Harvest Fund Management Co. Ltd Has $371,000 Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Harvest Fund Management Co. Ltd grew its position in Wintrust Financial Co. (NASDAQ:WTFC) by 128.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,980 shares of the bank’s stock after buying an additional 1,678 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Wintrust Financial were worth $371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Natixis Advisors LLC boosted its stake in Wintrust Financial by 16.8% in the 3rd quarter. Natixis Advisors LLC now owns 47,788 shares of the bank’s stock worth $5,186,000 after purchasing an additional 6,880 shares during the period. Swiss National Bank boosted its stake in Wintrust Financial by 6.9% in the 3rd quarter. Swiss National Bank now owns 129,867 shares of the bank’s stock worth $14,094,000 after purchasing an additional 8,400 shares during the period. Quest Partners LLC boosted its stake in Wintrust Financial by 36,366.7% in the 3rd quarter. Quest Partners LLC now owns 2,188 shares of the bank’s stock worth $237,000 after purchasing an additional 2,182 shares during the period. Pathstone Holdings LLC boosted its stake in Wintrust Financial by 6.2% in the 3rd quarter. Pathstone Holdings LLC now owns 46,467 shares of the bank’s stock worth $5,043,000 after purchasing an additional 2,728 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Wintrust Financial by 6.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 139,402 shares of the bank’s stock worth $15,129,000 after purchasing an additional 8,287 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 2,363 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total value of $310,309.16. Following the transaction, the chief financial officer now directly owns 19,858 shares of the company’s stock, valued at $2,607,752.56. This represents a 10.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David A. Dykstra sold 4,213 shares of the stock in a transaction dated Tuesday, January 28th. The shares were 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 approximately $27,088,465.14. This represents a 2.00 % 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 three months. 1.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WTFC shares. Barclays upped their target price on shares of Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. UBS Group initiated coverage on shares of Wintrust Financial in a research note on Tuesday, December 17th. They set a “buy” rating and a $157.00 price objective for the company. Piper Sandler increased their price objective on shares of Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Truist Financial upgraded shares of Wintrust Financial to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $152.00 price objective on shares of Wintrust Financial in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Wintrust Financial has an average rating of “Moderate Buy” and an average target price of $133.69.

Wintrust Financial Stock Down 0.5 %

Shares of WTFC stock opened at $113.45 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The firm’s 50-day moving average is $124.72 and its 200-day moving average is $121.83. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 11.00 and a beta of 1.16. Wintrust Financial Co. has a 52-week low of $91.38 and a 52-week high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the business posted $1.87 EPS. Sell-side analysts predict that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.50 dividend. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.76%. The ex-dividend date was Thursday, February 6th. Wintrust Financial’s dividend payout ratio is currently 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.