Fmr LLC Has $559.36 Million Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Fmr LLC boosted its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 14.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,153,999 shares of the bank’s stock after buying an additional 637,072 shares during the period. Fmr LLC owned about 0.08% of Wintrust Financial worth $559,364,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of WTFC. PEAK6 Investments LLC acquired a new position in Wintrust Financial during the first quarter worth $227,000. Price T Rowe Associates Inc. MD grew its position in shares of Wintrust Financial by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,385 shares of the bank’s stock valued at $2,964,000 after purchasing an additional 1,919 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of Wintrust Financial by 17.4% in the first quarter. Westwood Holdings Group Inc. now owns 186,225 shares of the bank’s stock valued at $19,440,000 after purchasing an additional 27,660 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Wintrust Financial by 62.6% in the second quarter. GAMMA Investing LLC now owns 818 shares of the bank’s stock valued at $81,000 after purchasing an additional 315 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Wintrust Financial by 825.0% in the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock valued at $29,000 after purchasing an additional 264 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Stock Up 0.4 %

Shares of WTFC opened at $138.50 on Friday. The stock has a market cap of $9.21 billion, a price-to-earnings ratio of 14.50 and a beta of 1.15. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. Wintrust Financial Co. has a 12 month low of $82.90 and a 12 month high of $142.04. The company has a 50-day moving average price of $117.94 and a two-hundred day moving average price of $107.01.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The firm had revenue of $615.73 million during the quarter, compared to the consensus estimate of $623.45 million. During the same quarter last year, the firm posted $2.53 EPS. The business’s revenue was up 7.1% on a year-over-year basis. Equities analysts predict that Wintrust Financial Co. will post 10.12 EPS 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 paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.85%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WTFC shares. Citigroup raised their price target on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Piper Sandler increased their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Truist Financial increased their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Raymond James increased their target price on shares of Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, DA Davidson increased their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the company 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. Based on data from MarketBeat, Wintrust Financial has an average rating of “Moderate Buy” and an average target price of $123.00.

Insider Activity

In related news, insider Richard B. Murphy sold 4,099 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the completion of the sale, the insider now owns 42,311 shares of the company’s stock, valued at $4,892,420.93. This trade represents a 8.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $182,330.22. Following the completion of the sale, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. This represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,198 shares of company stock worth $2,445,314. Insiders own 1.47% of the company’s stock.

Wintrust Financial Company 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.