Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 586,057 shares of the bank’s stock after selling 66,553 shares during the quarter. Bank of New York Mellon Corp owned about 0.88% of Wintrust Financial worth $73,087,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in WTFC. International Assets Investment Management LLC purchased a new position in shares of Wintrust Financial during the third quarter worth about $35,000. Global Retirement Partners LLC lifted its position in Wintrust Financial by 63.5% during the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock worth $47,000 after acquiring an additional 146 shares during the period. Versant Capital Management Inc grew its stake in shares of Wintrust Financial by 32.1% in the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after purchasing an additional 131 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Wintrust Financial in the third quarter valued at approximately $61,000. Finally, Covestor Ltd raised its stake in shares of Wintrust Financial by 77.9% during the third quarter. Covestor Ltd now owns 653 shares of the bank’s stock worth $71,000 after purchasing an additional 286 shares during the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on WTFC. Barclays lifted their price objective on shares of Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. UBS Group assumed coverage on shares of Wintrust Financial in a report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 target price on the stock. StockNews.com cut shares of Wintrust Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 15th. Royal Bank of Canada restated an “outperform” rating and issued a $152.00 price objective on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, Piper Sandler boosted their target price on Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to 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 Wintrust Financial news, CFO David L. Stoehr sold 2,363 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total transaction of $310,309.16. Following the completion of the transaction, the chief financial officer now owns 19,858 shares of the company’s stock, valued at approximately $2,607,752.56. This trade represents a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO David A. Dykstra sold 4,213 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total value of $553,209.03. Following the completion of the transaction, the chief operating officer now directly owns 206,294 shares of the company’s stock, valued at approximately $27,088,465.14. This trade represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,178 shares of company stock valued at $1,336,315 over the last quarter. Corporate insiders own 1.47% of the company’s stock.

Wintrust Financial Stock Performance

WTFC opened at $121.83 on Tuesday. Wintrust Financial Co. has a 1-year low of $91.38 and a 1-year high of $142.04. The stock has a market cap of $8.10 billion, a P/E ratio of 11.82 and a beta of 1.19. The stock’s 50 day simple moving average is $128.63 and its 200 day simple moving average is $121.38. 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, beating the consensus estimate of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period last year, the business earned $1.87 EPS. As a group, equities analysts anticipate that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.64%. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s payout ratio is presently 19.40%.

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.