Amundi Has $740,000 Stock Holdings in Wintrust Financial Corporation $WTFC

Key Points

• Amundi cut its Wintrust Financial stake by 95.9% in the second quarter, selling 106,853 shares and retaining 4,605 shares valued at approximately $740,000. Institutional investors collectively own 93.48% of the company.
• Analysts maintain a generally positive view of Wintrust Financial, with a consensus rating of “Moderate Buy” and an average price target of $177.77. Recent targets ranged from $170 to $192.
• Wintrust exceeded quarterly expectations, reporting $3.30 in earnings per share and $738.63 million in revenue, while revenue rose 10.1% year over year. The company also pays a quarterly dividend of $0.55, representing a 1.5% annualized yield.

Amundi cut its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 95.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,605 shares of the bank's stock after selling 106,853 shares during the period. Amundi's holdings in Wintrust Financial were worth $740,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. HighTower Advisors LLC increased its holdings in Wintrust Financial by 90.4% in the second quarter. HighTower Advisors LLC now owns 36,483 shares of the bank's stock valued at $5,864,000 after purchasing an additional 17,325 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Wintrust Financial during the 2nd quarter worth about $1,389,000. Wedmont Private Capital acquired a new position in Wintrust Financial during the 2nd quarter worth about $231,000. HB Wealth Management LLC lifted its holdings in Wintrust Financial by 4.6% during the 2nd quarter. HB Wealth Management LLC now owns 2,072 shares of the bank's stock worth $333,000 after buying an additional 91 shares during the period. Finally, Strive Financial Group LLC grew its position in shares of Wintrust Financial by 374.8% in the 2nd quarter. Strive Financial Group LLC now owns 1,510 shares of the bank's stock valued at $243,000 after buying an additional 1,192 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WTFC. UBS Group reissued a "neutral" rating and issued a $170.00 price target on shares of Wintrust Financial in a research note on Tuesday, July 7th. Barclays lifted their price objective on Wintrust Financial from $190.00 to $192.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Wintrust Financial in a report on Monday, June 29th. Brean Capital downgraded shares of Wintrust Financial from a "buy" rating to a "neutral" rating and set a $170.00 target price for the company. in a research report on Tuesday, July 21st. Finally, Capital One Financial set a $170.00 price target on shares of Wintrust Financial in a report on Tuesday, July 21st. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $177.77.

Insider Activity at Wintrust Financial

In related news, COO David Dykstra sold 13,515 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the transaction, the chief operating officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.24% of the stock is currently owned by corporate insiders.

Wintrust Financial Trading Down 0.3%

NASDAQ WTFC opened at $151.47 on Wednesday. The business has a 50 day simple moving average of $157.42 and a 200 day simple moving average of $151.03. Wintrust Financial Corporation has a one year low of $119.61 and a one year high of $167.21. The stock has a market capitalization of $10.22 billion, a P/E ratio of 12.17 and a beta of 0.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97.

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

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a $0.55 dividend. The ex-dividend date was Thursday, August 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Wintrust Financial's dividend payout ratio (DPR) is currently 17.67%.

Wintrust Financial Company Profile

Wintrust Financial Corporation NASDAQ: WTFC is a financial services company and bank holding company headquartered in Rosemont, Illinois. Founded in 1991, the company operates a network of community banks that serve individuals, families, businesses and institutions.

Wintrust's banking operations provide deposit accounts, commercial and consumer lending, mortgage financing, treasury management, payment services and other traditional banking products. Through specialized subsidiaries and affiliated businesses, the company also offers wealth management, investment services, insurance premium financing, equipment leasing and related financial solutions.

The company primarily serves communities in the greater Chicago metropolitan area and has expanded its banking presence into surrounding Midwestern markets, including parts of Wisconsin and Indiana.

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