Millennium Management LLC Has $66.88 Million Stock Position in Wintrust Financial Corporation $WTFC

Millennium Management LLC grew its holdings in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 539.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 594,711 shares of the bank's stock after purchasing an additional 501,669 shares during the period. Millennium Management LLC owned approximately 0.89% of Wintrust Financial worth $66,881,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WTFC. Envestnet Asset Management Inc. boosted its stake in Wintrust Financial by 43.3% in the first quarter. Envestnet Asset Management Inc. now owns 349,983 shares of the bank's stock valued at $39,359,000 after buying an additional 105,754 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Wintrust Financial by 7.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the bank's stock worth $273,000 after acquiring an additional 165 shares during the last quarter. Capstone Financial Advisors Inc. acquired a new stake in shares of Wintrust Financial in the 1st quarter valued at approximately $297,000. Cetera Investment Advisers grew its holdings in shares of Wintrust Financial by 24.5% during the 1st quarter. Cetera Investment Advisers now owns 19,663 shares of the bank's stock valued at $2,211,000 after purchasing an additional 3,873 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in Wintrust Financial by 87.9% during the 1st quarter. Fifth Third Bancorp now owns 25,049 shares of the bank's stock worth $2,817,000 after purchasing an additional 11,719 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

Analyst Ratings Changes

WTFC has been the subject of several research reports. DA Davidson increased their price objective on shares of Wintrust Financial from $135.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group upped their price target on shares of Wintrust Financial from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Piper Sandler reiterated an "overweight" rating and issued a $160.00 price target (up from $141.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Royal Bank Of Canada raised their price objective on Wintrust Financial from $137.00 to $158.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and issued a $157.00 target price (up previously from $155.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.31.

Wintrust Financial Trading Down 0.7%

NASDAQ:WTFC traded down $0.90 on Wednesday, reaching $137.01. 477,081 shares of the stock traded hands, compared to its average volume of 354,060. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. Wintrust Financial Corporation has a 1-year low of $89.10 and a 1-year high of $142.04. The company's 50 day moving average is $131.75 and its 200-day moving average is $120.61. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 12.96 and a beta of 0.87.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The bank reported $2.78 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.19. The company had revenue of $670.78 million for the quarter, compared to analyst estimates of $661.43 million. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. During the same period in the prior year, the firm posted $2.32 EPS. Equities research analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.00 annualized dividend and a dividend yield of 1.5%. Wintrust Financial's dividend payout ratio (DPR) is 18.92%.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, insider Edward J. Wehmer bought 3,919 shares of the business's stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average price of $26.35 per share, for a total transaction of $103,265.65. Following the transaction, the insider directly owned 3,919 shares in the company, valued at approximately $103,265.65. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David A. Dykstra sold 14,942 shares of the firm's stock in a transaction that occurred on 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 sale, 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 owned by insiders.

Wintrust Financial Profile

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.