Jupiter Topco LLC purchased a new position in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 576,999 shares of the bank's stock, valued at approximately $92,734,000. Jupiter Topco LLC owned about 0.86% of Wintrust Financial at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Parallel Advisors LLC raised its position in Wintrust Financial by 7.7% during the first quarter. Parallel Advisors LLC now owns 976 shares of the bank's stock valued at $136,000 after purchasing an additional 70 shares in the last quarter. MeadowBrook Investment Advisors LLC boosted its stake in Wintrust Financial by 3.0% in the first quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank's stock worth $354,000 after buying an additional 75 shares in the last quarter. Quadrant Capital Group LLC grew its position in Wintrust Financial by 0.9% during the fourth quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank's stock valued at $1,246,000 after acquiring an additional 83 shares during the last quarter. Cresset Asset Management LLC raised its stake in shares of Wintrust Financial by 2.4% during the third quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank's stock worth $494,000 after acquiring an additional 88 shares in the last quarter. Finally, Compound Planning Inc. lifted its holdings in shares of Wintrust Financial by 5.3% in the 1st quarter. Compound Planning Inc. now owns 1,868 shares of the bank's stock worth $260,000 after acquiring an additional 94 shares during the last quarter. 93.48% of the stock is owned by institutional investors.
Insider Transactions at Wintrust Financial
In other Wintrust Financial 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 directly owned 166,449 shares in the company, valued at approximately $27,092,903.73. This represents a 7.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.24% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on WTFC. Citigroup cut Wintrust Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, July 21st. TD Cowen lowered their price objective on Wintrust Financial from $184.00 to $183.00 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. Truist Financial raised their target price on shares of Wintrust Financial from $170.00 to $183.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Wintrust Financial in a research note on Monday, June 29th. Finally, DA Davidson upped their price target 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. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $177.77.
View Our Latest Report on Wintrust Financial
Wintrust Financial Trading Up 1.3%
NASDAQ WTFC opened at $153.10 on Thursday. Wintrust Financial Corporation has a fifty-two week low of $119.61 and a fifty-two week high of $167.21. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. The stock has a 50 day simple moving average of $159.56 and a two-hundred day simple moving average of $151.22. The stock has a market cap of $10.33 billion, a P/E ratio of 12.30 and a beta of 0.85.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its earnings results on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.15. The firm had revenue of $738.63 million for the quarter, compared to analysts' expectations of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The business's revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.78 earnings per share. On average, analysts forecast that Wintrust Financial Corporation will post 13.04 earnings per share for the current year.
Wintrust Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, August 6th. Wintrust Financial's payout ratio is presently 17.67%.
About Wintrust Financial
(
Free Report)
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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