Aberdeen Group plc Has $60.47 Million Stock Holdings in Wintrust Financial Corporation $WTFC

Key Points

• Aberdeen Group plc increased its holdings in Wintrust Financial Corporation by 7.6%, owning a total of 487,770 shares valued at $60.47 million as per the latest SEC filing.
• Wintrust Financial reported a quarterly earnings per share of $2.78, exceeding analysts' expectations by $0.19 and posting revenues of $670.78 million for the quarter.
• Recently, Wintrust declared a $0.50 quarterly dividend per share, representing an annual yield of 1.6% and a dividend payout ratio of 18.92%.

Aberdeen Group plc raised its holdings in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 7.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 487,770 shares of the bank's stock after purchasing an additional 34,327 shares during the quarter. Aberdeen Group plc owned 0.73% of Wintrust Financial worth $60,474,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Maseco LLP bought a new position in shares of Wintrust Financial in the 2nd quarter valued at $25,000. Park Place Capital Corp lifted its stake in shares of Wintrust Financial by 1,264.7% in the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank's stock valued at $26,000 after acquiring an additional 215 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial in the 1st quarter valued at $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Wintrust Financial by 52.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank's stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Finally, REAP Financial Group LLC lifted its stake in shares of Wintrust Financial by 196.0% in the 2nd quarter. REAP Financial Group LLC now owns 296 shares of the bank's stock valued at $37,000 after acquiring an additional 196 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $125.51 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $132.23 and a two-hundred day moving average price of $123.29. Wintrust Financial Corporation has a 1-year low of $89.10 and a 1-year high of $142.04. The company has a market cap of $8.40 billion, a P/E ratio of 11.87 and a beta of 0.83.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.19. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%.The firm had revenue of $670.78 million during the quarter, compared to the consensus estimate of $661.43 million. During the same period last year, the business posted $2.32 EPS. As a group, analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, August 7th. Wintrust Financial's dividend payout ratio (DPR) is presently 18.92%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Cowen assumed coverage on Wintrust Financial in a research note on Wednesday, September 24th. They issued a "buy" rating for the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Wintrust Financial in a research report on Wednesday. Piper Sandler reaffirmed an "overweight" rating and set a $160.00 target price (up from $141.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods raised their target price on Wintrust Financial from $130.00 to $138.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 23rd. Finally, DA Davidson raised their target price on Wintrust Financial from $135.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.57.

Insider Transactions at Wintrust Financial

In other news, COO David A. Dykstra sold 14,942 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total value of $1,965,321.26. Following the completion of the sale, the chief operating officer directly owned 182,208 shares in the company, valued at $23,965,818.24. This trade represents a 7.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Edward J. Wehmer bought 3,919 shares of Wintrust Financial stock in a transaction dated Friday, July 25th. The stock was purchased at an average price of $26.35 per share, with a total value of $103,265.65. Following the completion of the purchase, the insider owned 3,919 shares in the company, valued at $103,265.65. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.01% of the company's stock.

Wintrust Financial Company 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.

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