Allianz Asset Management GmbH Has $6.48 Million Stock Holdings in Wintrust Financial Corporation $WTFC

Allianz Asset Management GmbH lowered its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 8.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,950 shares of the bank’s stock after selling 4,635 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.07% of Wintrust Financial worth $6,483,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Advisors Asset Management Inc. bought a new position in Wintrust Financial in the first quarter valued at approximately $27,000. Jones Financial Companies Lllp boosted its holdings in shares of Wintrust Financial by 49.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock valued at $115,000 after buying an additional 335 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Wintrust Financial by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock valued at $20,179,000 after buying an additional 12,103 shares in the last quarter. KLP Kapitalforvaltning AS increased its holdings in Wintrust Financial by 4.6% during the second quarter. KLP Kapitalforvaltning AS now owns 13,600 shares of the bank’s stock worth $1,686,000 after buying an additional 600 shares during the last quarter. Finally, Callan Family Office LLC bought a new stake in Wintrust Financial during the second quarter worth $409,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WTFC has been the subject of a number of analyst reports. Truist Financial lifted their price objective on shares of Wintrust Financial from $158.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 26th. DA Davidson lifted their price target on Wintrust Financial from $165.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Stephens boosted their price target on Wintrust Financial from $158.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Citigroup raised their price objective on Wintrust Financial from $167.00 to $178.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, Piper Sandler boosted their target price on Wintrust Financial from $161.00 to $184.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $165.31.

Wintrust Financial Stock Down 1.7%

WTFC opened at $158.57 on Tuesday. The stock has a fifty day moving average of $144.89 and a 200-day moving average of $135.82. The company has a market capitalization of $10.62 billion, a P/E ratio of 13.91 and a beta of 0.88. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $162.96. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.99 and a current ratio of 1.00.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, January 20th. The bank reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The business had revenue of $714.26 million for the quarter, compared to analyst estimates of $700.85 million. Wintrust Financial had a net margin of 19.48% and a return on equity of 12.95%. During the same period last year, the firm earned $2.63 earnings per share. On average, equities analysts expect that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th will be given a $0.55 dividend. The ex-dividend date is Thursday, February 5th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.50. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.30%.

Insiders Place Their Bets

In other Wintrust Financial news, CFO David L. Stoehr sold 2,499 shares of Wintrust Financial stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $146.16, for a total value of $365,253.84. Following the completion of the transaction, the chief financial officer directly owned 18,638 shares of the company’s stock, valued at $2,724,130.08. The trade was a 11.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard B. Murphy sold 3,291 shares of the stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $146.05, for a total value of $480,650.55. Following the sale, the insider directly owned 46,049 shares in the company, valued at approximately $6,725,456.45. This trade represents a 6.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,662 shares of company stock valued at $1,705,730 in the last quarter. Company insiders own 1.01% of the company’s stock.

Wintrust Financial 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.