Wintrust Financial Co. (NASDAQ:WTFC) Shares Acquired by Fmr LLC

FMR LLC grew its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 14.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,153,999 shares of the bank's stock after purchasing an additional 637,072 shares during the quarter. FMR LLC owned approximately 7.75% of Wintrust Financial worth $559,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in Wintrust Financial by 4.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 55,020 shares of the bank's stock worth $5,971,000 after buying an additional 2,187 shares in the last quarter. Bank of Montreal Can grew its position in shares of Wintrust Financial by 183.4% during the third quarter. Bank of Montreal Can now owns 47,917 shares of the bank's stock worth $5,106,000 after purchasing an additional 31,008 shares in the last quarter. Fisher Asset Management LLC raised its stake in Wintrust Financial by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 437,028 shares of the bank's stock valued at $47,431,000 after purchasing an additional 11,752 shares during the period. Westfield Capital Management Co. LP lifted its holdings in Wintrust Financial by 13.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 237,311 shares of the bank's stock worth $25,755,000 after purchasing an additional 28,727 shares in the last quarter. Finally, Alpha DNA Investment Management LLC boosted its stake in Wintrust Financial by 19.2% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 4,629 shares of the bank's stock worth $502,000 after purchasing an additional 746 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Wintrust Financial

In related news, CFO David L. Stoehr sold 1,607 shares of the 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 completion of the sale, the chief financial officer now owns 14,874 shares of the company's stock, valued at $1,687,604.04. This represents a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO David A. Dykstra sold 15,492 shares of the firm's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the sale, the chief operating officer now directly owns 197,591 shares of the company's stock, valued at $22,817,808.68. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,198 shares of company stock valued at $2,445,314. Corporate insiders own 1.47% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Truist Financial boosted their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Raymond James boosted their price target 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. Citigroup raised their price objective on Wintrust Financial from $126.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Wedbush reaffirmed an "outperform" rating and issued a $130.00 target price on shares of Wintrust Financial in a report on Tuesday, October 22nd. Finally, Piper Sandler increased their price target on Wintrust Financial from $131.00 to $136.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Three 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 data from MarketBeat, Wintrust Financial currently has an average rating of "Moderate Buy" and a consensus target price of $123.00.

Wintrust Financial Stock Down 0.4 %

Shares of WTFC stock traded down $0.49 on Friday, hitting $138.01. The stock had a trading volume of 260,817 shares, compared to its average volume of 387,041. 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 one year low of $84.96 and a one year high of $142.04. The business has a 50 day moving average price of $118.51 and a 200 day moving average price of $107.23. The company has a market cap of $9.18 billion, a PE ratio of 14.48 and a beta of 1.15.

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 business had revenue of $615.73 million during the quarter, compared to analysts' expectations 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 previous year, the company posted $2.53 EPS. Research analysts anticipate that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were issued a $0.45 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.30%. Wintrust Financial's dividend payout ratio 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.