85,940 Shares in Wintrust Financial Corporation $WTFC Acquired by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 85,940 shares of the bank’s stock, valued at approximately $13,812,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. purchased a new stake in Wintrust Financial in the first quarter worth $27,000. Jones Financial Companies Lllp lifted its position in shares of Wintrust Financial by 49.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock valued at $115,000 after buying an additional 335 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Wintrust Financial by 7.2% during 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 worth $20,179,000 after acquiring an additional 12,103 shares during the period. EverSource Wealth Advisors LLC grew 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 acquiring an additional 320 shares during the period. Finally, Cerity Partners LLC grew 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 acquiring an additional 355 shares during the period. 93.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WTFC. Brean Capital cut Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 price objective on the stock. in a research note on Tuesday, July 21st. Citigroup lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Barclays lifted their target price on shares of Wintrust Financial from $190.00 to $192.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Raymond James Financial initiated coverage on shares of Wintrust Financial in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 price target on the stock. Finally, Piper Sandler set a $186.00 price target on shares of Wintrust Financial in a research note on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $177.77.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $152.95 on Monday. The company’s 50-day moving average price is $159.51 and its 200-day moving average price is $151.12. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. Wintrust Financial Corporation has a 12-month low of $119.61 and a 12-month high of $167.21. The company has a market cap of $10.32 billion, a price-to-earnings ratio of 12.29 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, July 20th. The bank reported $3.30 EPS for the quarter, beating the consensus estimate of $3.15 by $0.15. The company had revenue of $738.63 million during the quarter, compared to analysts’ expectations of $735.36 million. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. Wintrust Financial’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.78 earnings per share. On average, equities analysts expect that Wintrust Financial Corporation will post 13.04 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Thursday, August 6th. Wintrust Financial’s payout ratio is 17.67%.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 13,515 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the transaction, the chief operating officer directly owned 166,449 shares in the company, valued at $27,092,903.73. This represents a 7.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.24% of the company’s stock.

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.