Wintrust Financial Co. (NASDAQ:WTFC) Shares Purchased by Barclays PLC

Barclays PLC boosted its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 3.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 81,737 shares of the bank’s stock after purchasing an additional 2,748 shares during the period. Barclays PLC owned about 0.12% of Wintrust Financial worth $8,870,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Wintrust Financial by 36.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock valued at $87,132,000 after buying an additional 213,559 shares in the last quarter. State Street Corp grew its position in Wintrust Financial by 5.1% in the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock valued at $285,169,000 after acquiring an additional 126,724 shares in the last quarter. Choreo LLC purchased a new stake in Wintrust Financial during the second quarter worth about $1,115,000. Allspring Global Investments Holdings LLC lifted its position in shares of Wintrust Financial by 7.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank’s stock worth $22,063,000 after purchasing an additional 14,699 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in shares of Wintrust Financial by 13.8% in the third quarter. Westfield Capital Management Co. LP now owns 237,311 shares of the bank’s stock valued at $25,755,000 after purchasing an additional 28,727 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Down 1.1 %

Shares of NASDAQ:WTFC opened at $130.25 on Wednesday. The firm has a 50 day simple moving average of $125.79 and a 200-day simple moving average of $110.53. Wintrust Financial Co. has a twelve month low of $89.68 and a twelve month high of $142.04. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $8.66 billion, a PE ratio of 13.64 and a beta of 1.18.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). The company had revenue of $615.73 million during the quarter, compared to analysts’ expectations of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. Wintrust Financial’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $2.53 earnings per share. On average, equities analysts predict that Wintrust Financial Co. will post 10.12 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.38%. Wintrust Financial’s dividend payout ratio is presently 18.85%.

Insiders Place Their Bets

In other news, COO David A. Dykstra sold 15,492 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the transaction, the chief operating officer now directly owns 197,591 shares in the company, valued at approximately $22,817,808.68. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David L. Stoehr sold 1,607 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the completion of the sale, the chief financial officer now owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. This trade represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,198 shares of company stock valued at $2,445,314 over the last quarter. Company insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Raymond James upped their target price on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 23rd. Barclays increased their price objective on Wintrust Financial from $130.00 to $151.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. UBS Group started coverage on Wintrust Financial in a research note on Tuesday. They set a “buy” rating and a $157.00 target price for the company. Wedbush reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Finally, Piper Sandler boosted their price objective on Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

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.