JPMorgan Chase & Co. Has $122.33 Million Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

JPMorgan Chase & Co. cut its holdings in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 20.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,127,195 shares of the bank's stock after selling 286,401 shares during the period. JPMorgan Chase & Co. owned 1.70% of Wintrust Financial worth $122,334,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Commonwealth Equity Services LLC raised its stake in Wintrust Financial by 2.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 9,058 shares of the bank's stock valued at $893,000 after purchasing an additional 224 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Wintrust Financial by 25.2% in the second quarter. Natixis Advisors LLC now owns 40,908 shares of the bank's stock valued at $4,032,000 after buying an additional 8,238 shares during the period. Fiera Capital Corp grew its position in Wintrust Financial by 1.1% during the second quarter. Fiera Capital Corp now owns 443,284 shares of the bank's stock worth $43,690,000 after buying an additional 4,985 shares in the last quarter. Mesirow Institutional Investment Management Inc. increased its stake in Wintrust Financial by 1.2% during the second quarter. Mesirow Institutional Investment Management Inc. now owns 111,092 shares of the bank's stock valued at $10,949,000 after acquiring an additional 1,266 shares during the period. Finally, Arizona State Retirement System raised its holdings in Wintrust Financial by 2.7% in the 2nd quarter. Arizona State Retirement System now owns 17,286 shares of the bank's stock valued at $1,704,000 after acquiring an additional 457 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC traded down $0.70 during midday trading on Thursday, reaching $124.01. The company's stock had a trading volume of 386,523 shares, compared to its average volume of 390,856. The business's fifty day simple moving average is $128.68 and its 200-day simple moving average is $112.85. The company has a market capitalization of $8.25 billion, a P/E ratio of 12.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01. Wintrust Financial Co. has a fifty-two week low of $89.68 and a fifty-two week high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced 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). The company had revenue of $615.73 million during the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The company's revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.53 earnings per share. As a group, equities research analysts expect that Wintrust Financial Co. will post 10.12 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.45%. The ex-dividend date was Thursday, November 7th. Wintrust Financial's dividend payout ratio is 18.85%.

Insider Transactions at Wintrust Financial

In related news, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the transaction, the chief financial officer now owns 14,874 shares of the company's stock, valued at $1,687,604.04. This trade represents a 9.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David A. Dykstra sold 15,492 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The shares were 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. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,198 shares of company stock worth $2,445,314 in the last quarter. 1.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

WTFC has been the topic of a number of research reports. Wedbush restated an "outperform" rating and set a $130.00 price objective on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Piper Sandler boosted their price target on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Barclays raised their price objective on shares of Wintrust Financial from $130.00 to $151.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Truist Financial upped their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Citigroup raised their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $128.00.

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.