Wintrust Financial Corporation $WTFC Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 526,386 shares of the bank’s stock after selling 17,674 shares during the quarter. Bank of New York Mellon Corp’s holdings in Wintrust Financial were worth $73,599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WTFC. Choreo LLC lifted its stake in Wintrust Financial by 3.4% in the fourth quarter. Choreo LLC now owns 2,121 shares of the bank’s stock valued at $299,000 after buying an additional 69 shares during the last quarter. GAMMA Investing LLC lifted its stake in Wintrust Financial by 4.6% in the fourth quarter. GAMMA Investing LLC now owns 1,755 shares of the bank’s stock valued at $245,000 after buying an additional 77 shares during the last quarter. Cresset Asset Management LLC lifted its stake in Wintrust Financial by 2.4% in the third quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock valued at $494,000 after buying an additional 88 shares during the last quarter. Savant Capital LLC lifted its stake in Wintrust Financial by 1.4% in the fourth quarter. Savant Capital LLC now owns 6,748 shares of the bank’s stock valued at $944,000 after buying an additional 95 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Wintrust Financial by 20.6% in the second quarter. NewEdge Advisors LLC now owns 586 shares of the bank’s stock valued at $73,000 after buying an additional 100 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WTFC has been the subject of several research analyst reports. Truist Financial cut their price objective on Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Citigroup increased their price objective on Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Barclays increased their price objective on Wintrust Financial from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Piper Sandler reiterated an “overweight” rating and issued a $188.00 price objective (up from $184.00) on shares of Wintrust Financial in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada increased their price objective on Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $168.92.

Wintrust Financial Stock Up 2.4%

WTFC opened at $155.20 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The firm has a market cap of $10.47 billion, a P/E ratio of 13.01 and a beta of 0.84. Wintrust Financial Corporation has a 52 week low of $116.57 and a 52 week high of $162.96. The business’s fifty day simple moving average is $147.66 and its 200 day simple moving average is $144.72.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, April 20th. The bank reported $3.22 earnings per share 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 for the quarter, compared to the consensus estimate of $707.23 million. During the same period in the prior year, the business posted $2.69 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Wintrust Financial Corporation will post 13.07 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Thursday, May 14th. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.44%.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, Director Suzet M. Mckinney sold 500 shares of the firm’s 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 completion of the sale, the director owned 3,303 shares in the company, valued at $492,014.88. This trade represents a 13.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David A. Dykstra sold 9,579 shares of the firm’s 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 of the company’s stock, valued at approximately $26,759,324.20. This trade represents a 5.06% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 13,099 shares of company stock worth $1,954,386. 1.24% of the stock is currently owned by company insiders.

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.