1,623 Shares in Wintrust Financial Co. (NASDAQ:WTFC) Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. bought a new stake in Wintrust Financial Co. (NASDAQ:WTFC) during the 4th quarter, Holdings Channel.com reports. The fund bought 1,623 shares of the bank’s stock, valued at approximately $202,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Wintrust Financial by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 6,911,488 shares of the bank’s stock valued at $861,932,000 after buying an additional 58,162 shares in the last quarter. LPL Financial LLC lifted its position in Wintrust Financial by 29.3% during the fourth quarter. LPL Financial LLC now owns 15,980 shares of the bank’s stock valued at $1,993,000 after acquiring an additional 3,622 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Wintrust Financial in the fourth quarter valued at approximately $1,684,000. Sei Investments Co. grew its holdings in Wintrust Financial by 261.4% in the fourth quarter. Sei Investments Co. now owns 698,628 shares of the bank’s stock worth $87,126,000 after purchasing an additional 505,293 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new position in shares of Wintrust Financial during the fourth quarter worth $43,000. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Price Performance

NASDAQ:WTFC opened at $112.12 on Friday. The firm’s fifty day moving average is $123.01 and its two-hundred day moving average is $122.15. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 10.87 and a beta of 1.16. Wintrust Financial Co. has a one year low of $91.38 and a one year high of $142.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period in the prior year, the business earned $1.87 EPS. Research analysts expect that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.78%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 6th. Wintrust Financial’s payout ratio is 19.40%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WTFC shares. Truist Financial raised Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Barclays raised their price target on Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Piper Sandler upped their price objective on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. StockNews.com lowered shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Saturday, February 15th. Finally, Raymond James reissued a “strong-buy” rating and set a $150.00 target price (up previously from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $133.69.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 2,363 shares of Wintrust Financial stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total value of $310,309.16. Following the completion of the transaction, the chief financial officer now owns 19,858 shares of the company’s stock, valued at approximately $2,607,752.56. The trade was a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO David A. Dykstra sold 4,213 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total transaction of $553,209.03. Following the sale, the chief operating officer now directly owns 206,294 shares in the company, valued at approximately $27,088,465.14. The trade was a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,178 shares of company stock worth $1,336,315 in the last three months. Company insiders own 1.47% of the company’s stock.

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.