm's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the completion of the sale, the chief operating officer now directly owns 197,591 shares of the company's stock, valued at $22,817,808.68. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David L. Stoehr sold 1,607 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $1,687,604.04. This represents a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,198 shares of company stock worth $2,445,314. Corporate insiders own 1.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. DA Davidson boosted their price target on Wintrust Financial from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Citigroup boosted their price target on Wintrust Financial from $126.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Truist Financial boosted their price target on Wintrust Financial from $123.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Piper Sandler boosted their price target on Wintrust Financial from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Finally, Barclays upped their target price on Wintrust Financial from $130.00 to $151.00 and gave the company an "overweight" rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Wintrust Financial currently has an average rating of "Moderate Buy" and an average target price of $124.62.

Wintrust Financial Trading Down 0.7 %

WTFC traded down $1.02 during trading on Thursday, hitting $136.46. The company's stock had a trading volume of 380,756 shares, compared to its average volume of 388,843. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. Wintrust Financial Co. has a twelve month low of $89.18 and a twelve month high of $142.04. The stock's fifty day moving average price is $120.88 and its 200-day moving average price is $108.24. The firm has a market capitalization of $9.07 billion, a P/E ratio of 14.29 and a beta of 1.18.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts' consensus estimates of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. During the same period in the previous year, the company earned $2.53 earnings per share. Wintrust Financial's revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts anticipate that Wintrust Financial Co. will post 10.12 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial's dividend payout ratio (DPR) is presently 18.85%.

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.