International Assets Investment Management LLC Invests $35,000 in Wintrust Financial Co. (NASDAQ:WTFC)

International Assets Investment Management LLC bought a new stake in Wintrust Financial Co. (NASDAQ:WTFC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 326 shares of the bank’s stock, valued at approximately $35,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in shares of Wintrust Financial by 29.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,920 shares of the bank’s stock worth $827,000 after purchasing an additional 1,816 shares in the last quarter. Texas Permanent School Fund Corp raised its position in Wintrust Financial by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 53,593 shares of the bank’s stock worth $5,595,000 after acquiring an additional 717 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Wintrust Financial by 17.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,702 shares of the bank’s stock valued at $491,000 after acquiring an additional 691 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Wintrust Financial by 15.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 15,729 shares of the bank’s stock valued at $1,642,000 after acquiring an additional 2,081 shares during the period. Finally, Sei Investments Co. grew its position in shares of Wintrust Financial by 23.6% in the 1st quarter. Sei Investments Co. now owns 118,312 shares of the bank’s stock valued at $12,351,000 after acquiring an additional 22,586 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. DA Davidson raised their price objective on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods cut shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $110.00 to $115.00 in a research report on Friday, July 19th. Truist Financial increased 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. Stephens reaffirmed an “overweight” rating and set a $115.00 target price on shares of Wintrust Financial in a report on Thursday, July 18th. Finally, Raymond James upped their price target on shares of Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.00.

Insider Buying and Selling at Wintrust Financial

In related news, CFO David L. Stoehr sold 1,607 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the completion of the transaction, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at $1,687,604.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction 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 $4,892,420.93. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the transaction, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at $1,687,604.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,198 shares of company stock worth $2,445,314. 1.47% of the stock is currently owned by company insiders.

Wintrust Financial Stock Up 1.2 %

Shares of NASDAQ WTFC opened at $128.60 on Friday. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 13.47 and a beta of 1.15. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. Wintrust Financial Co. has a 12 month low of $76.67 and a 12 month high of $131.66. The stock has a 50-day moving average price of $110.58 and a two-hundred day moving average price of $103.87.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $623.45 million. During the same period in the previous year, the firm posted $2.53 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, analysts forecast that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders 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 yield of 1.40%. The ex-dividend date is Thursday, November 7th. Wintrust Financial’s payout ratio is 18.85%.

Wintrust Financial Company 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.