LMR Partners LLP Takes $499,000 Position in Wintrust Financial Co. (NASDAQ:WTFC)

LMR Partners LLP purchased a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,599 shares of the bank's stock, valued at approximately $499,000.

A number of other institutional investors also recently made changes to their positions in WTFC. Russell Investments Group Ltd. lifted its position in Wintrust Financial by 7.6% in the 1st quarter. Russell Investments Group Ltd. now owns 9,174 shares of the bank's stock worth $958,000 after buying an additional 651 shares in the last quarter. Vanguard Group Inc. boosted its stake in Wintrust Financial by 3.9% in the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank's stock worth $673,603,000 after purchasing an additional 244,168 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in Wintrust Financial by 10.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,221 shares of the bank's stock valued at $336,000 after buying an additional 296 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Wintrust Financial by 2.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 49,850 shares of the bank's stock worth $5,207,000 after acquiring an additional 1,144 shares during the period. Finally, Capital International Investors boosted its stake in Wintrust Financial by 4.6% during the 1st quarter. Capital International Investors now owns 1,638,085 shares of the bank's stock worth $171,000,000 after acquiring an additional 72,082 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Stock Down 0.2 %

NASDAQ:WTFC traded down $0.29 on Wednesday, hitting $130.83. The stock had a trading volume of 370,722 shares, compared to its average volume of 386,701. 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 52 week low of $82.90 and a 52 week high of $136.08. The company has a market cap of $8.70 billion, a PE ratio of 13.73 and a beta of 1.15. The business's fifty day moving average is $114.26 and its 200 day moving average is $105.57.

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

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.80 annualized dividend and a yield of 1.38%. Wintrust Financial's dividend payout ratio is currently 18.85%.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 15,492 shares of the stock in a transaction 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 owns 197,591 shares of the company's stock, valued at $22,817,808.68. This represents a 7.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David L. Stoehr sold 1,607 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 14,874 shares of the company's stock, valued at $1,687,604.04. The trade was a 9.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,198 shares of company stock valued at $2,445,314. Company insiders own 1.47% of the company's stock.

Analyst Ratings Changes

WTFC has been the subject of a number of research reports. Piper Sandler increased their target price on Wintrust Financial from $131.00 to $136.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Raymond James lifted their target price on Wintrust Financial from $125.00 to $135.00 and gave the company a "strong-buy" rating in a research report on Wednesday, October 23rd. Truist Financial upped their price target on Wintrust Financial from $123.00 to $127.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Citigroup boosted their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, 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 note on Wednesday, October 23rd. Three 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 stock. According to MarketBeat.com, Wintrust Financial presently has an average rating of "Moderate Buy" and a consensus price target of $123.00.

Wintrust Financial Company 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.