JPMorgan Chase & Co. Cuts Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

JPMorgan Chase & Co. reduced its position in Wintrust Financial Co. (NASDAQ:WTFC) by 20.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,127,195 shares of the bank’s stock after selling 286,401 shares during the period. JPMorgan Chase & Co. owned 1.70% of Wintrust Financial worth $122,334,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC raised its holdings in shares of Wintrust Financial by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 11,049 shares of the bank’s stock worth $1,200,000 after acquiring an additional 89 shares in the last quarter. Shaker Investments LLC OH lifted its position in Wintrust Financial by 0.3% during the third quarter. Shaker Investments LLC OH now owns 28,928 shares of the bank’s stock valued at $3,140,000 after purchasing an additional 96 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Wintrust Financial by 2.8% in the 3rd quarter. Captrust Financial Advisors now owns 3,859 shares of the bank’s stock worth $419,000 after buying an additional 104 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Wintrust Financial by 1.7% in the 3rd quarter. MML Investors Services LLC now owns 6,201 shares of the bank’s stock worth $673,000 after buying an additional 106 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Wintrust Financial by 0.5% during the 3rd quarter. US Bancorp DE now owns 24,716 shares of the bank’s stock valued at $2,682,000 after buying an additional 126 shares in the last quarter. 93.48% of the stock is owned by institutional investors.

Wintrust Financial Stock Up 0.2 %

Shares of NASDAQ:WTFC opened at $124.71 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $128.48 and its 200 day moving average is $112.77. The stock has a market cap of $8.29 billion, a P/E ratio of 13.06 and a beta of 1.18. Wintrust Financial Co. has a 52-week low of $89.68 and a 52-week high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The firm had revenue of $615.73 million for the quarter, compared to analysts’ expectations of $623.45 million. During the same quarter in the prior year, the business posted $2.53 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Sell-side analysts predict that Wintrust Financial Co. will post 10.12 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.44%. Wintrust Financial’s payout ratio is presently 18.85%.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the sale, the chief financial officer now owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. This trade represents a 9.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of the company’s stock in a transaction 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 sale, the insider now owns 42,311 shares of the company’s stock, valued at $4,892,420.93. This trade represents a 8.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,198 shares of company stock valued at $2,445,314 over the last ninety days. 1.47% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wedbush reissued an “outperform” rating and set a $130.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Citigroup increased their price target on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Truist Financial lifted their price objective on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Piper Sandler increased their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, UBS Group initiated coverage on shares of Wintrust Financial in a research note on Tuesday, December 17th. They set a “buy” rating and a $157.00 price target for the company. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

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.