Wintrust Financial Co. (NASDAQ:WTFC) Stock Holdings Lifted by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,532 shares of the bank’s stock after purchasing an additional 324 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Wintrust Financial were worth $690,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. one8zero8 LLC purchased a new position in shares of Wintrust Financial during the 4th quarter valued at $2,042,000. Natixis Advisors LLC grew its stake in Wintrust Financial by 3.9% in the fourth quarter. Natixis Advisors LLC now owns 49,636 shares of the bank’s stock valued at $6,190,000 after purchasing an additional 1,848 shares in the last quarter. Swiss National Bank increased its position in Wintrust Financial by 0.7% in the 4th quarter. Swiss National Bank now owns 130,767 shares of the bank’s stock worth $16,308,000 after purchasing an additional 900 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Wintrust Financial by 3.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,983 shares of the bank’s stock worth $497,000 after purchasing an additional 146 shares in the last quarter. Finally, PFG Advisors bought a new stake in shares of Wintrust Financial in the 4th quarter valued at approximately $211,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $116.28 on Tuesday. The business’s 50 day moving average is $124.52 and its 200-day moving average is $122.12. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $7.76 billion, a PE ratio of 11.28 and a beta of 1.16. Wintrust Financial Co. has a 1-year low of $91.38 and a 1-year high of $142.04.

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

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.50 per share. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.72%. Wintrust Financial’s dividend payout ratio (DPR) is currently 19.40%.

Analyst Ratings Changes

WTFC has been the subject of a number of analyst reports. Truist Financial upgraded shares of Wintrust Financial to a “strong-buy” rating in a research note on Monday, January 6th. Raymond James restated a “strong-buy” rating and issued a $150.00 price objective (up from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 target price on shares of Wintrust Financial in a research note on Thursday, January 23rd. StockNews.com lowered shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Saturday, February 15th. Finally, UBS Group initiated coverage on Wintrust Financial in a research report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Wintrust Financial has an average rating of “Moderate Buy” and an average price target of $133.69.

Insider Buying and Selling at Wintrust Financial

In other news, insider Richard B. Murphy sold 3,186 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total value of $418,321.80. Following the sale, the insider now owns 48,814 shares of the company’s stock, valued at approximately $6,409,278.20. This represents a 6.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David A. Dykstra sold 4,213 shares of the 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 sale, the chief operating officer now owns 206,294 shares of the company’s stock, valued at $27,088,465.14. This trade represents a 2.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,178 shares of company stock valued at $1,336,315. 1.47% of the stock is currently owned by corporate insiders.

About Wintrust Financial

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.