Wintrust Financial Corporation $WTFC Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 405,599 shares of the bank’s stock after purchasing an additional 11,644 shares during the period. Envestnet Asset Management Inc.’s holdings in Wintrust Financial were worth $53,718,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Wintrust Financial during the second quarter worth about $87,418,000. Thrivent Financial for Lutherans increased its position in Wintrust Financial by 417.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 506,766 shares of the bank’s stock valued at $67,116,000 after acquiring an additional 408,925 shares during the period. Azora Capital LP purchased a new stake in Wintrust Financial during the 2nd quarter valued at approximately $44,085,000. Jennison Associates LLC lifted its position in Wintrust Financial by 16.0% during the 2nd quarter. Jennison Associates LLC now owns 936,834 shares of the bank’s stock worth $116,149,000 after acquiring an additional 129,444 shares during the period. Finally, Adage Capital Partners GP L.L.C. purchased a new position in shares of Wintrust Financial in the 2nd quarter valued at approximately $15,002,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Trading Down 1.7%

Shares of WTFC opened at $158.57 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $10.62 billion, a P/E ratio of 13.91 and a beta of 0.88. The stock’s fifty day simple moving average is $144.89 and its 200 day simple moving average is $135.82. Wintrust Financial Corporation has a twelve month low of $89.10 and a twelve month high of $162.96.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, January 20th. The bank reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. The firm had revenue of $714.26 million during the quarter, compared to the consensus estimate of $700.85 million. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.During the same quarter in the previous year, the business earned $2.63 earnings per share. On average, equities research analysts forecast that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be issued a $0.55 dividend. The ex-dividend date is Thursday, February 5th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.50. This represents a $2.20 annualized dividend and a yield of 1.4%. Wintrust Financial’s payout ratio is 19.30%.

Insider Activity

In other Wintrust Financial news, insider David Eric Lee sold 558 shares of Wintrust Financial stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $147.42, for a total transaction of $82,260.36. Following the transaction, the insider directly owned 16,085 shares of the company’s stock, valued at $2,371,250.70. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Richard B. Murphy sold 3,291 shares of the stock in a transaction 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 sale, the insider directly 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,662 shares of company stock valued at $1,705,730 over the last quarter. 1.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WTFC has been the subject of several analyst reports. DA Davidson upped their price target on Wintrust Financial from $165.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Barclays lifted their price target on shares of Wintrust Financial from $178.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Wintrust Financial in a research report on Wednesday, January 21st. Royal Bank Of Canada lifted their price objective on Wintrust Financial from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group cut their target price on shares of Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. One 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $165.31.

Wintrust Financial Company 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.