Wintrust Financial Co. (NASDAQ:WTFC) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 12.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 244,229 shares of the bank’s stock after acquiring an additional 27,202 shares during the quarter. Envestnet Asset Management Inc. owned about 0.37% of Wintrust Financial worth $30,458,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WTFC. Vanguard Group Inc. increased its position in Wintrust Financial by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 6,911,488 shares of the bank’s stock worth $861,932,000 after purchasing an additional 58,162 shares in the last quarter. Principal Financial Group Inc. grew its stake in Wintrust Financial by 11.3% during the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock worth $141,981,000 after buying an additional 133,311 shares during the period. Geode Capital Management LLC increased its position in shares of Wintrust Financial by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,165,898 shares of the bank’s stock worth $145,443,000 after acquiring an additional 10,172 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Wintrust Financial by 41.3% in the 4th quarter. Clearbridge Investments LLC now owns 865,409 shares of the bank’s stock valued at $107,925,000 after acquiring an additional 253,050 shares during the period. Finally, Norges Bank acquired a new position in shares of Wintrust Financial during the 4th quarter valued at $94,906,000. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Stock Up 1.3 %

Shares of Wintrust Financial stock opened at $98.61 on Friday. The business has a 50-day moving average price of $115.85 and a 200 day moving average price of $121.79. Wintrust Financial Co. has a fifty-two week low of $89.10 and a fifty-two week high of $142.04. The firm has a market cap of $6.60 billion, a P/E ratio of 9.56 and a beta of 0.94. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period in the prior year, the business posted $1.87 earnings per share. On average, sell-side analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.03%. Wintrust Financial’s dividend payout ratio (DPR) is 19.40%.

Analyst Upgrades and Downgrades

Several research firms have commented on WTFC. Piper Sandler raised their price objective on Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. StockNews.com downgraded Wintrust Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 15th. Royal Bank of Canada restated an “outperform” rating and issued a $152.00 price target on shares of Wintrust Financial in a report on Thursday, January 23rd. Barclays dropped their price objective on shares of Wintrust Financial from $155.00 to $138.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group started coverage on shares of Wintrust Financial in a research note on Tuesday, December 17th. They issued a “buy” rating and a $157.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $132.38.

Insider Transactions at Wintrust Financial

In related news, CFO David L. Stoehr sold 2,363 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total transaction of $310,309.16. Following the sale, the chief financial officer now owns 19,858 shares in the company, valued at $2,607,752.56. This represents a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard B. Murphy sold 3,186 shares of Wintrust Financial stock in a transaction that occurred on 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 transaction, the insider now owns 48,814 shares of the company’s stock, valued at approximately $6,409,278.20. The trade was a 6.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,178 shares of company stock worth $1,336,315. 1.47% of the stock is currently owned by 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.