16,500 Shares in Wintrust Financial Co. (NASDAQ:WTFC) Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,500 shares of the bank's stock, valued at approximately $2,056,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC boosted its position in Wintrust Financial by 530.3% during the third quarter. Jane Street Group LLC now owns 39,135 shares of the bank's stock valued at $4,247,000 after acquiring an additional 32,926 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Wintrust Financial by 36.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank's stock valued at $87,132,000 after acquiring an additional 213,559 shares during the last quarter. Retirement Systems of Alabama boosted its position in Wintrust Financial by 6.0% during the third quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank's stock valued at $8,767,000 after acquiring an additional 4,562 shares during the last quarter. State Street Corp boosted its position in shares of Wintrust Financial by 5.1% during the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank's stock worth $285,169,000 after purchasing an additional 126,724 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Wintrust Financial by 7.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank's stock worth $22,063,000 after purchasing an additional 14,699 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Jeffrey D. Hahnfeld sold 416 shares of Wintrust Financial stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total value of $54,475.20. Following the transaction, the executive vice president now owns 2,276 shares in the company, valued at $298,042.20. This trade represents a 15.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David L. Stoehr sold 2,363 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were 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 disclosure for this sale can be found here. Insiders have sold a total of 10,178 shares of company stock worth $1,336,315 in the last 90 days. 1.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. DA Davidson increased their price objective on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Barclays increased their price objective on shares of Wintrust Financial from $151.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Truist Financial upgraded shares of Wintrust Financial to a "strong-buy" rating in a research note on Monday, January 6th. Wedbush restated an "outperform" rating and set a $130.00 price target on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $133.69.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC traded up $2.80 during mid-day trading on Tuesday, reaching $131.87. 232,773 shares of the company were exchanged, compared to its average volume of 455,628. Wintrust Financial Co. has a 52 week low of $90.29 and a 52 week high of $142.04. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $8.77 billion, a PE ratio of 12.76 and a beta of 1.19. The company's 50 day moving average price is $129.91 and its 200 day moving average price is $118.68.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its earnings results on Tuesday, January 21st. The bank reported $2.63 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 period in the previous year, the firm posted $1.87 EPS. Sell-side analysts forecast that Wintrust Financial Co. will post 10.33 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, February 6th. This is a boost from Wintrust Financial's previous quarterly dividend of $0.45. Wintrust Financial's dividend payout ratio (DPR) 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.