Wintrust Financial Co. (NASDAQ:WTFC) Shares Bought by Atria Investments Inc

Atria Investments Inc increased its position in Wintrust Financial Co. (NASDAQ:WTFC) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,122 shares of the bank’s stock after buying an additional 402 shares during the quarter. Atria Investments Inc’s holdings in Wintrust Financial were worth $881,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Wintrust Financial by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock valued at $673,603,000 after acquiring an additional 244,168 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Wintrust Financial by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock worth $297,376,000 after acquiring an additional 146,090 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Wintrust Financial by 11.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock worth $141,981,000 after acquiring an additional 133,311 shares during the last quarter. F M Investments LLC acquired a new stake in shares of Wintrust Financial during the second quarter worth $11,850,000. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in shares of Wintrust Financial by 15.5% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 630,824 shares of the bank’s stock worth $62,174,000 after purchasing an additional 84,687 shares during the period. Institutional investors own 93.48% of the company’s stock.

Insider Transactions at Wintrust Financial

In other news, insider Richard B. Murphy sold 4,099 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the completion of the sale, the insider now directly owns 42,311 shares in the company, valued at approximately $4,892,420.93. The trade was a 8.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David A. Dykstra sold 15,492 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the sale, the chief operating officer now directly owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,198 shares of company stock worth $2,445,314. 1.47% of the stock is owned by corporate insiders.

Wintrust Financial Stock Up 0.6 %

Shares of Wintrust Financial stock opened at $131.76 on Monday. The stock has a 50-day simple moving average of $113.19 and a 200-day simple moving average of $105.13. Wintrust Financial Co. has a 52-week low of $82.90 and a 52-week high of $136.08. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of 13.80 and a beta of 1.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). The business had revenue of $615.73 million during the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.53 earnings per share. On average, equities research analysts expect that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th will be given a $0.45 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.37%. Wintrust Financial’s dividend payout ratio is currently 18.85%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WTFC. Wedbush reissued an “outperform” rating and issued a $130.00 price target on shares of Wintrust Financial in a research note on Tuesday, October 22nd. DA Davidson lifted their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Citigroup upped their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Piper Sandler lifted their price objective on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Raymond James increased their target price on Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and an average target price of $123.00.

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.