XTX Topco Ltd Buys 2,373 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

XTX Topco Ltd increased its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 66.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,937 shares of the bank’s stock after purchasing an additional 2,373 shares during the period. XTX Topco Ltd’s holdings in Wintrust Financial were worth $740,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Journey Strategic Wealth LLC lifted its holdings in Wintrust Financial by 3.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 2,569 shares of the bank’s stock valued at $320,000 after buying an additional 89 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Wintrust Financial by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank’s stock valued at $2,307,000 after acquiring an additional 100 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Wintrust Financial by 1.7% in the 3rd quarter. MML Investors Services LLC now owns 6,201 shares of the bank’s stock valued at $673,000 after purchasing an additional 106 shares during the period. Gitterman Wealth Management LLC boosted its position in shares of Wintrust Financial by 5.0% in the 4th quarter. Gitterman Wealth Management LLC now owns 2,373 shares of the bank’s stock worth $296,000 after purchasing an additional 113 shares during the last quarter. Finally, Huntington National Bank grew its stake in shares of Wintrust Financial by 3.3% during the fourth quarter. Huntington National Bank now owns 3,971 shares of the bank’s stock worth $495,000 after purchasing an additional 127 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on WTFC. Piper Sandler raised their target price on Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada restated an “outperform” rating and set a $152.00 price objective on shares of Wintrust Financial in a report on Thursday, January 23rd. Barclays lowered their target price on shares of Wintrust Financial from $155.00 to $138.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Raymond James reissued a “strong-buy” rating and set a $150.00 price target (up from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, Truist Financial raised Wintrust Financial to a “strong-buy” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.38.

Wintrust Financial Price Performance

Shares of WTFC opened at $102.51 on Friday. The company has a 50 day moving average of $113.61 and a 200-day moving average of $121.55. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $6.86 billion, a P/E ratio of 9.94 and a beta of 0.94. Wintrust Financial Co. has a twelve month low of $89.10 and a twelve month high of $142.04.

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

Wintrust Financial Announces Dividend

The business also recently declared 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 of this dividend is Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.95%. Wintrust Financial’s dividend payout ratio is 19.40%.

Insiders Place Their Bets

In other news, EVP Jeffrey D. Hahnfeld sold 416 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total transaction of $54,475.20. Following the transaction, the executive vice president now directly owns 2,276 shares in the company, valued at $298,042.20. The trade was a 15.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David L. Stoehr sold 2,363 shares of the firm’s 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 completion of the sale, the chief financial officer now owns 19,858 shares of the company’s stock, valued at $2,607,752.56. This trade represents a 10.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,178 shares of company stock valued at $1,336,315 in the last 90 days. 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.