Janus Henderson Group PLC Cuts Position in Wintrust Financial Co. (NASDAQ:WTFC)

Janus Henderson Group PLC lessened its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 767,743 shares of the bank’s stock after selling 35,717 shares during the period. Janus Henderson Group PLC owned approximately 1.15% of Wintrust Financial worth $83,325,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its stake in Wintrust Financial by 14.1% in the third quarter. FMR LLC now owns 5,153,999 shares of the bank’s stock valued at $559,364,000 after purchasing an additional 637,072 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Wintrust Financial by 36.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock valued at $87,132,000 after purchasing an additional 213,559 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Wintrust Financial by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock valued at $297,376,000 after purchasing an additional 146,090 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Wintrust Financial by 11.3% in the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock valued at $141,981,000 after purchasing an additional 133,311 shares during the last quarter. Finally, F M Investments LLC purchased a new position in Wintrust Financial in the second quarter valued at approximately $11,850,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on WTFC shares. Piper Sandler upped their price objective on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Citigroup upped their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial lifted their price objective on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. DA Davidson boosted their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Raymond James increased their target price on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Wintrust Financial currently has an average rating of “Moderate Buy” and an average target price of $123.00.

Wintrust Financial Trading Up 0.9 %

Shares of WTFC stock opened at $137.48 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. Wintrust Financial Co. has a 52-week low of $89.18 and a 52-week high of $142.04. The company has a market capitalization of $9.14 billion, a PE ratio of 14.40 and a beta of 1.18. The business’s fifty day moving average is $120.26 and its 200 day moving average is $108.03.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The business had revenue of $615.73 million during the quarter, compared to analysts’ expectations of $623.45 million. During the same quarter last year, the business posted $2.53 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities research analysts anticipate that Wintrust Financial Co. will post 10.12 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were given a $0.45 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.31%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.85%.

Insider Activity at Wintrust Financial

In related news, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total value of $473,967.37. Following the transaction, the insider now owns 42,311 shares of the company’s stock, valued at $4,892,420.93. This represents a 8.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David A. Dykstra sold 15,492 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the transaction, the chief operating officer now directly owns 197,591 shares in the company, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,198 shares of company stock valued at $2,445,314 over the last 90 days. 1.47% of the stock is owned by insiders.

Wintrust Financial Company Profile

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.