XTX Topco Ltd Lowers Holdings in Wintrust Financial Corporation (NASDAQ:WTFC)

Key Points

• XTX Topco Ltd reduced its stake in Wintrust Financial Corporation by 60.5%, selling 3,593 shares and holding a total of 2,344 shares valued at $264,000 at the end of the last quarter.
• Analysts have set diverse price targets for Wintrust Financial, with the average target being $145.77, and most analysts giving the stock a consensus rating of "Moderate Buy".
• Wintrust Financial's recent earnings report showed a profit of $2.78 per share, surpassing analyst estimates and indicating a return on equity of 12.08% along with a net margin of 18.06%.

XTX Topco Ltd cut its position in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 60.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,344 shares of the bank's stock after selling 3,593 shares during the period. XTX Topco Ltd's holdings in Wintrust Financial were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of the business. CHICAGO TRUST Co NA raised its holdings in Wintrust Financial by 0.5% during the 1st quarter. CHICAGO TRUST Co NA now owns 19,896 shares of the bank's stock valued at $2,238,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System raised its holdings in Wintrust Financial by 0.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the bank's stock valued at $2,092,000 after buying an additional 100 shares during the period. Securian Asset Management Inc. raised its holdings in Wintrust Financial by 2.0% during the 1st quarter. Securian Asset Management Inc. now owns 5,098 shares of the bank's stock valued at $573,000 after buying an additional 100 shares during the period. Xponance Inc. raised its holdings in Wintrust Financial by 1.6% during the 1st quarter. Xponance Inc. now owns 7,646 shares of the bank's stock valued at $860,000 after buying an additional 123 shares during the period. Finally, Crossmark Global Holdings Inc. raised its holdings in Wintrust Financial by 2.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 5,823 shares of the bank's stock valued at $655,000 after buying an additional 147 shares during the period. Hedge funds and other institutional investors own 93.48% of the company's stock.

Wintrust Financial Trading Up 0.9%

WTFC traded up $1.11 during trading on Wednesday, hitting $128.45. 440,752 shares of the stock were exchanged, compared to its average volume of 459,794. The firm has a 50 day simple moving average of $126.63 and a 200 day simple moving average of $119.99. The firm has a market cap of $8.60 billion, a price-to-earnings ratio of 12.15 and a beta of 0.85. Wintrust Financial Corporation has a 1 year low of $89.10 and a 1 year 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.

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

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.6%. Wintrust Financial's dividend payout ratio (DPR) is currently 18.92%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Piper Sandler restated an "overweight" rating and set a $160.00 price target (up previously from $141.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. Stephens dropped their price objective on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Truist Financial boosted their price objective on Wintrust Financial from $137.00 to $151.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Jefferies Financial Group set a $145.00 price objective on Wintrust Financial and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Wall Street Zen upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Wintrust Financial presently has an average rating of "Moderate Buy" and a consensus target price of $145.77.

About Wintrust Financial

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.