Natixis Advisors LLC Has $5.19 Million Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Natixis Advisors LLC grew its position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 16.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,788 shares of the bank's stock after acquiring an additional 6,880 shares during the quarter. Natixis Advisors LLC owned about 0.07% of Wintrust Financial worth $5,186,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Wintrust Financial by 3.9% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Wintrust Financial by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank's stock valued at $297,376,000 after acquiring an additional 146,090 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Wintrust Financial by 11.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank's stock worth $141,981,000 after acquiring an additional 133,311 shares in the last quarter. F M Investments LLC acquired a new position in shares of Wintrust Financial in the 2nd quarter worth $11,850,000. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in shares of Wintrust Financial by 15.5% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 630,824 shares of the bank's stock worth $62,174,000 after purchasing an additional 84,687 shares during the period. 93.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WTFC has been the topic of a number of analyst reports. Raymond James lifted their price target on Wintrust Financial from $125.00 to $135.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, October 23rd. Piper Sandler increased their price objective on Wintrust Financial from $131.00 to $136.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Wedbush reiterated an "outperform" rating and issued a $130.00 target price on shares of Wintrust Financial in a report on Tuesday, October 22nd. Citigroup increased their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, Truist Financial upped their price target on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Wintrust Financial has an average rating of "Moderate Buy" and an average target price of $123.00.

Wintrust Financial Stock Up 2.6 %

WTFC traded up $3.45 during trading hours on Friday, hitting $137.08. 365,886 shares of the company's stock were exchanged, compared to its average volume of 406,911. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The stock's 50-day moving average is $116.10 and its two-hundred day moving average is $106.19. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 14.35 and a beta of 1.15. Wintrust Financial Co. has a 1-year low of $82.90 and a 1-year high of $137.32.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing analysts' consensus estimates of $2.50 by ($0.03). The firm 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 business's revenue was up 7.1% on a year-over-year basis. During the same period last year, the business earned $2.53 EPS. Sell-side analysts predict 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 was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Thursday, November 7th. Wintrust Financial's dividend payout ratio is currently 18.85%.

Insiders Place Their Bets

In other 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 sale, the chief financial officer now directly owns 14,874 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the transaction, the insider now owns 42,311 shares of the company's stock, valued at approximately $4,892,420.93. This represents a 8.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,198 shares of company stock worth $2,445,314 in the last quarter. Corporate insiders own 1.47% of the company's stock.

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.