Northwestern Mutual Wealth Management Co. Acquires New Shares in Wintrust Financial Corporation $WTFC

Northwestern Mutual Wealth Management Co. acquired a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) during the second quarter, Holdings Channel.com reports. The fund acquired 8,184 shares of the bank’s stock, valued at approximately $1,315,000.

Several other large investors have also added to or reduced their stakes in WTFC. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Wintrust Financial in the second quarter valued at approximately $27,000. Elyxium Wealth LLC purchased a new position in Wintrust Financial during the fourth quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV increased its holdings in Wintrust Financial by 231.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after acquiring an additional 160 shares during the period. Advisors Asset Management Inc. bought a new stake in Wintrust Financial during the 1st quarter worth approximately $27,000. Finally, Harbour Investments Inc. lifted its stake in Wintrust Financial by 72.7% in the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on WTFC. Raymond James Financial began coverage on shares of Wintrust Financial in a report on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 price target on the stock. Capital One Financial set a $170.00 target price on Wintrust Financial in a research note on Tuesday, July 21st. Brean Capital downgraded Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 price target for the company. in a research report on Tuesday, July 21st. Barclays boosted their price objective on Wintrust Financial from $190.00 to $192.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Finally, Truist Financial lifted their target price on shares of Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $177.77.

Insider Activity at Wintrust Financial

In other news, COO David A. Dykstra sold 13,515 shares of Wintrust Financial stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the transaction, the chief operating officer owned 166,449 shares in the company, valued at approximately $27,092,903.73. The trade was a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.24% of the company’s stock.

Wintrust Financial Stock Down 0.6%

Shares of WTFC opened at $151.09 on Wednesday. Wintrust Financial Corporation has a 1 year low of $119.61 and a 1 year high of $167.21. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a 50 day simple moving average of $159.57 and a two-hundred day simple moving average of $151.26. The firm has a market cap of $10.19 billion, a P/E ratio of 12.14 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The firm had revenue of $738.63 million during the quarter, compared to analyst estimates of $735.36 million. During the same period in the previous year, the business posted $2.78 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts forecast that Wintrust Financial Corporation will post 13.04 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, August 6th. Wintrust Financial’s dividend payout ratio is presently 17.67%.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.