Envestnet Asset Management Inc. Grows Stock Holdings in Wintrust Financial Corporation $WTFC

Envestnet Asset Management Inc. increased its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 405,599 shares of the bank’s stock after acquiring an additional 11,644 shares during the period. Envestnet Asset Management Inc. owned about 0.61% of Wintrust Financial worth $53,718,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of Wintrust Financial in the third quarter valued at approximately $27,000. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial during the 1st quarter worth approximately $27,000. Quent Capital LLC purchased a new position in Wintrust Financial in the 3rd quarter valued at approximately $41,000. Richardson Financial Services Inc. grew its stake in shares of Wintrust Financial by 75.3% in the third quarter. Richardson Financial Services Inc. now owns 312 shares of the bank’s stock worth $41,000 after acquiring an additional 134 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of Wintrust Financial during the second quarter worth $41,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider David Eric Lee sold 558 shares of the company’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $147.42, for a total value of $82,260.36. Following the completion of the sale, the insider directly owned 16,085 shares of the company’s stock, valued at $2,371,250.70. This represents a 3.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard B. Murphy sold 3,291 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 46,049 shares in the company, valued at $6,725,456.45. This represents a 6.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 11,662 shares of company stock worth $1,705,730. Corporate insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on WTFC. Barclays boosted their target price on Wintrust Financial from $178.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. Piper Sandler lifted their price objective on Wintrust Financial from $161.00 to $184.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada upped their target price on shares of Wintrust Financial from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Jefferies Financial Group decreased their price target on shares of Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Wintrust Financial in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $165.31.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $158.57 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Wintrust Financial Corporation has a 52 week low of $89.10 and a 52 week high of $162.96. The firm’s 50 day moving average is $144.89 and its two-hundred day moving average is $135.82. The firm has a market capitalization of $10.62 billion, a P/E ratio of 13.91 and a beta of 0.88.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Tuesday, January 20th. The bank reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.22. The business had revenue of $714.26 million during the quarter, compared to analysts’ expectations of $700.85 million. Wintrust Financial had a net margin of 19.48% and a return on equity of 12.95%. During the same quarter in the prior year, the business posted $2.63 EPS. Research analysts forecast that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

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

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.