LMR Partners LLP Acquires Shares of 4,599 Wintrust Financial Co. (NASDAQ:WTFC)

LMR Partners LLP bought a new position in Wintrust Financial Co. (NASDAQ:WTFC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,599 shares of the bank’s stock, valued at approximately $499,000.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Wintrust Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock valued at $673,603,000 after buying an additional 244,168 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Wintrust Financial by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock valued at $297,376,000 after acquiring an additional 146,090 shares during the last quarter. Capital International Investors boosted its holdings in shares of Wintrust Financial by 4.6% during the first quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock worth $171,000,000 after purchasing an additional 72,082 shares during the period. Principal Financial Group Inc. grew its stake in shares of Wintrust Financial by 11.3% in the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock worth $141,981,000 after purchasing an additional 133,311 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in Wintrust Financial by 1.8% during the 2nd quarter. Federated Hermes Inc. now owns 815,466 shares of the bank’s stock valued at $80,372,000 after purchasing an additional 14,087 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on WTFC shares. Wedbush reiterated an “outperform” rating and issued a $130.00 price objective on shares of Wintrust Financial in a report on Tuesday, October 22nd. Raymond James raised their price target on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 23rd. Truist Financial boosted their price objective on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Citigroup raised their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, DA Davidson boosted their price target on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $123.00.

Wintrust Financial Stock Down 0.9 %

WTFC stock opened at $131.12 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average of $114.26 and a 200 day moving average of $105.57. Wintrust Financial Co. has a twelve month low of $82.90 and a twelve month high of $136.08. The firm has a market cap of $8.72 billion, a PE ratio of 13.73 and a beta of 1.15.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The company had revenue of $615.73 million during the quarter, compared to analysts’ expectations of $623.45 million. During the same period in the prior year, the firm earned $2.53 EPS. Wintrust Financial’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, research analysts forecast 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 will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Thursday, November 7th. Wintrust Financial’s payout ratio is 18.85%.

Insider Activity at Wintrust Financial

In other news, CFO David L. Stoehr sold 1,607 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the sale, the chief financial officer now owns 14,874 shares of the company’s stock, valued at $1,687,604.04. This trade represents a 9.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO David A. Dykstra sold 15,492 shares of the business’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 of the company’s stock, valued at $22,817,808.68. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,198 shares of company stock valued at $2,445,314 over the last 90 days. Corporate insiders own 1.47% of the company’s stock.

Wintrust Financial 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.