Wintrust Financial Corporation $WTFC Stock Holdings Lessened by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 908,657 shares of the bank’s stock after selling 37,537 shares during the quarter. JPMorgan Chase & Co. owned 1.36% of Wintrust Financial worth $120,343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial in the 1st quarter valued at $27,000. Jones Financial Companies Lllp boosted its holdings in shares of Wintrust Financial by 49.0% in the first quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock worth $115,000 after buying an additional 335 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 worth $20,179,000 after acquiring an additional 12,103 shares in the last quarter. CWM LLC raised its holdings in shares of Wintrust Financial by 13.8% during the second quarter. CWM LLC now owns 1,398 shares of the bank’s stock valued at $173,000 after acquiring an additional 169 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of Wintrust Financial by 1.5% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 15,866 shares of the bank’s stock valued at $1,967,000 after acquiring an additional 229 shares in the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, insider Richard B. Murphy sold 3,291 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $146.05, for a total transaction of $480,650.55. Following the completion of the transaction, the insider owned 46,049 shares of the company’s stock, valued at $6,725,456.45. The trade was a 6.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 314 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $145.43, for a total value of $45,665.02. Following the completion of the sale, the executive vice president directly owned 1,947 shares in the company, valued at approximately $283,152.21. This represents a 13.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,662 shares of company stock worth $1,705,730 in the last 90 days. Company insiders own 1.01% of the company’s stock.

Wall Street Analysts Forecast Growth

WTFC has been the topic of several recent analyst reports. TD Cowen upped their price target on Wintrust Financial from $170.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada increased their price target on shares of Wintrust Financial from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Stephens upped their price objective on shares of Wintrust Financial from $158.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. DA Davidson lifted their target price on shares of Wintrust Financial from $165.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Citigroup upped their price target on shares of Wintrust Financial from $167.00 to $178.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $165.31.

Wintrust Financial Stock Performance

WTFC stock opened at $156.30 on Monday. The firm has a 50 day moving average of $147.77 and a two-hundred day moving average of $137.47. Wintrust Financial Corporation has a 12 month low of $89.10 and a 12 month high of $162.96. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 13.71 and a beta of 0.88. 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 (NASDAQ:WTFC) last released its quarterly earnings data 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 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 quarter in the previous year, the business earned $2.63 EPS. As a group, equities analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were paid a dividend of $0.55 per share. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, February 5th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio is currently 19.30%.

About Wintrust Financial

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.