Capital International Investors Has $186.59 Million Stock Holdings in Wintrust Financial Corporation $WTFC

Capital International Investors lessened its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 2.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,334,466 shares of the bank’s stock after selling 33,369 shares during the quarter. Capital International Investors’ holdings in Wintrust Financial were worth $186,585,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of Wintrust Financial by 3.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 405,599 shares of the bank’s stock worth $53,718,000 after buying an additional 11,644 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Wintrust Financial by 5.4% during the 3rd quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock worth $263,940,000 after buying an additional 102,833 shares during the last quarter. Clark Capital Management Group Inc. lifted its stake in shares of Wintrust Financial by 27.1% during the 3rd quarter. Clark Capital Management Group Inc. now owns 572,816 shares of the bank’s stock worth $75,864,000 after buying an additional 122,221 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of Wintrust Financial during the 3rd quarter worth about $14,094,000. Finally, Aptus Capital Advisors LLC lifted its stake in shares of Wintrust Financial by 15.1% during the 3rd quarter. Aptus Capital Advisors LLC now owns 86,852 shares of the bank’s stock worth $11,503,000 after buying an additional 11,420 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insider Activity

In other news, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the completion of the transaction, the director owned 3,303 shares of the company’s stock, valued at $492,014.88. This represents a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO David A. Dykstra sold 9,579 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $148.82, for a total value of $1,425,546.78. Following the completion of the transaction, the chief operating officer directly owned 179,810 shares of the company’s stock, valued at $26,759,324.20. This represents a 5.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 13,099 shares of company stock valued at $1,954,386 over the last quarter. 1.24% of the stock is owned by company insiders.

Wintrust Financial Stock Down 0.9%

WTFC stock opened at $151.59 on Tuesday. The stock has a market capitalization of $10.22 billion, a P/E ratio of 12.71 and a beta of 0.85. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. Wintrust Financial Corporation has a 12 month low of $116.57 and a 12 month high of $162.96. The firm has a 50-day moving average price of $147.20 and a 200-day moving average price of $144.52.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, April 20th. The bank reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.26. The firm had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $707.23 million. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.69 earnings per share. As a group, equities research analysts anticipate that Wintrust Financial Corporation will post 13.07 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a $0.55 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. Wintrust Financial’s dividend payout ratio is 18.44%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WTFC shares. Stephens started coverage on shares of Wintrust Financial in a research report on Friday, March 27th. They set an “equal weight” rating and a $160.00 price target on the stock. Barclays raised their price target on shares of Wintrust Financial from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. DA Davidson reaffirmed a “buy” rating and set a $165.00 price target on shares of Wintrust Financial in a research report on Tuesday, April 21st. Royal Bank Of Canada raised their price target on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Truist Financial lowered their price target on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.92.

Wintrust Financial Company Profile

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.