Wealthspire Advisors LLC Invests $206,000 in Wintrust Financial Co. (NASDAQ:WTFC)

Wealthspire Advisors LLC purchased a new position in Wintrust Financial Co. (NASDAQ:WTFC) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,648 shares of the bank’s stock, valued at approximately $206,000.

Several other hedge funds have also recently bought and sold shares of WTFC. Jane Street Group LLC raised its stake 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 worth $4,247,000 after buying an additional 32,926 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Wintrust Financial by 36.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock worth $87,132,000 after acquiring an additional 213,559 shares during the last quarter. Retirement Systems of Alabama lifted its stake in Wintrust Financial by 6.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank’s stock valued at $8,767,000 after buying an additional 4,562 shares in the last quarter. State Street Corp lifted its position in shares of Wintrust Financial by 5.1% in the third quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock valued at $285,169,000 after acquiring an additional 126,724 shares in the last quarter. Finally, LMR Partners LLP purchased a new position in Wintrust Financial in the 3rd quarter valued at about $499,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WTFC has been the topic of a number of recent analyst reports. UBS Group began coverage on Wintrust Financial in a research note on Tuesday, December 17th. They set a “buy” rating and a $157.00 price target on the stock. Raymond James reiterated a “strong-buy” rating and set a $150.00 target price (up from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price objective on shares of Wintrust Financial in a report on Thursday, January 23rd. Finally, Piper Sandler boosted their target price on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.69.

Wintrust Financial Trading Down 0.4 %

NASDAQ:WTFC opened at $122.80 on Friday. The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 11.91 and a beta of 1.19. Wintrust Financial Co. has a one year low of $91.38 and a one year high of $142.04. 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 business’s 50-day simple moving average is $128.68 and its 200 day simple moving average is $120.72.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) 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 last year, the firm posted $1.87 EPS. As a group, sell-side analysts predict that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.50 dividend. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.63%. Wintrust Financial’s dividend payout ratio (DPR) is 19.40%.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 4,213 shares of Wintrust Financial stock in a transaction 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 sale, the chief operating officer now owns 206,294 shares of the company’s stock, valued at $27,088,465.14. The trade was a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard B. Murphy sold 3,186 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total transaction of $418,321.80. Following the completion of the sale, the insider now directly owns 48,814 shares of the company’s stock, valued at $6,409,278.20. The trade was a 6.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,178 shares of company stock worth $1,336,315 in the last 90 days. 1.47% of the stock is currently owned by company insiders.

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.