Wintrust Financial Co. (NASDAQ:WTFC) Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC lifted its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 24.0% during the third quarter, Holdings Channel reports. The fund owned 1,742 shares of the bank’s stock after buying an additional 337 shares during the quarter. TD Private Client Wealth LLC’s holdings in Wintrust Financial were worth $189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Wintrust Financial by 36.2% in 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 period. Choreo LLC purchased a new stake in Wintrust Financial during the second quarter worth $1,115,000. State Street Corp boosted its holdings in Wintrust Financial by 5.1% during the third quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock worth $285,169,000 after buying an additional 126,724 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Wintrust Financial by 7.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank’s stock worth $22,063,000 after buying an additional 14,699 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in Wintrust Financial by 13.8% during the third quarter. Westfield Capital Management Co. LP now owns 237,311 shares of the bank’s stock worth $25,755,000 after buying an additional 28,727 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insider Buying and Selling

In related news, CFO David L. Stoehr sold 1,607 shares of the firm’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 completion of the sale, the chief financial officer now directly owns 14,874 shares in the company, valued at approximately $1,687,604.04. This trade represents a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO David A. Dykstra sold 15,492 shares of the firm’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 owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. The trade was 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 sold 21,198 shares of company stock worth $2,445,314. Insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Barclays increased their price target 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 increased their price target 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. Raymond James increased their price target on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 23rd. Piper Sandler increased their price objective on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Citigroup increased their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.62.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $131.41 on Monday. The company’s 50-day moving average price is $124.79 and its 200-day moving average price is $110.07. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. The company has a market cap of $8.74 billion, a P/E ratio of 13.76 and a beta of 1.18. Wintrust Financial Co. has a twelve month low of $89.68 and a twelve month high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results 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 business had revenue of $615.73 million during the quarter, compared to analysts’ expectations of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.53 earnings per share. On average, sell-side 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. Investors of record on Thursday, November 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.37%. The ex-dividend date was Thursday, November 7th. Wintrust Financial’s payout ratio is currently 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.