XTX Topco Ltd Makes New Investment in Wintrust Financial Co. (NASDAQ:WTFC)

XTX Topco Ltd bought a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,691 shares of the bank’s stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Wintrust Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock valued at $673,603,000 after purchasing an additional 244,168 shares during the period. Frontier Capital Management Co. LLC lifted its holdings in shares of Wintrust Financial by 13.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 538,489 shares of the bank’s stock worth $49,945,000 after buying an additional 65,179 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Wintrust Financial by 157.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 190,416 shares of the bank’s stock worth $19,878,000 after buying an additional 116,503 shares in the last quarter. Alberta Investment Management Corp boosted its position in shares of Wintrust Financial by 61.0% during the fourth quarter. Alberta Investment Management Corp now owns 32,113 shares of the bank’s stock worth $2,978,000 after acquiring an additional 12,165 shares during the last quarter. Finally, Capital International Investors grew its stake in Wintrust Financial by 4.6% during the first quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock valued at $171,000,000 after acquiring an additional 72,082 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Trading Down 0.5 %

Shares of WTFC opened at $106.55 on Friday. The company’s fifty day simple moving average is $104.71 and its 200-day simple moving average is $100.93. The company has a market cap of $6.58 billion, a P/E ratio of 11.02 and a beta of 1.16. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. Wintrust Financial Co. has a twelve month low of $71.86 and a twelve month high of $113.68.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Wednesday, July 17th. The bank reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.10). The firm had revenue of $591.76 million during 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 for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.38 EPS. As a group, analysts expect that Wintrust Financial Co. will post 10.12 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors 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 yield of 1.69%. Wintrust Financial’s payout ratio is 18.61%.

Wall Street Analyst Weigh In

Several analysts have commented on WTFC shares. Wedbush boosted their price target on shares of Wintrust Financial from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Truist Financial increased their price target on Wintrust Financial from $118.00 to $123.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Royal Bank of Canada raised their price target on Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Tuesday, July 9th. Keefe, Bruyette & Woods cut Wintrust Financial from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $110.00 to $115.00 in a report on Friday, July 19th. Finally, DA Davidson raised their target price on shares of Wintrust Financial from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.23.

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.