Wintrust Financial Co. (NASDAQ:WTFC) Holdings Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 244,229 shares of the bank’s stock after buying an additional 27,202 shares during the period. Envestnet Asset Management Inc.’s holdings in Wintrust Financial were worth $30,458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Jane Street Group LLC raised its stake in Wintrust Financial by 530.3% during the 3rd quarter. Jane Street Group LLC now owns 39,135 shares of the bank’s stock valued at $4,247,000 after acquiring an additional 32,926 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in Wintrust Financial by 6.0% in the third quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank’s stock worth $8,767,000 after purchasing an additional 4,562 shares during the period. Fifth Third Bancorp grew its position in Wintrust Financial by 4,145.2% in the 4th quarter. Fifth Third Bancorp now owns 13,330 shares of the bank’s stock valued at $1,662,000 after buying an additional 13,016 shares in the last quarter. KBC Group NV increased its stake in Wintrust Financial by 1,412.8% during the 4th quarter. KBC Group NV now owns 30,393 shares of the bank’s stock valued at $3,790,000 after buying an additional 28,384 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of Wintrust Financial during the 4th quarter worth about $499,000. Institutional investors own 93.48% of the company’s stock.

Insider Activity

In other news, EVP Jeffrey D. Hahnfeld sold 416 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were 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. The trade was a 15.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO David A. Dykstra sold 4,213 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total transaction of $553,209.03. Following the completion of the transaction, the chief operating officer now directly owns 206,294 shares in the company, valued at $27,088,465.14. This trade represents a 2.00 % decrease in their ownership of the stock. 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 90 days. Company insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

WTFC has been the topic of a number of research analyst reports. StockNews.com lowered shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. UBS Group initiated coverage on Wintrust Financial in a research report on Tuesday, December 17th. They set a “buy” rating and a $157.00 price target on the stock. Barclays cut their price objective on Wintrust Financial from $155.00 to $138.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Raymond James reaffirmed a “strong-buy” rating and set a $150.00 target price (up from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. Finally, Piper Sandler boosted their price target on shares of Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Wintrust Financial has a consensus rating of “Moderate Buy” and an average target price of $132.38.

Wintrust Financial Stock Up 1.3 %

WTFC stock opened at $98.61 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a market capitalization of $6.60 billion, a P/E ratio of 9.56 and a beta of 0.94. Wintrust Financial Co. has a 52-week low of $89.10 and a 52-week high of $142.04. The company’s 50 day simple moving average is $115.85 and its 200-day simple moving average is $121.79.

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, beating the consensus estimate of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the prior year, the company posted $1.87 EPS. As a group, equities research analysts anticipate that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 2.03%. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.40%.

Wintrust Financial Company 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.