Alberta Investment Management Corp Makes New $11.12 Million Investment in Wintrust Financial Corporation $WTFC

Alberta Investment Management Corp bought a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 79,550 shares of the bank’s stock, valued at approximately $11,123,000.

Other large investors also recently made changes to their positions in the company. First Trust Advisors LP grew its holdings in shares of Wintrust Financial by 5.4% in 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 in the last quarter. Clark Capital Management Group Inc. lifted its holdings in Wintrust Financial by 27.1% during the third quarter. Clark Capital Management Group Inc. now owns 572,816 shares of the bank’s stock worth $75,864,000 after acquiring an additional 122,221 shares during the period. Polar Asset Management Partners Inc. bought a new stake in Wintrust Financial during the third quarter worth $14,094,000. Aptus Capital Advisors LLC boosted its position in Wintrust Financial by 15.1% in the third quarter. Aptus Capital Advisors LLC now owns 86,852 shares of the bank’s stock worth $11,503,000 after purchasing an additional 11,420 shares during the last quarter. Finally, Artemis Investment Management LLP purchased a new position in Wintrust Financial in the fourth quarter worth $59,287,000. 93.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WTFC. Stephens began coverage on Wintrust Financial in a research report on Friday, March 27th. They set an “equal weight” rating and a $160.00 target price for the company. Piper Sandler restated an “overweight” rating and set a $188.00 price target (up from $184.00) on shares of Wintrust Financial in a research report on Wednesday, April 22nd. Royal Bank Of Canada raised their price objective on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. TD Cowen lifted their price objective on shares of Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Truist Financial dropped their target price on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Wintrust Financial presently has an average rating of “Moderate Buy” and a consensus price target of $168.92.

Insider Activity

In related news, Director Suzet M. Mckinney sold 500 shares of Wintrust Financial stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $148.96, for a total value of $74,480.00. Following the completion of the transaction, the director directly owned 3,303 shares in the company, valued at approximately $492,014.88. The trade was a 13.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David L. Stoehr sold 3,020 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total transaction of $454,359.00. Following the sale, the chief financial officer directly owned 13,213 shares in the company, valued at $1,987,895.85. The trade was a 18.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,099 shares of company stock valued at $1,954,386 over the last quarter. Company insiders own 1.24% of the company’s stock.

Wintrust Financial Stock Up 0.3%

Shares of NASDAQ WTFC opened at $157.19 on Wednesday. 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 $10.60 billion, a PE ratio of 13.18 and a beta of 0.84. Wintrust Financial Corporation has a one year low of $116.57 and a one year high of $162.96. The business’s fifty day moving average price is $149.50 and its 200-day moving average price is $145.57.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, April 20th. The bank reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.26. The business had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $707.23 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.69 EPS. On average, equities research analysts anticipate that Wintrust Financial Corporation will post 13.07 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were given a $0.55 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Wintrust Financial’s payout ratio is 18.44%.

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.