Junto Capital Management LP Reduces Position in Wintrust Financial Corporation $WTFC

Key Points

• Junto Capital Management reduced its Wintrust Financial position by 17.9% in the second quarter, selling 64,007 shares and retaining 292,590 shares worth approximately $47.0 million. Institutional investors collectively own 93.48% of the stock.
• Analysts maintain a generally positive view, with nine Buy ratings and four Holds producing a consensus “Moderate Buy” rating and an average price target of $177.77. Price targets from individual firms range from $170 to $190.
• Wintrust exceeded quarterly expectations, reporting $3.30 in earnings per share versus the $3.15 consensus and revenue of $738.63 million. The company also declared a quarterly dividend of $0.55 per share, representing a 1.5% yield.

Junto Capital Management LP decreased its position in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 17.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 292,590 shares of the bank's stock after selling 64,007 shares during the period. Junto Capital Management LP owned about 0.43% of Wintrust Financial worth $47,025,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Wintrust Financial during the 2nd quarter valued at $27,000. Advisors Asset Management Inc. purchased a new position in shares of Wintrust Financial in the first quarter valued at about $27,000. Elyxium Wealth LLC purchased a new position in shares of Wintrust Financial in the fourth quarter valued at about $31,000. Creative Financial Designs Inc. ADV raised its stake in shares of Wintrust Financial by 231.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank's stock valued at $32,000 after acquiring an additional 160 shares during the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of Wintrust Financial by 72.7% during the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank's stock worth $34,000 after purchasing an additional 101 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on WTFC. Piper Sandler set a $186.00 price target on Wintrust Financial in a research report on Wednesday, July 22nd. Raymond James Financial began coverage on Wintrust Financial in a research note on Tuesday, July 7th. They issued an "outperform" rating and a $180.00 price target for the company. Capital One Financial set a $170.00 price target on shares of Wintrust Financial in a report on Tuesday, July 21st. DA Davidson upped their price objective on shares of Wintrust Financial from $185.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Finally, Citigroup cut shares of Wintrust Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, July 21st. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $177.77.

Wintrust Financial Stock Performance

Shares of WTFC opened at $150.55 on Thursday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The stock has a market cap of $10.16 billion, a P/E ratio of 12.09 and a beta of 0.84. The business's 50 day moving average price is $158.23 and its 200-day moving average price is $151.02. Wintrust Financial Corporation has a 52 week low of $119.61 and a 52 week high of $167.21.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $738.63 million during the quarter, compared to analyst estimates of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The firm's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned $2.78 EPS. Equities research analysts anticipate that Wintrust Financial Corporation will post 13.04 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently declared 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. 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 presently 17.67%.

Insider Activity

In other news, COO David Dykstra sold 13,515 shares of Wintrust Financial stock in a transaction dated 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 transaction, the chief operating officer owned 166,449 shares of the company's stock, valued at $27,092,903.73. The trade was a 7.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.24% of the stock is currently owned by corporate insiders.

About Wintrust Financial

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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