Invesco Ltd. Has $126.94 Million Stock Holdings in Wintrust Financial Corporation (NASDAQ:WTFC)

Invesco Ltd. lifted its holdings in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,128,724 shares of the bank's stock after buying an additional 30,018 shares during the period. Invesco Ltd. owned about 1.69% of Wintrust Financial worth $126,936,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WTFC. Park Place Capital Corp boosted its position in shares of Wintrust Financial by 1,264.7% in the first quarter. Park Place Capital Corp now owns 232 shares of the bank's stock worth $26,000 after buying an additional 215 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Wintrust Financial in the first quarter worth $36,000. Opal Wealth Advisors LLC acquired a new stake in shares of Wintrust Financial in the first quarter worth $38,000. Parallel Advisors LLC boosted its position in Wintrust Financial by 33.9% during the first quarter. Parallel Advisors LLC now owns 593 shares of the bank's stock valued at $67,000 after purchasing an additional 150 shares during the last quarter. Finally, Quarry LP acquired a new stake in Wintrust Financial during the fourth quarter valued at $78,000. Institutional investors and hedge funds own 93.48% of the company's stock.

Insider Activity

In other Wintrust Financial news, insider Edward J. Wehmer acquired 3,919 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was acquired at an average price of $26.35 per share, with a total value of $103,265.65. Following the transaction, the insider owned 3,919 shares of the company's stock, valued at approximately $103,265.65. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO David A. Dykstra sold 14,942 shares of the business'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 transaction, the chief operating officer directly owned 182,208 shares of the company's stock, valued at $23,965,818.24. This represents a 7.58% decrease in their position. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by insiders.

Wintrust Financial Price Performance

NASDAQ WTFC opened at $127.88 on Friday. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $142.04. The stock's 50-day moving average is $126.81 and its two-hundred day moving average is $119.97. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $8.56 billion, a P/E ratio of 12.10 and a beta of 0.85.

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

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, August 7th. Wintrust Financial's payout ratio is currently 18.92%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WTFC shares. Raymond James Financial reissued a "strong-buy" rating and set a $157.00 price objective (up previously from $155.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Hovde Group lifted their price objective on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada lifted their price objective on Wintrust Financial from $137.00 to $158.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Jefferies Financial Group set a $145.00 price objective on Wintrust Financial and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods lifted their price objective on Wintrust Financial from $130.00 to $138.00 and gave the company a "market perform" rating in a research report on Wednesday, July 23rd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $145.77.

About Wintrust Financial

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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