Wintrust Financial Co. (NASDAQ:WTFC) Shares Acquired by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 3.9% in the 4th quarter, HoldingsChannel reports. The firm owned 3,599 shares of the bank’s stock after acquiring an additional 134 shares during the quarter. Quadrant Capital Group LLC’s holdings in Wintrust Financial were worth $449,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Wintrust Financial by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 6,911,488 shares of the bank’s stock worth $861,932,000 after purchasing an additional 58,162 shares during the period. State Street Corp boosted its position in shares of Wintrust Financial by 5.1% in the third quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock worth $285,169,000 after buying an additional 126,724 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Wintrust Financial by 11.3% during the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock valued at $141,981,000 after buying an additional 133,311 shares in the last quarter. Geode Capital Management LLC raised its position in Wintrust Financial by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,165,898 shares of the bank’s stock valued at $145,443,000 after buying an additional 10,172 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in Wintrust Financial by 41.3% in the 4th quarter. Clearbridge Investments LLC now owns 865,409 shares of the bank’s stock worth $107,925,000 after acquiring an additional 253,050 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Stock Performance

WTFC opened at $95.89 on Tuesday. The stock has a 50-day moving average of $119.64 and a 200-day moving average of $122.35. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. Wintrust Financial Co. has a 52-week low of $89.10 and a 52-week high of $142.04. The company has a market cap of $6.40 billion, a PE ratio of 9.30 and a beta of 0.94.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter in the previous year, the company earned $1.87 earnings per share. As a group, equities research analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 2.09%. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.40%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WTFC shares. UBS Group began coverage on Wintrust Financial in a research note on Tuesday, December 17th. They set a “buy” rating and a $157.00 target price on the stock. Piper Sandler boosted their price objective on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial upgraded shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Barclays boosted their price target on shares of Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Saturday, February 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Wintrust Financial currently has a consensus rating of “Moderate Buy” and an average target price of $133.69.

Insider Buying and Selling

In other news, insider Richard B. Murphy sold 3,186 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total value of $418,321.80. Following the sale, the insider now owns 48,814 shares in the company, valued at approximately $6,409,278.20. This trade represents a 6.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total transaction of $54,475.20. Following the transaction, the executive vice president now directly owns 2,276 shares in the company, valued at $298,042.20. This trade represents a 15.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,178 shares of company stock worth $1,336,315 in the last quarter. 1.47% of the stock is currently owned by company insiders.

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.