Citigroup Inc. Has $8.27 Million Stock Position in Wintrust Financial Corporation $WTFC

Citigroup Inc. lessened its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 52.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,443 shares of the bank’s stock after selling 69,835 shares during the quarter. Citigroup Inc. owned about 0.09% of Wintrust Financial worth $8,270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of WTFC. Principal Financial Group Inc. grew its stake in shares of Wintrust Financial by 6.1% during the third quarter. Principal Financial Group Inc. now owns 1,300,234 shares of the bank’s stock worth $172,204,000 after purchasing an additional 75,155 shares during the period. Cornerstone Planning Group LLC lifted its stake in Wintrust Financial by 73,013.8% in the third quarter. Cornerstone Planning Group LLC now owns 42,406 shares of the bank’s stock valued at $5,616,000 after buying an additional 42,348 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Wintrust Financial by 417.9% during the third quarter. Thrivent Financial for Lutherans now owns 506,766 shares of the bank’s stock worth $67,116,000 after buying an additional 408,925 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Wintrust Financial by 3.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 405,599 shares of the bank’s stock worth $53,718,000 after buying an additional 11,644 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Wintrust Financial by 4.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 200,710 shares of the bank’s stock valued at $26,413,000 after acquiring an additional 8,758 shares during the last quarter. 93.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Wintrust Financial

In other news, insider Richard B. Murphy sold 3,291 shares of Wintrust Financial stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $146.05, for a total transaction of $480,650.55. Following the completion of the transaction, the insider directly owned 46,049 shares in the company, valued at approximately $6,725,456.45. The trade was a 6.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kathleen M. Boege sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $146.38, for a total value of $731,900.00. Following the transaction, the executive vice president directly owned 22,883 shares in the company, valued at $3,349,613.54. The trade was a 17.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,662 shares of company stock valued at $1,705,730 in the last three months. Corporate insiders own 1.01% of the company’s stock.

Analysts Set New Price Targets

WTFC has been the subject of a number of analyst reports. TD Cowen boosted their price objective on shares of Wintrust Financial from $170.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. UBS Group reissued a “buy” rating and issued a $176.00 price target on shares of Wintrust Financial in a report on Wednesday, February 4th. Truist Financial raised their price objective on Wintrust Financial from $158.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Stephens boosted their target price on Wintrust Financial from $158.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Finally, DA Davidson raised their price target on Wintrust Financial from $165.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Wintrust Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.31.

Wintrust Financial Stock Down 5.3%

NASDAQ:WTFC opened at $144.06 on Monday. Wintrust Financial Corporation has a twelve month low of $89.10 and a twelve month high of $162.96. The firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 12.64 and a beta of 0.85. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average price is $148.50 and its two-hundred day moving average price is $138.31.

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

Wintrust Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were paid a $0.55 dividend. This is an increase 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 yield of 1.5%. Wintrust Financial’s dividend payout ratio (DPR) is 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.