Fmr LLC Has $623.70 Million Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Fmr LLC reduced its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,001,189 shares of the bank’s stock after selling 152,810 shares during the quarter. Fmr LLC owned about 0.08% of Wintrust Financial worth $623,698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Millstone Evans Group LLC acquired a new position in shares of Wintrust Financial in the 4th quarter valued at $43,000. Global Retirement Partners LLC lifted its holdings in Wintrust Financial by 63.5% during the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock worth $47,000 after acquiring an additional 146 shares in the last quarter. Versant Capital Management Inc grew its stake in Wintrust Financial by 32.1% in the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after acquiring an additional 131 shares during the period. UMB Bank n.a. increased its holdings in shares of Wintrust Financial by 32.2% in the fourth quarter. UMB Bank n.a. now owns 677 shares of the bank’s stock worth $84,000 after acquiring an additional 165 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Wintrust Financial by 920.9% during the fourth quarter. Jones Financial Companies Lllp now owns 684 shares of the bank’s stock worth $85,000 after purchasing an additional 617 shares during the period. 93.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Truist Financial upgraded Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Barclays reduced their price target on shares of Wintrust Financial from $155.00 to $138.00 and set an “overweight” rating for the company in a report on Tuesday. Raymond James restated a “strong-buy” rating and set a $150.00 price objective (up from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 target price on shares of Wintrust Financial in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. One 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 presently has an average rating of “Moderate Buy” and a consensus price target of $132.38.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC opened at $95.17 on Wednesday. The stock has a market capitalization of $6.35 billion, a PE ratio of 9.23 and a beta of 0.94. Wintrust Financial Co. has a 52 week low of $89.10 and a 52 week high of $142.04. The stock has a 50 day moving average price of $118.15 and a 200 day moving average price of $122.07. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, beating the consensus estimate 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 previous year, the firm earned $1.87 earnings per share. Analysts predict that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a $0.50 dividend. The ex-dividend date is Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 2.10%. Wintrust Financial’s dividend payout ratio is 19.40%.

Insiders Place Their Bets

In other Wintrust Financial news, insider Richard B. Murphy sold 3,186 shares of Wintrust Financial stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total value of $418,321.80. Following the completion of the sale, the insider now owns 48,814 shares in the company, valued at $6,409,278.20. The trade was a 6.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David L. Stoehr sold 2,363 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total transaction of $310,309.16. Following the transaction, the chief financial officer now owns 19,858 shares in the company, valued at approximately $2,607,752.56. The trade was a 10.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,178 shares of company stock valued at $1,336,315 over the last ninety 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.