Jones Financial Companies Lllp Boosts Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Jones Financial Companies Lllp grew its position in Wintrust Financial Co. (NASDAQ:WTFC) by 920.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 684 shares of the bank’s stock after buying an additional 617 shares during the period. Jones Financial Companies Lllp’s holdings in Wintrust Financial were worth $85,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Jane Street Group LLC boosted its position in shares of Wintrust Financial by 530.3% during the 3rd quarter. Jane Street Group LLC now owns 39,135 shares of the bank’s stock worth $4,247,000 after purchasing an additional 32,926 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Wintrust Financial by 36.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock worth $87,132,000 after purchasing an additional 213,559 shares during the period. Retirement Systems of Alabama boosted its position in shares of Wintrust Financial by 6.0% during the 3rd quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank’s stock worth $8,767,000 after purchasing an additional 4,562 shares during the period. State Street Corp boosted its position in shares of Wintrust Financial by 5.1% during the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock worth $285,169,000 after purchasing an additional 126,724 shares during the period. Finally, LMR Partners LLP purchased a new position in shares of Wintrust Financial during the 3rd quarter worth approximately $499,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Insider Activity

In related news, EVP Jeffrey D. Hahnfeld sold 416 shares of Wintrust Financial stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total transaction of $54,475.20. Following the sale, the executive vice president now directly owns 2,276 shares in the company, valued at $298,042.20. This trade represents a 15.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David A. Dykstra sold 4,213 shares of Wintrust Financial stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total transaction of $553,209.03. Following the sale, the chief operating officer now owns 206,294 shares in the company, valued at $27,088,465.14. This represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,178 shares of company stock worth $1,336,315. 1.47% of the stock is currently owned by corporate insiders.

Wintrust Financial Price Performance

Shares of WTFC opened at $110.85 on Monday. Wintrust Financial Co. has a twelve month low of $91.38 and a twelve month high of $142.04. The firm’s fifty day simple moving average is $126.13 and its 200-day simple moving average is $121.85. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 10.75 and a beta of 1.16. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates 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. Equities analysts forecast 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.80%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, February 6th. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.40%.

Analysts Set New Price Targets

A number of research firms recently weighed in on WTFC. UBS Group began coverage on shares of Wintrust Financial in a research report on Tuesday, December 17th. They set a “buy” rating and a $157.00 price objective for the company. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price objective on shares of Wintrust Financial in a research report on Thursday, January 23rd. Piper Sandler raised their price target on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Barclays raised their price target 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. One investment 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.69.

Wintrust Financial 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.