Wintrust Financial Co. (NASDAQ:WTFC) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in Wintrust Financial Co. (NASDAQ:WTFC) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,020 shares of the bank’s stock after acquiring an additional 2,187 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Wintrust Financial worth $5,971,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new position in shares of Wintrust Financial in the third quarter valued at approximately $35,000. UMB Bank n.a. boosted its position in Wintrust Financial by 62.0% in the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after buying an additional 196 shares during the period. Covestor Ltd boosted its position in Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after buying an additional 286 shares during the period. GAMMA Investing LLC boosted its position in Wintrust Financial by 62.6% in the 2nd quarter. GAMMA Investing LLC now owns 818 shares of the bank’s stock valued at $81,000 after buying an additional 315 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Wintrust Financial by 11.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock worth $85,000 after acquiring an additional 91 shares during the period. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Wintrust Financial

In other news, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total transaction of $473,967.37. Following the completion of the sale, the insider now directly owns 42,311 shares in the company, valued at approximately $4,892,420.93. This trade represents a 8.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO David A. Dykstra sold 15,492 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the sale, the chief operating officer now owns 197,591 shares in the company, valued at approximately $22,817,808.68. This represents a 7.27 % 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 worth $2,445,314 over the last three months. 1.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WTFC shares. Wedbush reiterated an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a report on Tuesday, October 22nd. Truist Financial boosted their price objective on Wintrust Financial from $123.00 to $127.00 and gave the stock 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 company a “buy” rating in a report on Wednesday, October 23rd. Raymond James boosted their price target on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, DA Davidson increased their price objective 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 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $124.62.

Wintrust Financial Trading Down 0.7 %

NASDAQ:WTFC opened at $136.46 on Friday. 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 company has a market capitalization of $9.07 billion, a PE ratio of 14.29 and a beta of 1.18. The stock’s 50 day moving average price is $120.88 and its 200 day moving average price is $108.24. Wintrust Financial Co. has a 52-week low of $89.18 and a 52-week high of $142.04.

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

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is 18.85%.

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.