Xponance Inc. Purchases 405 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Xponance Inc. increased its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,523 shares of the bank’s stock after buying an additional 405 shares during the period. Xponance Inc.’s holdings in Wintrust Financial were worth $938,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. FMR LLC increased its position in shares of Wintrust Financial by 14.1% during the 3rd quarter. FMR LLC now owns 5,153,999 shares of the bank’s stock valued at $559,364,000 after purchasing an additional 637,072 shares during the last quarter. State Street Corp increased its holdings in Wintrust Financial by 5.1% during the third quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock worth $285,169,000 after buying an additional 126,724 shares during the last quarter. Principal Financial Group Inc. raised its position in Wintrust Financial by 11.3% in the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock worth $141,981,000 after acquiring an additional 133,311 shares during the period. Geode Capital Management LLC boosted its stake in Wintrust Financial by 8.8% in the third quarter. Geode Capital Management LLC now owns 1,155,726 shares of the bank’s stock valued at $125,464,000 after acquiring an additional 92,995 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Wintrust Financial by 36.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock valued at $87,132,000 after acquiring an additional 213,559 shares during the period. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $113.45 on Monday. The stock’s 50-day simple moving average is $124.72 and its two-hundred day simple moving average is $122.04. Wintrust Financial Co. has a twelve month low of $91.38 and a twelve month high of $142.04. The firm has a market capitalization of $7.57 billion, a P/E ratio of 11.00 and a beta of 1.16. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period in the previous year, the business earned $1.87 EPS. As a group, equities analysts anticipate that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Thursday, February 6th. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio is currently 19.40%.

Insider Buying and Selling at Wintrust Financial

In related news, insider Richard B. Murphy sold 3,186 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total transaction of $418,321.80. Following the transaction, the insider now directly owns 48,814 shares of the company’s stock, valued at approximately $6,409,278.20. This trade represents a 6.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total value of $54,475.20. Following the completion of the sale, the executive vice president now directly owns 2,276 shares of the company’s stock, valued at approximately $298,042.20. This represents a 15.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,178 shares of company stock worth $1,336,315 over the last 90 days. Corporate insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

WTFC has been the topic of several research analyst reports. Raymond James reiterated a “strong-buy” rating and issued a $150.00 price objective (up previously from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. UBS Group started coverage on Wintrust Financial in a research note on Tuesday, December 17th. They set a “buy” rating and a $157.00 price target for the company. Truist Financial upgraded Wintrust Financial to a “strong-buy” rating in a research note on Monday, January 6th. Barclays increased their target price on shares of Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 price target on shares of Wintrust Financial in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.69.

About Wintrust Financial

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.