United Services Automobile Association Makes New $478,000 Investment in Wintrust Financial Corporation $WTFC

Key Points

• United Services Automobile Association has made a new investment in Wintrust Financial Corporation, acquiring 4,264 shares valued at approximately $478,000 during the first quarter.
• Wintrust Financial reported a quarterly earnings per share (EPS) of $2.78, exceeding analysts' expectations and reflecting a net margin of 18.06% with revenue of $670.78 million.
• The company declared a quarterly dividend of $0.50, representing a 1.5% yield, with a low payout ratio of 18.92%.

United Services Automobile Association acquired a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,264 shares of the bank's stock, valued at approximately $478,000.

Other institutional investors also recently modified their holdings of the company. Park Place Capital Corp boosted its stake in shares of Wintrust Financial by 1,264.7% during the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank's stock valued at $26,000 after buying an additional 215 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of Wintrust Financial during the 1st quarter valued at $27,000. AlphaQuest LLC acquired a new stake in shares of Wintrust Financial during the 1st quarter valued at $33,000. Wayfinding Financial LLC acquired a new stake in shares of Wintrust Financial during the 1st quarter valued at $36,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Wintrust Financial during the 1st quarter valued at $38,000. Institutional investors and hedge funds own 93.48% of the company's stock.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $137.01 on Thursday. The firm's 50-day moving average is $131.75 and its 200-day moving average is $120.61. Wintrust Financial Corporation has a 52-week low of $89.10 and a 52-week high of $142.04. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.19. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. The company had revenue of $670.78 million for the quarter, compared to the consensus estimate of $661.43 million. During the same quarter in the previous year, the firm posted $2.32 EPS. Equities research analysts anticipate that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WTFC shares. Piper Sandler reissued an "overweight" rating and set a $160.00 target price (up previously from $141.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their price objective on shares of Wintrust Financial from $130.00 to $138.00 and gave the company a "market perform" rating in a research note on Wednesday, July 23rd. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $157.00 price objective (up previously from $155.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Jefferies Financial Group lifted their price objective on shares of Wintrust Financial from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. One investment 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $147.31.

Insider Activity

In related news, COO David A. Dykstra sold 14,942 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $131.53, for a total value of $1,965,321.26. Following the completion of the transaction, the chief operating officer owned 182,208 shares of the company's stock, valued at $23,965,818.24. This represents a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edward J. Wehmer purchased 3,919 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was acquired at an average cost of $26.35 per share, with a total value of $103,265.65. Following the transaction, the insider directly owned 3,919 shares of the company's stock, valued at approximately $103,265.65. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.01% of the company's stock.

Wintrust Financial Company 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.

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