XTX Topco Ltd Buys 2,373 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

XTX Topco Ltd raised its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 66.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,937 shares of the bank’s stock after purchasing an additional 2,373 shares during the period. XTX Topco Ltd’s holdings in Wintrust Financial were worth $740,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Millstone Evans Group LLC bought a new position in Wintrust Financial in the 4th quarter valued at about $43,000. Global Retirement Partners LLC increased its stake in shares of Wintrust Financial by 63.5% during the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock worth $47,000 after purchasing an additional 146 shares during the period. Versant Capital Management Inc lifted its holdings in Wintrust Financial by 32.1% during the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock worth $67,000 after purchasing an additional 131 shares during the last quarter. UMB Bank n.a. lifted its holdings in Wintrust Financial by 32.2% during the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank’s stock worth $84,000 after purchasing an additional 165 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Wintrust Financial by 920.9% in the 4th quarter. Jones Financial Companies Lllp now owns 684 shares of the bank’s stock valued at $85,000 after purchasing an additional 617 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WTFC. StockNews.com downgraded Wintrust Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 15th. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. 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. Royal Bank of Canada reissued an “outperform” rating and set a $152.00 price target on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, Barclays dropped 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Wintrust Financial presently has an average rating of “Moderate Buy” and an average target price of $132.38.

Wintrust Financial Stock Performance

Wintrust Financial stock opened at $102.51 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock has a market cap of $6.86 billion, a PE ratio of 9.94 and a beta of 0.94. Wintrust Financial Co. has a 12-month low of $89.10 and a 12-month high of $142.04. The business’s 50-day moving average price is $113.61 and its two-hundred day moving average price is $121.55.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data 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 net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the previous year, the business posted $1.87 earnings per share. As a group, analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, May 8th. Wintrust Financial’s dividend payout ratio (DPR) is 19.40%.

Insider Activity at Wintrust Financial

In other news, COO David A. Dykstra sold 4,213 shares of Wintrust Financial stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total transaction of $553,209.03. Following the sale, the chief operating officer now directly owns 206,294 shares of the company’s stock, valued at approximately $27,088,465.14. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total value of $54,475.20. Following the sale, the executive vice president now owns 2,276 shares in the company, valued at approximately $298,042.20. This trade represents a 15.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,178 shares of company stock valued at $1,336,315 in the last 90 days. 1.47% of the stock is owned by corporate insiders.

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.