Alberta Investment Management Corp Takes Position in Wintrust Financial Corporation $WTFC

Key Points

• Alberta Investment Management Corp. initiated a 28,000-share position in Wintrust Financial during the second quarter, valued at approximately $4.5 million. Institutional investors own 93.48% of the company.
• Wintrust reported strong quarterly results, with EPS of $3.30 exceeding estimates of $3.15 and revenue rising 10.1% year over year to $738.63 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $177.77.
• Shares opened at $160.96, while the company declared a quarterly dividend of $0.55 per share, equivalent to a 1.4% annualized yield. Separately, COO David Dykstra sold 13,515 shares worth about $2.2 million.

Alberta Investment Management Corp purchased a new stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,000 shares of the bank's stock, valued at approximately $4,500,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial during the first quarter valued at $27,000. Elyxium Wealth LLC bought a new stake in Wintrust Financial in the 4th quarter worth about $31,000. Creative Financial Designs Inc. ADV raised its position in Wintrust Financial by 231.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank's stock worth $32,000 after buying an additional 160 shares during the last quarter. Harbour Investments Inc. raised its position in Wintrust Financial by 72.7% in the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank's stock worth $34,000 after buying an additional 101 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in Wintrust Financial in the 1st quarter worth about $35,000. 93.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Wintrust Financial

In related news, COO David A. Dykstra sold 13,515 shares of the company's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the transaction, the chief operating officer owned 166,449 shares of the company's stock, valued at approximately $27,092,903.73. This represents a 7.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.24% of the company's stock.

Analyst Ratings Changes

WTFC has been the topic of a number of recent analyst reports. UBS Group reaffirmed a "neutral" rating and set a $170.00 price target on shares of Wintrust Financial in a report on Tuesday, July 7th. DA Davidson boosted their price objective on shares of Wintrust Financial from $185.00 to $190.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. TD Cowen lowered their price objective on shares of Wintrust Financial from $184.00 to $183.00 and set a "buy" rating on the stock in a research report on Wednesday, July 22nd. Capital One Financial set a $170.00 target price on shares of Wintrust Financial in a report on Tuesday, July 21st. Finally, Citigroup downgraded shares of Wintrust Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, July 21st. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $177.77.

Wintrust Financial Stock Down 0.9%

WTFC stock opened at $160.96 on Tuesday. The business's 50-day moving average price is $159.94 and its 200-day moving average price is $151.14. The stock has a market cap of $10.86 billion, a P/E ratio of 12.93 and a beta of 0.85. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. Wintrust Financial Corporation has a twelve month low of $119.61 and a twelve month high of $167.21.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its earnings results on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The company had revenue of $738.63 million during the quarter, compared to analyst estimates of $735.36 million. During the same period in the prior year, the firm posted $2.78 EPS. The firm's quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Wintrust Financial Corporation will post 13.04 EPS for the current year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 6th. Wintrust Financial's dividend payout ratio (DPR) is presently 17.67%.

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.

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