TD Private Client Wealth LLC Has $153,000 Holdings in Wintrust Financial Corporation $WTFC

TD Private Client Wealth LLC decreased its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 26.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,232 shares of the bank’s stock after selling 438 shares during the period. TD Private Client Wealth LLC’s holdings in Wintrust Financial were worth $153,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in WTFC. CHICAGO TRUST Co NA lifted its position in shares of Wintrust Financial by 0.5% in the 1st quarter. CHICAGO TRUST Co NA now owns 19,896 shares of the bank’s stock worth $2,238,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Wintrust Financial by 0.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the bank’s stock worth $2,092,000 after buying an additional 100 shares during the period. Securian Asset Management Inc. increased its holdings in Wintrust Financial by 2.0% during the 1st quarter. Securian Asset Management Inc. now owns 5,098 shares of the bank’s stock valued at $573,000 after purchasing an additional 100 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Wintrust Financial by 52.9% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank’s stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Wintrust Financial by 20.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 601 shares of the bank’s stock valued at $74,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Analysts Set New Price Targets

WTFC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on Wintrust Financial from $130.00 to $138.00 and gave the company a “market perform” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their target price on Wintrust Financial from $137.00 to $158.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Piper Sandler restated an “overweight” rating and set a $160.00 target price (up previously from $141.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. Truist Financial lifted their target price on Wintrust Financial from $137.00 to $151.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $157.00 target price (up from $155.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $148.64.

Wintrust Financial Price Performance

NASDAQ:WTFC opened at $134.04 on Monday. Wintrust Financial Corporation has a 52 week low of $89.10 and a 52 week high of $142.04. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 12.68 and a beta of 0.87. The firm’s 50-day simple moving average is $132.28 and its 200 day simple moving average is $122.15. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, July 21st. The bank reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. The business had revenue of $670.78 million for the quarter, compared to analyst estimates 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 last year, the firm earned $2.32 earnings per share. As a group, sell-side analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, August 7th. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.92%.

Insider Buying and Selling

In related news, COO David A. Dykstra sold 14,942 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $131.53, for a total transaction of $1,965,321.26. Following the sale, the chief operating officer directly owned 182,208 shares in the company, valued at $23,965,818.24. This trade represents a 7.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward J. Wehmer bought 3,919 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average price of $26.35 per share, for a total transaction of $103,265.65. Following the completion of the transaction, 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 disclosure for this purchase can be found here. Company insiders own 1.01% of the company’s stock.

About Wintrust Financial

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.