Wintrust Financial Co. (NASDAQ:WTFC) Stock Holdings Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 244,229 shares of the bank's stock after purchasing an additional 27,202 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.37% of Wintrust Financial worth $30,458,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Wintrust Financial during the 4th quarter worth $94,906,000. Sei Investments Co. raised its stake in Wintrust Financial by 261.4% during the 4th quarter. Sei Investments Co. now owns 698,628 shares of the bank's stock valued at $87,126,000 after acquiring an additional 505,293 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Wintrust Financial in the 4th quarter valued at approximately $40,562,000. Clearbridge Investments LLC increased its holdings in shares of Wintrust Financial by 41.3% in the fourth quarter. Clearbridge Investments LLC now owns 865,409 shares of the bank's stock valued at $107,925,000 after purchasing an additional 253,050 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Wintrust Financial by 11.3% during the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank's stock worth $141,981,000 after purchasing an additional 133,311 shares during the period. Institutional investors and hedge funds own 93.48% of the company's stock.

Insider Buying and Selling

In other news, CFO David L. Stoehr sold 2,363 shares of the company's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total value of $310,309.16. Following the completion of the transaction, the chief financial officer now directly owns 19,858 shares in the company, valued at approximately $2,607,752.56. This represents a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of Wintrust Financial 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 sale, the executive vice president now directly owns 2,276 shares in the company, valued at $298,042.20. This trade represents a 15.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,178 shares of company stock valued at $1,336,315. Corporate insiders own 1.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $152.00 target price on shares of Wintrust Financial in a report on Thursday, January 23rd. StockNews.com downgraded Wintrust Financial from a "hold" rating to a "sell" rating in a report on Saturday, February 15th. Barclays lowered their price target on shares of Wintrust Financial from $155.00 to $138.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Raymond James reissued a "strong-buy" rating and set a $150.00 price target (up previously from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. Finally, Piper Sandler raised their price target on Wintrust Financial from $151.00 to $156.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Wintrust Financial presently has an average rating of "Moderate Buy" and an average target price of $132.38.

Wintrust Financial Trading Up 0.9 %

NASDAQ:WTFC traded up $0.90 on Friday, hitting $102.51. 653,968 shares of the stock were exchanged, compared to its average volume of 414,319. The stock has a fifty day moving average of $113.61 and a 200-day moving average of $121.55. The stock has a market cap of $6.86 billion, a PE ratio of 9.94 and a beta of 0.94. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a fifty-two week low of $89.10 and a fifty-two week high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted 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 last year, the business earned $1.87 EPS. As a group, equities analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Thursday, May 8th. Wintrust Financial's dividend payout ratio is presently 19.40%.

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.