Future Fund LLC Buys 5,248 Shares of Wintrust Financial Corporation $WTFC

Future Fund LLC boosted its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 26.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,800 shares of the bank’s stock after purchasing an additional 5,248 shares during the period. Wintrust Financial accounts for about 1.2% of Future Fund LLC’s investment portfolio, making the stock its 26th biggest holding. Future Fund LLC’s holdings in Wintrust Financial were worth $3,446,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in WTFC. Advisors Asset Management Inc. acquired a new stake in shares of Wintrust Financial in the 1st quarter valued at approximately $27,000. Jones Financial Companies Lllp lifted its stake in Wintrust Financial by 49.0% in the first quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock valued at $115,000 after acquiring an additional 335 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Wintrust Financial by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock valued at $20,179,000 after acquiring an additional 12,103 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Wintrust Financial by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank’s stock worth $50,000 after purchasing an additional 320 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Wintrust Financial by 1.6% during the 2nd quarter. Cerity Partners LLC now owns 23,120 shares of the bank’s stock worth $2,866,000 after purchasing an additional 355 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insider Activity

In other news, COO David A. Dykstra sold 9,579 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $148.82, for a total value of $1,425,546.78. Following the transaction, the chief operating officer owned 179,810 shares of the company’s stock, valued at approximately $26,759,324.20. This represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Suzet M. Mckinney sold 500 shares of Wintrust Financial stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the sale, the director directly owned 3,303 shares of the company’s stock, valued at approximately $492,014.88. The trade was a 13.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 13,099 shares of company stock valued at $1,954,386. 1.24% of the stock is owned by insiders.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $164.30 on Friday. Wintrust Financial Corporation has a 52 week low of $119.61 and a 52 week high of $167.21. The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of 13.77 and a beta of 0.84. The company has a 50-day simple moving average of $155.22 and a 200 day simple moving average of $148.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.26. The firm had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $707.23 million. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.69 EPS. On average, sell-side analysts predict that Wintrust Financial Corporation will post 13.03 earnings per share for the current year.

Wall Street Analyst Weigh In

WTFC has been the subject of a number of research analyst reports. Citigroup lifted their price target on Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Raymond James Financial started coverage on Wintrust Financial in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 price objective for the company. UBS Group reiterated a “neutral” rating and set a $170.00 target price on shares of Wintrust Financial in a research note on Tuesday, July 7th. Piper Sandler reiterated an “overweight” rating and set a $188.00 target price (up from $184.00) on shares of Wintrust Financial in a research note on Wednesday, April 22nd. Finally, TD Cowen boosted their target price on Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $174.92.

About Wintrust Financial

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.