Wellington Management Group LLP Has $18.36 Million Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Wellington Management Group LLP trimmed its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 31.8% during the third quarter, Holdings Channel.com reports. The firm owned 169,197 shares of the bank’s stock after selling 78,955 shares during the period. Wellington Management Group LLP’s holdings in Wintrust Financial were worth $18,363,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Wintrust Financial in the third quarter valued at approximately $35,000. UMB Bank n.a. lifted its holdings in Wintrust Financial by 62.0% in the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after buying an additional 196 shares during the period. Brooklyn Investment Group acquired a new position in Wintrust Financial in the third quarter valued at approximately $61,000. Covestor Ltd lifted its holdings in Wintrust Financial by 77.9% in the third quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after buying an additional 286 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Wintrust Financial by 11.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock valued at $85,000 after buying an additional 91 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WTFC has been the topic of several analyst reports. DA Davidson increased their price objective on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Wedbush reiterated an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a report on Tuesday, October 22nd. Barclays increased their target price on shares of Wintrust Financial from $130.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Truist Financial increased their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Piper Sandler increased their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.62.

Wintrust Financial Stock Down 1.3 %

Shares of WTFC stock opened at $131.41 on Friday. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 13.76 and a beta of 1.18. Wintrust Financial Co. has a 12-month low of $89.68 and a 12-month high of $142.04. The firm has a fifty day moving average of $124.79 and a 200-day moving average of $109.88. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). The business had revenue of $615.73 million during the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the business posted $2.53 EPS. As a group, equities research analysts predict that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Thursday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.85%.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 15,492 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the sale, the chief operating officer now owns 197,591 shares in the company, valued at $22,817,808.68. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total transaction of $473,967.37. Following the completion of the sale, the insider now owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This represents a 8.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,198 shares of company stock valued at $2,445,314. Corporate insiders own 1.47% of the company’s stock.

Wintrust Financial Company Profile

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.