Commonwealth Equity Services LLC Sells 333 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Commonwealth Equity Services LLC reduced its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,409 shares of the bank’s stock after selling 333 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Wintrust Financial were worth $1,173,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Global Retirement Partners LLC boosted its stake in Wintrust Financial by 63.5% during the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock valued at $47,000 after purchasing an additional 146 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Wintrust Financial by 32.1% during the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock worth $67,000 after buying an additional 131 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Wintrust Financial by 32.2% in the fourth quarter. UMB Bank n.a. now owns 677 shares of the bank’s stock valued at $84,000 after acquiring an additional 165 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Wintrust Financial by 920.9% in the fourth quarter. Jones Financial Companies Lllp now owns 684 shares of the bank’s stock worth $85,000 after acquiring an additional 617 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Wintrust Financial by 23.9% during the fourth quarter. GAMMA Investing LLC now owns 1,256 shares of the bank’s stock worth $157,000 after acquiring an additional 242 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Stock Performance

Shares of NASDAQ:WTFC opened at $112.46 on Tuesday. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 10.91 and a beta of 1.16. The business’s fifty day moving average price is $122.56 and its two-hundred day moving average price is $122.48. Wintrust Financial Co. has a fifty-two week low of $91.38 and a fifty-two week high of $142.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, topping 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 business posted $1.87 EPS. As a group, analysts predict that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.50 per share. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.78%. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.40%.

Analysts Set New Price Targets

A number of analysts have weighed in on WTFC shares. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 price target on shares of Wintrust Financial in a report on Thursday, January 23rd. UBS Group started coverage on Wintrust Financial in a research report on Tuesday, December 17th. They set a “buy” rating and a $157.00 target price on the stock. Raymond James restated a “strong-buy” rating and set a $150.00 price target (up from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. Truist Financial upgraded Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Barclays upped their target price on Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Wintrust Financial presently has an average rating of “Moderate Buy” and a consensus target price of $133.69.

Insider Activity

In other Wintrust Financial news, CFO David L. Stoehr sold 2,363 shares of Wintrust Financial stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total value of $310,309.16. Following the completion of the transaction, the chief financial officer now owns 19,858 shares in the company, valued at approximately $2,607,752.56. The trade was a 10.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard B. Murphy sold 3,186 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total value of $418,321.80. Following the completion of the transaction, the insider now directly owns 48,814 shares in the company, valued at approximately $6,409,278.20. This represents a 6.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,178 shares of company stock worth $1,336,315. Insiders own 1.47% of the company’s stock.

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.