LPL Financial LLC Has $1.99 Million Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

LPL Financial LLC boosted its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,980 shares of the bank's stock after buying an additional 3,622 shares during the quarter. LPL Financial LLC's holdings in Wintrust Financial were worth $1,993,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WTFC. HighTower Advisors LLC raised its holdings in shares of Wintrust Financial by 3.6% during the third quarter. HighTower Advisors LLC now owns 11,280 shares of the bank's stock worth $1,225,000 after purchasing an additional 395 shares during the period. Jane Street Group LLC grew its position in shares of Wintrust Financial by 530.3% during the 3rd quarter. Jane Street Group LLC now owns 39,135 shares of the bank's stock valued at $4,247,000 after buying an additional 32,926 shares during the last quarter. MML Investors Services LLC lifted its holdings in Wintrust Financial by 1.7% in the third quarter. MML Investors Services LLC now owns 6,201 shares of the bank's stock worth $673,000 after acquiring an additional 106 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Wintrust Financial in the third quarter valued at approximately $210,000. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Wintrust Financial by 8.4% during the third quarter. Public Employees Retirement System of Ohio now owns 26,128 shares of the bank's stock valued at $2,836,000 after purchasing an additional 2,030 shares during the last quarter. Institutional investors own 93.48% of the company's stock.

Wintrust Financial Trading Up 0.9 %

NASDAQ WTFC traded up $0.90 on Friday, hitting $102.51. 653,968 shares of the company were exchanged, compared to its average volume of 414,319. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. Wintrust Financial Co. has a twelve month low of $89.10 and a twelve month high of $142.04. The firm has a market capitalization of $6.86 billion, a P/E ratio of 9.94 and a beta of 0.94. The company's 50 day moving average price is $113.61 and its 200-day moving average price is $121.55.

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

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 1.95%. Wintrust Financial's dividend payout ratio (DPR) is currently 19.40%.

Insiders Place Their Bets

In related news, COO David A. Dykstra sold 4,213 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total transaction of $553,209.03. Following the completion of the sale, the chief operating officer now owns 206,294 shares in the company, valued at $27,088,465.14. This represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total transaction of $54,475.20. Following the completion of the sale, the executive vice president now owns 2,276 shares in the company, valued at approximately $298,042.20. The trade was a 15.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,178 shares of company stock valued at $1,336,315 over the last 90 days. 1.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WTFC shares. StockNews.com cut Wintrust Financial from a "hold" rating to a "sell" rating in a research note on Saturday, February 15th. Barclays reduced their target price on shares of Wintrust Financial from $155.00 to $138.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Truist Financial raised Wintrust Financial to a "strong-buy" rating in a report on Monday, January 6th. Piper Sandler boosted their price objective on Wintrust Financial from $151.00 to $156.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $152.00 target price on shares of Wintrust Financial in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.38.

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.