Sei Investments Co. Acquires 505,293 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Sei Investments Co. lifted its holdings in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 261.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 698,628 shares of the bank's stock after buying an additional 505,293 shares during the period. Sei Investments Co. owned approximately 1.05% of Wintrust Financial worth $87,126,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WTFC. Millstone Evans Group LLC bought a new stake in Wintrust Financial during the fourth quarter worth $43,000. Global Retirement Partners LLC raised its stake in shares of Wintrust Financial by 63.5% during the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock worth $47,000 after purchasing an additional 146 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Wintrust Financial by 32.1% in the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank's stock worth $67,000 after buying an additional 131 shares during the last quarter. Brooklyn Investment Group bought a new position in Wintrust Financial during the third quarter valued at about $61,000. Finally, UMB Bank n.a. grew its position in Wintrust Financial by 32.2% during the fourth quarter. UMB Bank n.a. now owns 677 shares of the bank's stock valued at $84,000 after buying an additional 165 shares during the period. Hedge funds and other institutional investors own 93.48% of the company's stock.

Wintrust Financial Price Performance

Shares of WTFC stock traded down $1.09 during trading hours on Thursday, reaching $113.86. The stock had a trading volume of 297,451 shares, compared to its average volume of 388,847. The stock's fifty day simple moving average is $123.86 and its 200 day simple moving average is $122.16. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $7.60 billion, a PE ratio of 11.04 and a beta of 1.16. Wintrust Financial Co. has a 12 month low of $91.38 and a 12 month high of $142.04.

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Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, beating the consensus estimate of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period in the prior year, the business posted $1.87 earnings per share. On average, equities research analysts predict that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.76%. This is a boost from Wintrust Financial's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, February 6th. Wintrust Financial's payout ratio is presently 19.40%.

Analyst Upgrades and Downgrades

WTFC has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $152.00 target price on shares of Wintrust Financial in a research note on Thursday, January 23rd. Truist Financial raised Wintrust Financial to a "strong-buy" rating in a report on Monday, January 6th. Raymond James restated a "strong-buy" rating and issued a $150.00 target price (up from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. Barclays increased their price target on Wintrust Financial from $151.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Finally, StockNews.com cut Wintrust Financial from a "hold" rating to a "sell" rating in a research note on Saturday, February 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $133.69.

Insiders Place Their Bets

In other news, EVP Jeffrey D. Hahnfeld sold 416 shares of the firm's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total transaction of $54,475.20. Following the sale, the executive vice president now owns 2,276 shares in the company, valued at approximately $298,042.20. This trade represents a 15.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Richard B. Murphy sold 3,186 shares of Wintrust Financial stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total transaction of $418,321.80. Following the sale, the insider now directly owns 48,814 shares of the company's stock, valued at $6,409,278.20. This represents a 6.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,178 shares of company stock worth $1,336,315 in the last ninety days. 1.47% of the stock is currently owned by insiders.

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.