Thrivent Financial for Lutherans Trims Position in Wintrust Financial Co. (NASDAQ:WTFC)

Thrivent Financial for Lutherans trimmed its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,931 shares of the bank's stock after selling 7,930 shares during the period. Thrivent Financial for Lutherans owned approximately 0.33% of Wintrust Financial worth $23,978,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WTFC. Russell Investments Group Ltd. raised its holdings in shares of Wintrust Financial by 7.6% during the first quarter. Russell Investments Group Ltd. now owns 9,174 shares of the bank's stock worth $958,000 after acquiring an additional 651 shares during the period. Vanguard Group Inc. increased its position in shares of Wintrust Financial by 3.9% during the 1st 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 during the last quarter. O Shaughnessy Asset Management LLC raised its position in Wintrust Financial by 10.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,221 shares of the bank's stock worth $336,000 after acquiring an additional 296 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Wintrust Financial by 2.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 49,850 shares of the bank's stock valued at $5,207,000 after acquiring an additional 1,144 shares during the period. Finally, Capital International Investors raised its stake in Wintrust Financial by 4.6% in the 1st quarter. Capital International Investors now owns 1,638,085 shares of the bank's stock valued at $171,000,000 after acquiring an additional 72,082 shares during the period. Institutional investors own 93.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on WTFC shares. Citigroup lifted their target price on Wintrust Financial from $126.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. DA Davidson boosted their price target on Wintrust Financial from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Wedbush reaffirmed an "outperform" rating and set a $130.00 price target on shares of Wintrust Financial in a report on Tuesday, October 22nd. Truist Financial raised their price objective on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, Raymond James boosted 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. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $123.00.

Insiders Place Their Bets

In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of the business's stock in a transaction 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 transaction, the insider now directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now owns 14,874 shares of the company's stock, valued at approximately $1,687,604.04. This trade represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,198 shares of company stock valued at $2,445,314. 1.47% of the stock is currently owned by corporate insiders.

Wintrust Financial Stock Performance

WTFC stock traded down $0.29 during mid-day trading on Wednesday, hitting $130.83. The company had a trading volume of 246,601 shares, compared to its average volume of 386,149. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. The stock's fifty day moving average price is $114.26 and its two-hundred day moving average price is $105.57. Wintrust Financial Co. has a 12 month low of $82.90 and a 12 month high of $136.08. The firm has a market cap of $8.70 billion, a PE ratio of 13.73 and a beta of 1.15.

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

Wintrust Financial Announces Dividend

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

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.