Global Retirement Partners LLC Boosts Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Global Retirement Partners LLC lifted its position in Wintrust Financial Co. (NASDAQ:WTFC) by 63.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 376 shares of the bank’s stock after purchasing an additional 146 shares during the period. Global Retirement Partners LLC’s holdings in Wintrust Financial were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in shares of Wintrust Financial by 530.3% during the 3rd quarter. Jane Street Group LLC now owns 39,135 shares of the bank’s stock worth $4,247,000 after acquiring an additional 32,926 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Wintrust Financial by 36.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock worth $87,132,000 after purchasing an additional 213,559 shares during the period. Retirement Systems of Alabama raised its holdings in Wintrust Financial by 6.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank’s stock worth $8,767,000 after purchasing an additional 4,562 shares during the period. State Street Corp grew its holdings in Wintrust Financial by 5.1% in the third quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock valued at $285,169,000 after purchasing an additional 126,724 shares during the period. Finally, LMR Partners LLP acquired a new stake in Wintrust Financial in the third quarter valued at approximately $499,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WTFC shares. UBS Group started coverage on Wintrust Financial in a research note on Tuesday, December 17th. They set a “buy” rating and a $157.00 target price for the company. Barclays upped their price objective on shares of Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Piper Sandler lifted their target price on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial upgraded shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Finally, StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 15th. One investment analyst has rated the stock with a sell rating, two have given 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $133.69.

Wintrust Financial Stock Up 1.4 %

NASDAQ WTFC opened at $124.47 on Friday. The business’s fifty day simple moving average is $128.69 and its 200-day simple moving average is $121.07. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a market cap of $8.28 billion, a PE ratio of 12.07 and a beta of 1.19. 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 EPS for the quarter, topping 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 quarter in the prior year, the firm earned $1.87 EPS. As a group, equities analysts anticipate that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.61%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, February 6th. Wintrust Financial’s dividend payout ratio is presently 19.40%.

Insiders Place Their Bets

In related news, COO David A. Dykstra sold 4,213 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total transaction of $553,209.03. Following the completion of the sale, the chief operating officer now directly owns 206,294 shares of the company’s stock, valued at approximately $27,088,465.14. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David L. Stoehr sold 2,363 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total transaction of $310,309.16. Following the completion of the transaction, the chief financial officer now directly owns 19,858 shares in the company, valued at $2,607,752.56. The trade was a 10.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,178 shares of company stock valued at $1,336,315 over the last quarter. 1.47% of the stock is owned by insiders.

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.