Chicago Wealth Management Inc. Invests $200,000 in Wintrust Financial Co. (NASDAQ:WTFC)

Chicago Wealth Management Inc. acquired a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC) in the 4th quarter, Holdings Channel reports. The fund acquired 2,161 shares of the bank’s stock, valued at approximately $200,000.

Several other hedge funds have also recently added to or reduced their stakes in WTFC. J.P. Morgan Private Wealth Advisors LLC raised its position in shares of Wintrust Financial by 3.7% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 7,007 shares of the bank’s stock valued at $529,000 after buying an additional 251 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Wintrust Financial by 1.0% during the 3rd quarter. Swiss National Bank now owns 134,467 shares of the bank’s stock worth $10,152,000 after acquiring an additional 1,300 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Wintrust Financial by 14.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 5,490 shares of the bank’s stock valued at $414,000 after acquiring an additional 710 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Wintrust Financial by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 539,663 shares of the bank’s stock valued at $40,745,000 after purchasing an additional 26,469 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Wintrust Financial during the third quarter valued at approximately $211,000. Institutional investors own 93.48% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on WTFC. Stephens reiterated an “overweight” rating and set a $110.00 price objective on shares of Wintrust Financial in a research note on Tuesday, April 16th. Jefferies Financial Group lifted their price target on shares of Wintrust Financial from $114.00 to $120.00 and gave the company a “buy” rating in a report on Monday, April 8th. Royal Bank of Canada boosted their price target on shares of Wintrust Financial from $109.00 to $116.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Wedbush reaffirmed an “outperform” rating and set a $116.00 price objective on shares of Wintrust Financial in a report on Thursday, April 18th. Finally, Truist Financial cut their target price on shares of Wintrust Financial from $117.00 to $112.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $112.33.

Wintrust Financial Trading Down 1.1 %

NASDAQ:WTFC traded down $1.07 on Tuesday, hitting $92.97. 313,250 shares of the stock were exchanged, compared to its average volume of 365,220. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.97 and a current ratio of 0.98. Wintrust Financial Co. has a 52 week low of $67.61 and a 52 week high of $105.29. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 9.61 and a beta of 1.19. The company’s 50-day moving average price is $98.56 and its 200 day moving average price is $96.36.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.47. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The firm had revenue of $604.77 million for the quarter, compared to analysts’ expectations of $577.80 million. During the same period last year, the firm earned $2.80 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities research analysts forecast that Wintrust Financial Co. will post 10.14 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.94%. The ex-dividend date was Wednesday, May 8th. Wintrust Financial’s payout ratio is presently 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.