Janus Henderson Group PLC Has $79.31 Million Stock Position in Wintrust Financial Corporation $WTFC

Janus Henderson Group PLC reduced its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 6.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 570,819 shares of the bank’s stock after selling 38,608 shares during the quarter. Janus Henderson Group PLC’s holdings in Wintrust Financial were worth $79,308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in WTFC. Elyxium Wealth LLC bought a new position in shares of Wintrust Financial in the 4th quarter valued at about $31,000. Creative Financial Designs Inc. ADV boosted its stake in Wintrust Financial by 231.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after acquiring an additional 160 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial during the 1st quarter worth $27,000. Harbour Investments Inc. grew its holdings in Wintrust Financial by 72.7% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after acquiring an additional 101 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Wintrust Financial during the 1st quarter valued at $35,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WTFC. Raymond James Financial initiated coverage on Wintrust Financial in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 price target on the stock. Royal Bank Of Canada lifted their price objective on Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Barclays upped their price objective on Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. DA Davidson increased their target price on Wintrust Financial from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, Piper Sandler set a $186.00 target price on Wintrust Financial in a report on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.77.

Wintrust Financial Price Performance

Shares of WTFC opened at $159.54 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. The stock has a 50 day simple moving average of $157.56 and a 200 day simple moving average of $149.96. Wintrust Financial Corporation has a 52-week low of $119.61 and a 52-week high of $167.21. The firm has a market capitalization of $10.76 billion, a PE ratio of 12.81 and a beta of 0.84.

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

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 6th. Wintrust Financial’s dividend payout ratio is 17.67%.

Insider Activity

In other news, Director Suzet M. Mckinney sold 500 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.24% of the stock is owned by corporate insiders.

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.