Future Fund LLC Acquires 5,810 Shares of Wintrust Financial Corporation $WTFC

Future Fund LLC boosted its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 42.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,552 shares of the bank’s stock after purchasing an additional 5,810 shares during the period. Wintrust Financial makes up 0.9% of Future Fund LLC’s portfolio, making the stock its 26th largest position. Future Fund LLC’s holdings in Wintrust Financial were worth $2,734,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Principal Financial Group Inc. raised 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 valued at $172,204,000 after acquiring an additional 75,155 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Wintrust Financial by 73,013.8% during the third quarter. Cornerstone Planning Group LLC now owns 42,406 shares of the bank’s stock valued at $5,616,000 after acquiring an additional 42,348 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Wintrust Financial by 417.9% during the third 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 last quarter. Envestnet Asset Management Inc. raised its stake in shares of Wintrust Financial by 3.0% during the third quarter. Envestnet Asset Management Inc. now owns 405,599 shares of the bank’s stock valued at $53,718,000 after acquiring an additional 11,644 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Wintrust Financial by 5.4% during the third quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock valued at $263,940,000 after acquiring an additional 102,833 shares during the last quarter. 93.48% of the stock is owned by institutional investors.

Insider Activity at Wintrust Financial

In related news, Director Suzet M. Mckinney sold 500 shares of Wintrust Financial stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the sale, the director directly owned 3,303 shares in the company, valued at $492,014.88. The trade was a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO David A. Dykstra sold 9,579 shares of Wintrust Financial stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $148.82, for a total value of $1,425,546.78. Following the sale, the chief operating officer owned 179,810 shares in the company, valued at $26,759,324.20. This represents a 5.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,099 shares of company stock worth $1,954,386 over the last ninety days. 1.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WTFC has been the subject of several recent analyst reports. Citigroup upped their price objective on shares of Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada upped their price objective on shares of Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Truist Financial lowered their price objective on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Stephens initiated coverage on shares of Wintrust Financial in a research note on Friday, March 27th. They set an “equal weight” rating and a $160.00 price objective for the company. Finally, DA Davidson reaffirmed a “buy” rating and set a $165.00 price objective on shares of Wintrust Financial in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.92.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $150.23 on Friday. Wintrust Financial Corporation has a 1 year low of $116.57 and a 1 year high of $162.96. The company’s 50-day moving average is $145.33 and its 200 day moving average is $143.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a market capitalization of $10.13 billion, a P/E ratio of 12.59 and a beta of 0.86.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, April 20th. The bank reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.26. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The firm had revenue of $713.17 million during the quarter, compared to analyst estimates of $707.23 million. During the same quarter in the prior year, the company earned $2.69 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. On average, sell-side analysts expect that Wintrust Financial Corporation will post 13.07 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, May 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Wintrust Financial’s payout ratio is currently 18.44%.

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.