Wellington Management Group LLP Has $18.36 Million Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Wellington Management Group LLP lessened its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 31.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 169,197 shares of the bank’s stock after selling 78,955 shares during the period. Wellington Management Group LLP owned 0.25% of Wintrust Financial worth $18,363,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its position in Wintrust Financial by 14.1% during the 3rd quarter. FMR LLC now owns 5,153,999 shares of the bank’s stock worth $559,364,000 after acquiring an additional 637,072 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Wintrust Financial by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock worth $297,376,000 after acquiring an additional 146,090 shares during the last quarter. State Street Corp lifted its position in Wintrust Financial by 5.1% during the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock worth $285,169,000 after acquiring an additional 126,724 shares during the last quarter. Principal Financial Group Inc. lifted its position in Wintrust Financial by 11.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock worth $141,981,000 after acquiring an additional 133,311 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in Wintrust Financial by 1.8% during the 2nd quarter. Federated Hermes Inc. now owns 815,466 shares of the bank’s stock worth $80,372,000 after acquiring an additional 14,087 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insiders Place Their Bets

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David A. Dykstra sold 15,492 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the sale, the chief operating officer now directly owns 197,591 shares in the company, valued at $22,817,808.68. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,198 shares of company stock valued at $2,445,314. 1.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on WTFC shares. Wedbush reissued an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Piper Sandler boosted their price objective on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Barclays boosted their price objective on shares of Wintrust Financial from $130.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. DA Davidson boosted their price objective on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Citigroup boosted their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Three 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.62.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $131.41 on Friday. The stock has a market cap of $8.74 billion, a P/E ratio of 13.76 and a beta of 1.18. The company’s 50-day simple moving average is $124.79 and its 200 day simple moving average is $109.88. Wintrust Financial Co. has a twelve month low of $89.68 and a twelve month high of $142.04. 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 (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.03). The firm had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. Wintrust Financial’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.53 earnings per share. As a group, research analysts forecast that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, November 7th. This represents a $1.80 annualized dividend and a yield of 1.37%. Wintrust Financial’s dividend payout ratio is 18.85%.

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.