SG Americas Securities LLC Raises Position in Wintrust Financial Corporation $WTFC

SG Americas Securities LLC boosted its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 1,400.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 22,251 shares of the bank’s stock after buying an additional 20,768 shares during the quarter. SG Americas Securities LLC’s holdings in Wintrust Financial were worth $2,947,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of WTFC. Invesco Ltd. grew its holdings in shares of Wintrust Financial by 9.0% in the second quarter. Invesco Ltd. now owns 1,229,858 shares of the bank’s stock worth $152,478,000 after purchasing an additional 101,134 shares during the last quarter. Jennison Associates LLC raised its holdings in Wintrust Financial by 16.0% during the 2nd quarter. Jennison Associates LLC now owns 936,834 shares of the bank’s stock valued at $116,149,000 after buying an additional 129,444 shares during the last quarter. Reinhart Partners LLC. boosted its position in Wintrust Financial by 12.2% during the 2nd quarter. Reinhart Partners LLC. now owns 751,481 shares of the bank’s stock valued at $93,170,000 after buying an additional 81,763 shares during the period. Sei Investments Co. grew its holdings in Wintrust Financial by 3.9% in the 2nd quarter. Sei Investments Co. now owns 726,222 shares of the bank’s stock worth $90,037,000 after acquiring an additional 27,264 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Wintrust Financial in the second quarter valued at about $87,418,000. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Stock Down 1.6%

Shares of Wintrust Financial stock opened at $143.61 on Tuesday. The company has a 50-day simple moving average of $137.20 and a two-hundred day simple moving average of $133.21. The stock has a market capitalization of $9.62 billion, a PE ratio of 13.20 and a beta of 0.88. Wintrust Financial Corporation has a 52-week low of $89.10 and a 52-week high of $149.79. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.00.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share for the quarter. The business had revenue of $1.26 billion during the quarter. Wintrust Financial had a return on equity of 12.82% and a net margin of 18.85%. On average, analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, November 6th. Wintrust Financial’s payout ratio is currently 18.38%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WTFC shares. Barclays boosted their price target on Wintrust Financial from $175.00 to $178.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Citigroup lifted their price objective on Wintrust Financial from $159.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, December 30th. Jefferies Financial Group decreased their target price on Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Truist Financial raised their price target on Wintrust Financial from $151.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, DA Davidson reiterated a “buy” rating and issued a $158.00 price target on shares of Wintrust Financial in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $154.50.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.