Wintrust Financial Corporation $WTFC Shares Acquired by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group nearly doubled its Wintrust Financial stake in the second quarter, acquiring 169,466 additional shares and bringing its holdings to 345,491 shares worth approximately $55.5 million.
• Analysts maintain a generally positive outlook, with nine Buy ratings and four Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $177.77.
• Wintrust exceeded quarterly earnings and revenue expectations, reporting $3.30 in EPS and $738.63 million in revenue, while year-over-year revenue increased 10.1%; the company also pays a quarterly dividend of $0.55 per share.

Alyeska Investment Group L.P. boosted its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 96.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 345,491 shares of the bank's stock after purchasing an additional 169,466 shares during the period. Alyeska Investment Group L.P. owned approximately 0.51% of Wintrust Financial worth $55,527,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of WTFC. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Wintrust Financial during the second quarter worth about $27,000. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial during the 1st quarter worth approximately $27,000. Elyxium Wealth LLC purchased a new position in shares of Wintrust Financial in the 4th quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV grew its stake in shares of Wintrust Financial by 231.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank's stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of Wintrust Financial by 72.7% in the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank's stock valued at $34,000 after purchasing an additional 101 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barclays increased their price target on Wintrust Financial from $190.00 to $192.00 and gave the stock an "overweight" rating in a report on Tuesday, July 7th. DA Davidson upped their price objective on shares of Wintrust Financial from $185.00 to $190.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. UBS Group restated a "neutral" rating and issued a $170.00 target price on shares of Wintrust Financial in a research note on Tuesday, July 7th. Brean Capital downgraded shares of Wintrust Financial from a "buy" rating to a "neutral" rating and set a $170.00 target price on the stock. in a report on Tuesday, July 21st. Finally, Capital One Financial set a $170.00 price target on shares of Wintrust Financial in a research note on Tuesday, July 21st. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $177.77.

Insider Activity at Wintrust Financial

In other news, COO David A. Dykstra sold 13,515 shares of the firm'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 transaction of $2,199,836.55. Following the completion of the transaction, the chief operating officer directly owned 166,449 shares of the company's stock, valued at $27,092,903.73. This trade represents a 7.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.24% of the stock is owned by corporate insiders.

Wintrust Financial Stock Performance

WTFC opened at $152.95 on Monday. The stock's 50 day simple moving average is $159.51 and its 200 day simple moving average is $151.12. The stock has a market cap of $10.32 billion, a P/E ratio of 12.29 and a beta of 0.85. Wintrust Financial Corporation has a 1-year low of $119.61 and a 1-year high of $167.21. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, beating analysts' consensus estimates of $3.15 by $0.15. The business had revenue of $738.63 million during 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 for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $2.78 earnings per share. As a group, equities analysts anticipate that Wintrust Financial Corporation will post 13.04 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were given a $0.55 dividend. The ex-dividend date was Thursday, August 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Wintrust Financial's dividend payout ratio is currently 17.67%.

Wintrust Financial Company Profile

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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