Cresset Asset Management LLC Has $447,000 Stake in Wintrust Financial Corporation $WTFC

Cresset Asset Management LLC boosted its position in Wintrust Financial Corporation (NASDAQ:WTFC) by 11.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,975 shares of the bank’s stock after buying an additional 404 shares during the period. Cresset Asset Management LLC’s holdings in Wintrust Financial were worth $447,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of WTFC. Marshall Wace LLP acquired a new position in Wintrust Financial in the fourth quarter valued at $968,000. Hsbc Holdings PLC acquired a new position in Wintrust Financial in the fourth quarter valued at $4,001,000. Price T Rowe Associates Inc. MD lifted its holdings in Wintrust Financial by 9.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,429 shares of the bank’s stock valued at $4,793,000 after buying an additional 3,182 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Wintrust Financial in the fourth quarter valued at $1,013,000. Finally, Earnest Partners LLC bought a new stake in Wintrust Financial in the fourth quarter valued at $163,767,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insider Activity

In other news, insider Edward J. Wehmer purchased 3,919 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average cost of $26.35 per share, for a total transaction of $103,265.65. Following the completion of the acquisition, the insider owned 3,919 shares in the company, valued at $103,265.65. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David A. Dykstra sold 14,942 shares of the business’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total transaction of $1,965,321.26. Following the transaction, the chief operating officer owned 182,208 shares in the company, valued at approximately $23,965,818.24. This trade represents a 7.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on WTFC shares. Barclays reaffirmed an “overweight” rating and issued a $162.00 price target (up from $145.00) on shares of Wintrust Financial in a research note on Tuesday, July 8th. DA Davidson lifted their price target on shares of Wintrust Financial from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Piper Sandler reaffirmed an “overweight” rating and issued a $160.00 price target (up from $141.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Finally, Jefferies Financial Group set a $145.00 price target on shares of Wintrust Financial and gave the company a “buy” rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Wintrust Financial currently has an average rating of “Moderate Buy” and an average target price of $145.77.

Wintrust Financial Trading Up 4.1%

NASDAQ:WTFC opened at $134.02 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a 50-day moving average of $127.79 and a 200-day moving average of $119.76. The company has a market cap of $8.97 billion, a PE ratio of 12.68 and a beta of 0.85. Wintrust Financial Corporation has a one year low of $89.10 and a one year high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, July 21st. The bank reported $2.78 EPS for the quarter, topping the consensus estimate of $2.59 by $0.19. The company had revenue of $670.78 million during the quarter, compared to the consensus estimate of $661.43 million. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. During the same period in the previous year, the firm posted $2.32 earnings per share. As a group, equities research analysts expect that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, August 7th. This represents a $2.00 annualized dividend and a yield of 1.5%. Wintrust Financial’s payout ratio is 18.92%.

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.