Voya Investment Management LLC Sells 2,414 Shares of Wintrust Financial Corporation $WTFC

Key Points

• Voya Investment Management LLC reduced its stake in Wintrust Financial Corporation by 23% in Q1, selling 2,414 shares and retaining 8,101 shares valued at approximately $911,000.
• Wintrust Financial announced a quarterly dividend of $0.50 per share, indicating a dividend yield of 1.5% and a payout ratio of 18.92%.
• Multiple analysts have upgraded Wintrust Financial's stock rating recently, with a consensus price target now set at $147.31, reflecting a positive outlook for the company.

Voya Investment Management LLC trimmed its position in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 23.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 8,101 shares of the bank's stock after selling 2,414 shares during the period. Voya Investment Management LLC's holdings in Wintrust Financial were worth $911,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Inspire Investing LLC boosted its position in Wintrust Financial by 591.8% in the 1st quarter. Inspire Investing LLC now owns 22,254 shares of the bank's stock valued at $2,503,000 after buying an additional 19,037 shares during the last quarter. Strs Ohio bought a new position in shares of Wintrust Financial in the 1st quarter worth $11,793,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Wintrust Financial by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank's stock worth $20,179,000 after purchasing an additional 12,103 shares during the last quarter. United Services Automobile Association bought a new position in shares of Wintrust Financial in the 1st quarter worth $478,000. Finally, Jones Financial Companies Lllp boosted its position in shares of Wintrust Financial by 49.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank's stock worth $115,000 after purchasing an additional 335 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Stock Performance

WTFC opened at $131.73 on Thursday. The business's 50-day moving average price is $132.27 and its two-hundred day moving average price is $121.61. Wintrust Financial Corporation has a 1 year low of $89.10 and a 1 year high of $142.04. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of 12.46 and a beta of 0.87. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01.

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

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were paid 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 currently 18.92%.

Analyst Upgrades and Downgrades

WTFC has been the topic of several recent research reports. Piper Sandler restated an "overweight" rating and issued a $160.00 price target (up from $141.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Wall Street Zen upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. DA Davidson raised their price target on Wintrust Financial from $135.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Truist Financial raised their price target on Wintrust Financial from $137.00 to $151.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Jefferies Financial Group raised their price target on Wintrust Financial from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Wintrust Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.31.

Insider Activity

In other Wintrust Financial news, COO David A. Dykstra sold 14,942 shares of Wintrust Financial stock in a transaction dated 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 owned 182,208 shares of the company's stock, valued at $23,965,818.24. This trade represents a 7.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Edward J. Wehmer bought 3,919 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was bought at an average cost of $26.35 per share, for a total transaction of $103,265.65. Following the transaction, the insider owned 3,919 shares of the company's stock, valued at $103,265.65. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.01% of the company's stock.

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.

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