Northwestern Mutual Wealth Management Co. Takes Position in Wintrust Financial Corporation $WTFC

Key Points

• Northwestern Mutual Wealth Management acquired 8,184 Wintrust Financial shares worth approximately $1.315 million during the second quarter. Institutional investors collectively own 93.48% of WTFC, with BlackRock holding a newly acquired position valued at over $1 billion.
• Wintrust reported stronger-than-expected quarterly results, with EPS of $3.30 versus the $3.15 consensus estimate and revenue of $738.63 million, up 10.1% year over year.
• Analysts maintain a generally positive outlook, giving WTFC a consensus “Moderate Buy” rating and an average price target of $177.77 versus the reported share price of $151.09. The company also pays a quarterly dividend of $0.55 per share, yielding about 1.5%.

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,184 shares of the bank's stock, valued at approximately $1,315,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Wintrust Financial in the 2nd quarter valued at $1,058,088,000. Norges Bank purchased a new stake in shares of Wintrust Financial during the 4th quarter valued at $111,924,000. Wellington Management Group LLP bought a new stake in shares of Wintrust Financial during the 3rd quarter worth $90,187,000. Bank of New York Mellon Corp bought a new stake in shares of Wintrust Financial during the 2nd quarter worth $92,391,000. Finally, Artemis Investment Management LLP purchased a new position in shares of Wintrust Financial in the 4th quarter worth about $59,287,000. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Stock Down 0.6%

Shares of NASDAQ WTFC opened at $151.09 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a market capitalization of $10.19 billion, a PE ratio of 12.14 and a beta of 0.85. Wintrust Financial Corporation has a one year low of $119.61 and a one year high of $167.21. The business's fifty day moving average price is $159.57 and its 200-day moving average price is $151.26.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.15. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The company had revenue of $738.63 million during the quarter, compared to analyst estimates of $735.36 million. During the same quarter last year, the firm posted $2.78 EPS. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities research analysts anticipate that Wintrust Financial Corporation will post 13.04 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently announced 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 1.5%. The ex-dividend date was Thursday, August 6th. Wintrust Financial's dividend payout ratio (DPR) is currently 17.67%.

Insider Activity

In other news, COO David A. Dykstra sold 13,515 shares of the business's stock in a transaction that occurred 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WTFC. Barclays increased their price target on shares of Wintrust Financial from $190.00 to $192.00 and gave the company an "overweight" rating in a research report on Tuesday, July 7th. Brean Capital lowered shares of Wintrust Financial from a "buy" rating to a "neutral" rating and set a $170.00 price objective on the stock. in a research report on Tuesday, July 21st. Piper Sandler set a $186.00 target price on shares of Wintrust Financial in a research note on Wednesday, July 22nd. TD Cowen reduced their target price on shares of Wintrust Financial from $184.00 to $183.00 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. Finally, Truist Financial raised their price target on shares of Wintrust Financial from $170.00 to $183.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Wintrust Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $177.77.

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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