59,830 Shares in Wintrust Financial Corporation $WTFC Bought by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 59,830 shares of the bank’s stock, valued at approximately $9,637,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in shares of Wintrust Financial by 7.7% during the first quarter. Parallel Advisors LLC now owns 976 shares of the bank’s stock worth $136,000 after purchasing an additional 70 shares during the period. MeadowBrook Investment Advisors LLC increased its stake in Wintrust Financial by 3.0% during the 1st quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank’s stock worth $354,000 after purchasing an additional 75 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Wintrust Financial by 0.9% during the 4th quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank’s stock worth $1,246,000 after purchasing an additional 83 shares in the last quarter. Cresset Asset Management LLC raised its holdings in Wintrust Financial by 2.4% during the 3rd quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock worth $494,000 after buying an additional 88 shares during the period. Finally, Compound Planning Inc. raised its holdings in Wintrust Financial by 5.3% during the 1st quarter. Compound Planning Inc. now owns 1,868 shares of the bank’s stock worth $260,000 after buying an additional 94 shares during the period. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $152.95 on Friday. Wintrust Financial Corporation has a 12 month low of $119.61 and a 12 month high of $167.21. The company’s fifty day simple moving average is $159.51 and its 200-day simple moving average is $151.17. The firm has a market cap of $10.32 billion, a PE ratio of 12.29 and a beta of 0.85. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The business had revenue of $738.63 million during the quarter, compared to the consensus estimate of $735.36 million. During the same quarter last year, the firm earned $2.78 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities research analysts expect that Wintrust Financial Corporation will post 13.04 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Thursday, August 6th. Wintrust Financial’s dividend payout ratio is currently 17.67%.

Wall Street Analyst Weigh In

WTFC has been the topic of a number of research reports. Capital One Financial set a $170.00 price target on shares of Wintrust Financial in a research note on Tuesday, July 21st. Raymond James Financial started coverage on shares of Wintrust Financial in a research report on Tuesday, July 7th. They set an “outperform” rating and a $180.00 price objective for the company. UBS Group restated a “neutral” rating and set a $170.00 price objective on shares of Wintrust Financial in a report on Tuesday, July 7th. Barclays boosted their price objective on shares of Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Finally, Citigroup lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.77.

Insider Buying and Selling at Wintrust Financial

In related news, COO David A. Dykstra sold 13,515 shares of Wintrust Financial stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the sale, the chief operating officer owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. The trade was a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.24% of the stock is owned by insiders.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.