LMR Partners LLP Takes $499,000 Position in Wintrust Financial Co. (NASDAQ:WTFC)

LMR Partners LLP bought a new position in Wintrust Financial Co. (NASDAQ:WTFC) during the third quarter, HoldingsChannel reports. The fund bought 4,599 shares of the bank’s stock, valued at approximately $499,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in shares of Wintrust Financial by 7.6% in the first quarter. Russell Investments Group Ltd. now owns 9,174 shares of the bank’s stock worth $958,000 after buying an additional 651 shares during the period. Vanguard Group Inc. raised its position in shares of Wintrust Financial by 3.9% during the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock valued at $673,603,000 after buying an additional 244,168 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Wintrust Financial by 10.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,221 shares of the bank’s stock worth $336,000 after buying an additional 296 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Wintrust Financial by 2.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 49,850 shares of the bank’s stock worth $5,207,000 after acquiring an additional 1,144 shares during the last quarter. Finally, Capital International Investors grew its stake in Wintrust Financial by 4.6% during the first quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock valued at $171,000,000 after acquiring an additional 72,082 shares in the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Richard B. Murphy sold 4,099 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was 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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total value of $182,330.22. Following the completion of the transaction, the chief financial officer now directly owns 14,874 shares in the company, valued at approximately $1,687,604.04. This trade represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,198 shares of company stock valued at $2,445,314. 1.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on WTFC. Truist Financial increased their price objective on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Raymond James raised their price target on Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 23rd. Piper Sandler upped their price objective on Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Citigroup raised their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, DA Davidson upped their price target on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $123.00.

Wintrust Financial Price Performance

Wintrust Financial stock opened at $131.12 on Wednesday. Wintrust Financial Co. has a 12-month low of $82.90 and a 12-month high of $136.08. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $114.26 and a 200-day moving average price of $105.57. The firm has a market capitalization of $8.72 billion, a PE ratio of 13.73 and a beta of 1.15.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.03). The firm 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 firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.53 EPS. As a group, equities research analysts forecast that Wintrust Financial Co. will post 10.12 EPS for the current year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.37%. Wintrust Financial’s dividend payout ratio (DPR) is 18.85%.

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.