Quantinno Capital Management LP Raises Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Quantinno Capital Management LP lifted its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 24.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,759 shares of the bank's stock after purchasing an additional 4,025 shares during the period. Quantinno Capital Management LP's holdings in Wintrust Financial were worth $2,253,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Chartwell Investment Partners LLC increased its stake in shares of Wintrust Financial by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 11,049 shares of the bank's stock worth $1,200,000 after purchasing an additional 89 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Wintrust Financial by 11.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank's stock worth $85,000 after buying an additional 91 shares in the last quarter. Shaker Investments LLC OH increased its stake in Wintrust Financial by 0.3% in the 3rd quarter. Shaker Investments LLC OH now owns 28,928 shares of the bank's stock worth $3,140,000 after buying an additional 96 shares in the last quarter. Captrust Financial Advisors increased its stake in Wintrust Financial by 2.8% in the 3rd quarter. Captrust Financial Advisors now owns 3,859 shares of the bank's stock worth $419,000 after buying an additional 104 shares in the last quarter. Finally, US Bancorp DE increased its stake in Wintrust Financial by 0.5% in the 3rd quarter. US Bancorp DE now owns 24,716 shares of the bank's stock worth $2,682,000 after buying an additional 126 shares in the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Trading Up 2.1 %

Shares of NASDAQ:WTFC traded up $2.80 during trading on Wednesday, reaching $135.16. The company's stock had a trading volume of 126,196 shares, compared to its average volume of 386,186. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. Wintrust Financial Co. has a 12 month low of $89.33 and a 12 month high of $142.04. The firm's 50 day simple moving average is $123.12 and its two-hundred day simple moving average is $109.31. The stock has a market capitalization of $8.99 billion, a PE ratio of 13.86 and a beta of 1.18.

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

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.33%. The ex-dividend date was Thursday, November 7th. Wintrust Financial's payout ratio is currently 18.85%.

Insiders Place Their Bets

In other news, 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 completion of the sale, the insider now owns 42,311 shares of the company's stock, valued at approximately $4,892,420.93. The trade was a 8.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 sale, the chief financial officer now directly owns 14,874 shares of the company's stock, valued at $1,687,604.04. This represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,198 shares of company stock valued at $2,445,314 over the last 90 days. Insiders own 1.47% of the company's stock.

Wall Street Analyst Weigh In

WTFC has been the subject of a number of analyst reports. Truist Financial increased their price target on Wintrust Financial from $123.00 to $127.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. DA Davidson increased their price target on Wintrust Financial from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Piper Sandler increased their price target on Wintrust Financial from $131.00 to $136.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Barclays increased their price target on Wintrust Financial from $130.00 to $151.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Finally, 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. Three investment 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. Based on data from MarketBeat.com, Wintrust Financial has an average rating of "Moderate Buy" and a consensus price target of $124.62.

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.