11,209 Shares in Wintrust Financial Co. (NASDAQ:WTFC) Bought by Choreo LLC

Choreo LLC acquired a new stake in Wintrust Financial Co. (NASDAQ:WTFC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,209 shares of the bank’s stock, valued at approximately $1,115,000.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Wintrust Financial by 3.9% in the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock worth $673,603,000 after acquiring an additional 244,168 shares in the last quarter. Capital International Investors raised its position in shares of Wintrust Financial by 4.6% in the 1st quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock valued at $171,000,000 after purchasing an additional 72,082 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Wintrust Financial by 54.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,330,263 shares of the bank’s stock valued at $138,866,000 after purchasing an additional 469,640 shares in the last quarter. Reinhart Partners LLC. grew its position in shares of Wintrust Financial by 0.4% during the second quarter. Reinhart Partners LLC. now owns 734,151 shares of the bank’s stock worth $72,358,000 after buying an additional 2,806 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Wintrust Financial in the fourth quarter worth $61,898,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on WTFC. Truist Financial increased their price objective on shares of Wintrust Financial from $107.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Keefe, Bruyette & Woods cut shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $110.00 to $115.00 in a research report on Friday, July 19th. Wedbush boosted their price objective on Wintrust Financial from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. DA Davidson increased their target price on Wintrust Financial from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Jefferies Financial Group lowered their price target on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.85.

Wintrust Financial Price Performance

Shares of WTFC opened at $102.59 on Friday. Wintrust Financial Co. has a 12 month low of $71.86 and a 12 month high of $113.68. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a fifty day moving average price of $103.90 and a 200 day moving average price of $100.15. The company has a market cap of $6.34 billion, a P/E ratio of 10.61 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.10). The firm had revenue of $591.76 million for the quarter, compared to the consensus estimate of $587.33 million. Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.38 EPS. On average, research analysts forecast that Wintrust Financial Co. will post 10.11 earnings per share for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.75%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.61%.

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.