Janus Henderson Group PLC Has $84.22 Million Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Janus Henderson Group PLC decreased its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 0.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 806,757 shares of the bank’s stock after selling 5,523 shares during the quarter. Janus Henderson Group PLC owned about 1.31% of Wintrust Financial worth $84,219,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Shaker Investments LLC OH raised its position in Wintrust Financial by 0.3% in the 1st quarter. Shaker Investments LLC OH now owns 34,256 shares of the bank’s stock valued at $3,576,000 after buying an additional 112 shares during the last quarter. Oliver Luxxe Assets LLC raised its holdings in shares of Wintrust Financial by 1.7% in the first quarter. Oliver Luxxe Assets LLC now owns 9,290 shares of the bank’s stock valued at $970,000 after purchasing an additional 157 shares during the last quarter. Quent Capital LLC lifted its position in shares of Wintrust Financial by 120.8% during the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock valued at $33,000 after purchasing an additional 192 shares in the last quarter. Retirement Systems of Alabama grew its position in Wintrust Financial by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 76,896 shares of the bank’s stock worth $8,027,000 after purchasing an additional 200 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. increased its stake in Wintrust Financial by 70.0% in the 1st quarter. DHJJ Financial Advisors Ltd. now owns 488 shares of the bank’s stock valued at $51,000 after buying an additional 201 shares during the last quarter. 93.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WTFC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered Wintrust Financial from an “outperform” rating to a “market perform” rating and upped their target price for the company from $110.00 to $115.00 in a report on Friday, July 19th. Stephens restated an “overweight” rating and issued a $115.00 price objective on shares of Wintrust Financial in a research note on Thursday, July 18th. Piper Sandler raised their target price on Wintrust Financial from $113.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Hovde Group reissued a “market perform” rating and issued a $100.00 price target on shares of Wintrust Financial in a report on Friday, June 21st. Finally, Wedbush lifted their price objective on shares of Wintrust Financial from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.85.

Wintrust Financial Price Performance

Shares of WTFC traded up $0.47 during trading hours on Wednesday, reaching $110.00. 103,336 shares of the company’s stock traded hands, compared to its average volume of 384,263. Wintrust Financial Co. has a 12 month low of $71.86 and a 12 month high of $113.68. The stock has a market cap of $6.79 billion, a PE ratio of 11.33 and a beta of 1.18. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. The firm’s 50 day simple moving average is $99.47 and its 200-day simple moving average is $98.64.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.10). The firm had revenue of $591.76 million for the quarter, compared to the consensus estimate of $587.33 million. Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. Wintrust Financial’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.38 earnings per share. Equities analysts expect that Wintrust Financial Co. will post 10.11 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be paid a $0.45 dividend. The ex-dividend date is Thursday, August 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.64%. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.61%.

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.