Access Investment Management LLC Takes $1.62 Million Position in Wintrust Financial Co. (NASDAQ:WTFC)

Access Investment Management LLC acquired a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,505 shares of the bank's stock, valued at approximately $1,624,000.

Several other large investors have also added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of Wintrust Financial by 11.5% in the third quarter. FMR LLC now owns 4,651,381 shares of the bank's stock worth $351,179,000 after buying an additional 480,942 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Wintrust Financial by 4.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,843,679 shares of the bank's stock valued at $171,001,000 after purchasing an additional 79,672 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in shares of Wintrust Financial by 21.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,172,242 shares of the bank's stock valued at $88,504,000 after purchasing an additional 207,606 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Wintrust Financial by 1.5% in the fourth quarter. Federated Hermes Inc. now owns 788,615 shares of the bank's stock worth $73,144,000 after purchasing an additional 11,969 shares during the period. Finally, Invesco Ltd. boosted its stake in Wintrust Financial by 60.4% during the third quarter. Invesco Ltd. now owns 716,253 shares of the bank's stock valued at $54,077,000 after buying an additional 269,731 shares during the period. Institutional investors own 93.48% of the company's stock.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the firm's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the sale, the insider now owns 177,124 shares of the company's stock, valued at approximately $17,599,040.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.47% of the stock is currently owned by company insiders.

Wintrust Financial Trading Up 1.0 %

NASDAQ WTFC traded up $0.97 during trading on Friday, hitting $101.70. 219,294 shares of the company's stock traded hands, compared to its average volume of 375,775. The stock has a fifty day moving average of $99.18 and a two-hundred day moving average of $93.46. Wintrust Financial Co. has a 12-month low of $59.85 and a 12-month high of $105.29. The firm has a market cap of $6.28 billion, a P/E ratio of 10.52 and a beta of 1.21. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.47. The company had revenue of $604.77 million during the quarter, compared to analysts' expectations of $577.80 million. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. Wintrust Financial's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.80 EPS. As a group, sell-side analysts expect that Wintrust Financial Co. will post 10.17 EPS for the current year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Wednesday, May 8th. Wintrust Financial's payout ratio is 18.61%.

Analyst Ratings Changes

Several research firms have weighed in on WTFC. Citigroup lowered their price target on Wintrust Financial from $115.00 to $113.00 and set a "buy" rating on the stock in a report on Monday, April 22nd. Barclays dropped their target price on shares of Wintrust Financial from $135.00 to $130.00 and set an "overweight" rating for the company in a research report on Friday, April 19th. Keefe, Bruyette & Woods increased their price target on shares of Wintrust Financial from $103.00 to $106.00 and gave the stock an "outperform" rating in a report on Friday, January 19th. Truist Financial dropped their price objective on shares of Wintrust Financial from $117.00 to $112.00 and set a "buy" rating for the company in a report on Monday, April 22nd. Finally, Royal Bank of Canada upped their target price on shares of Wintrust Financial from $109.00 to $116.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $112.33.

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.