State Street Corp Purchases 126,724 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

State Street Corp increased its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 5.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,627,561 shares of the bank's stock after acquiring an additional 126,724 shares during the quarter. State Street Corp owned about 3.95% of Wintrust Financial worth $285,169,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WTFC. International Assets Investment Management LLC bought a new stake in Wintrust Financial in the 3rd quarter valued at $35,000. UMB Bank n.a. grew its stake in shares of Wintrust Financial by 62.0% in the third quarter. UMB Bank n.a. now owns 512 shares of the bank's stock valued at $56,000 after acquiring an additional 196 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Wintrust Financial in the 3rd quarter worth about $61,000. Covestor Ltd boosted its holdings in Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank's stock valued at $71,000 after purchasing an additional 286 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Wintrust Financial by 11.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank's stock worth $85,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 93.48% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wedbush reiterated an "outperform" rating and issued a $130.00 price target on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Piper Sandler upped their target price on Wintrust Financial from $131.00 to $136.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Barclays boosted their price target on Wintrust Financial from $130.00 to $151.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Raymond James increased their price objective on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, October 23rd. Finally, Citigroup boosted their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Wintrust Financial presently has a consensus rating of "Moderate Buy" and an average price target of $124.62.

Insider Activity

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total value of $182,330.22. Following the transaction, the chief financial officer now owns 14,874 shares in the company, valued at approximately $1,687,604.04. This represents a 9.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO David A. Dykstra sold 15,492 shares of the business's 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 sale, the chief operating officer now owns 197,591 shares of the company's stock, valued at $22,817,808.68. This trade represents a 7.27 % 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.

Wintrust Financial Trading Up 1.3 %

Shares of NASDAQ:WTFC traded up $1.77 during midday trading on Wednesday, hitting $134.13. 322,131 shares of the stock were exchanged, compared to its average volume of 387,034. The business's 50-day moving average price is $123.12 and its 200 day moving average price is $109.31. The stock has a market capitalization of $8.92 billion, a price-to-earnings ratio of 13.86 and a beta of 1.18. Wintrust Financial Co. has a 12 month low of $89.33 and a 12 month high of $142.04. 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 (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) 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 business had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. During the same period in the previous year, the business posted $2.53 EPS. Wintrust Financial's revenue was up 7.1% on a year-over-year basis. Analysts predict that Wintrust Financial Co. will post 10.12 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.34%. Wintrust Financial's dividend payout ratio (DPR) is presently 18.85%.

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.