Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 431,147 shares of the bank's stock after selling 11,929 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.65% of Wintrust Financial worth $46,792,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Choreo LLC bought a new position in shares of Wintrust Financial during the second quarter valued at approximately $1,115,000. Allspring Global Investments Holdings LLC grew its stake in shares of Wintrust Financial by 7.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank's stock valued at $22,063,000 after buying an additional 14,699 shares during the last quarter. LMR Partners LLP bought a new position in shares of Wintrust Financial during the third quarter valued at approximately $499,000. Raymond James & Associates grew its stake in Wintrust Financial by 2.7% in the second quarter. Raymond James & Associates now owns 207,944 shares of the bank's stock worth $20,495,000 after purchasing an additional 5,563 shares in the last quarter. Finally, Natixis Advisors LLC grew its stake in Wintrust Financial by 25.2% in the second quarter. Natixis Advisors LLC now owns 40,908 shares of the bank's stock worth $4,032,000 after purchasing an additional 8,238 shares in the last quarter. 93.48% of the stock is owned by institutional investors.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the firm'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. This trade represents a 9.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total transaction of $473,967.37. Following the sale, the insider now directly owns 42,311 shares in the company, valued at approximately $4,892,420.93. The trade was a 8.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,198 shares of company stock valued at $2,445,314. 1.47% of the stock is owned by corporate insiders.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC traded up $1.63 during mid-day trading on Monday, hitting $138.71. The stock had a trading volume of 349,518 shares, compared to its average volume of 386,119. The company has a 50 day moving average of $116.10 and a two-hundred day moving average of $106.27. The firm has a market cap of $9.22 billion, a PE ratio of 14.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. Wintrust Financial Co. has a twelve month low of $82.90 and a twelve month high of $142.03.

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

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial's dividend payout ratio (DPR) is presently 18.85%.

Analysts Set New Price Targets

WTFC has been the topic of several research analyst reports. DA Davidson increased their price objective on Wintrust Financial from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Wedbush restated an "outperform" rating and set a $130.00 target price on shares of Wintrust Financial in a report on Tuesday, October 22nd. Truist Financial upped their target price on Wintrust Financial from $123.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Raymond James upped their target price on Wintrust Financial from $125.00 to $135.00 and gave the stock a "strong-buy" rating in a report on Wednesday, October 23rd. Finally, Citigroup increased their price objective on Wintrust Financial from $126.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Three 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $123.00.

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.