Canada Pension Plan Investment Board Buys New Holdings in Wintrust Financial Corporation $WTFC

Key Points

• Canada Pension Plan Investment Board acquired 34,500 shares of Wintrust Financial in the second quarter, worth approximately $5.5 million. Institutional investors collectively own 93.48% of the company.
• Wintrust Financial exceeded quarterly expectations, reporting $3.30 EPS versus the $3.15 estimate and revenue of $738.63 million, up 10.1% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $177.77, compared with the stock’s reported price of $152.95.

Canada Pension Plan Investment Board bought a new position in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 34,500 shares of the bank's stock, valued at approximately $5,545,000. Canada Pension Plan Investment Board owned 0.05% of Wintrust Financial at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Deutsche Bank AG acquired a new position in Wintrust Financial in the second quarter worth about $8,320,000. Simplicity Wealth LLC acquired a new stake in Wintrust Financial during the second quarter valued at approximately $866,000. GSA Capital Partners LLP acquired a new stake in Wintrust Financial during the second quarter valued at approximately $1,437,000. Advisors Capital Management LLC bought a new stake in shares of Wintrust Financial in the 2nd quarter valued at approximately $3,320,000. Finally, F m Investments LLC grew its stake in shares of Wintrust Financial by 61.6% in the 4th quarter. F m Investments LLC now owns 70,857 shares of the bank's stock valued at $9,907,000 after purchasing an additional 27,013 shares during the period. Institutional investors and hedge funds own 93.48% of the company's stock.

Insider Activity at Wintrust Financial

In other news, COO David A. Dykstra sold 13,515 shares of the firm's stock in a transaction on 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 completion of the sale, the chief operating officer directly owned 166,449 shares in the company, valued at approximately $27,092,903.73. This trade represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.24% of the company's stock.

Wintrust Financial Price Performance

Shares of WTFC opened at $152.95 on Monday. The company has a market capitalization of $10.32 billion, a P/E ratio of 12.29 and a beta of 0.85. 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 Corporation has a one year low of $119.61 and a one year high of $167.21. The business's 50 day simple moving average is $159.51 and its 200-day simple moving average is $151.12.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $735.36 million. During the same period last year, the firm posted $2.78 EPS. The business's revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts predict that Wintrust Financial Corporation will post 13.04 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were issued 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 was Thursday, August 6th. Wintrust Financial's dividend payout ratio is presently 17.67%.

Analysts Set New Price Targets

Several equities analysts recently commented on WTFC shares. UBS Group restated a "neutral" rating and set a $170.00 target price on shares of Wintrust Financial in a research report on Tuesday, July 7th. Piper Sandler set a $186.00 price target on Wintrust Financial in a research report on Wednesday, July 22nd. Capital One Financial set a $170.00 price objective on Wintrust Financial in a research note on Tuesday, July 21st. Truist Financial lifted their price objective on Wintrust Financial from $170.00 to $183.00 and gave the company a "buy" rating in a report on Friday, July 10th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Wintrust Financial in a research note on Monday, June 29th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $177.77.

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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