Orion Portfolio Solutions LLC Lowers Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Orion Portfolio Solutions LLC lowered its position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,232 shares of the bank's stock after selling 2,770 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Wintrust Financial were worth $3,895,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WTFC. Vanguard Group Inc. boosted its position in Wintrust Financial by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 6,911,488 shares of the bank's stock valued at $861,932,000 after buying an additional 58,162 shares during the period. State Street Corp increased its position in shares of Wintrust Financial by 5.1% during the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank's stock valued at $285,169,000 after purchasing an additional 126,724 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Wintrust Financial by 11.3% in the 3rd 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 in the last quarter. Geode Capital Management LLC increased its stake in shares of Wintrust Financial by 8.8% in the third quarter. Geode Capital Management LLC now owns 1,155,726 shares of the bank's stock worth $125,464,000 after purchasing an additional 92,995 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Wintrust Financial in the fourth quarter valued at about $94,906,000. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

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Wintrust Financial Trading Down 11.0 %

WTFC traded down $12.66 during trading on Thursday, reaching $101.91. The company had a trading volume of 321,944 shares, compared to its average volume of 399,674. The firm's 50-day simple moving average is $121.69 and its 200 day simple moving average is $122.48. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 9.87 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.

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 net margin of 17.52% and a return on equity of 12.60%. During the same period in the prior year, the firm posted $1.87 earnings per share. Equities research analysts anticipate that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a dividend of $0.50 per share. This is an increase from Wintrust Financial's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.96%. Wintrust Financial's dividend payout ratio is currently 19.40%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Truist Financial upgraded shares of Wintrust Financial to a "strong-buy" rating in a report on Monday, January 6th. Barclays upped their price target on shares of Wintrust Financial from $151.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. UBS Group started coverage on Wintrust Financial in a research note on Tuesday, December 17th. They set a "buy" rating and a $157.00 price objective for the company. Royal Bank of Canada restated an "outperform" rating and issued a $152.00 price objective on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, Piper Sandler boosted their price target on Wintrust Financial from $151.00 to $156.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $133.69.

Insider Transactions at Wintrust Financial

In related news, EVP Jeffrey D. Hahnfeld sold 416 shares of Wintrust Financial stock in a transaction that occurred 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 directly owns 2,276 shares of the company's stock, valued at approximately $298,042.20. The trade was a 15.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO David A. Dykstra sold 4,213 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total value of $553,209.03. Following the completion of the sale, the chief operating officer now directly owns 206,294 shares of the company's stock, valued at approximately $27,088,465.14. The trade was a 2.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,178 shares of company stock valued at $1,336,315 over the last 90 days. 1.47% of the stock is owned by corporate insiders.

About Wintrust Financial

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.