Concurrent Investment Advisors LLC Grows Position in Wintrust Financial Corporation $WTFC

Concurrent Investment Advisors LLC grew its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,393 shares of the bank’s stock after acquiring an additional 207 shares during the period. Concurrent Investment Advisors LLC’s holdings in Wintrust Financial were worth $1,289,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in WTFC. GAMMA Investing LLC boosted its holdings in shares of Wintrust Financial by 89.8% in the 1st quarter. GAMMA Investing LLC now owns 2,384 shares of the bank’s stock valued at $268,000 after acquiring an additional 1,128 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Wintrust Financial in the 1st quarter valued at $403,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Wintrust Financial by 27.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,612 shares of the bank’s stock valued at $856,000 after acquiring an additional 1,655 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Wintrust Financial by 1,132.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,639 shares of the bank’s stock valued at $184,000 after acquiring an additional 1,506 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Wintrust Financial by 8.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,885 shares of the bank’s stock valued at $1,449,000 after acquiring an additional 957 shares during the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO David A. Dykstra sold 14,942 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $131.53, for a total transaction of $1,965,321.26. Following the transaction, the chief operating officer directly owned 182,208 shares in the company, valued at approximately $23,965,818.24. This trade represents a 7.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward J. Wehmer bought 3,919 shares of the stock in a transaction dated Friday, July 25th. The shares were acquired at an average price of $26.35 per share, for a total transaction of $103,265.65. Following the completion of the transaction, the insider owned 3,919 shares of the company’s stock, valued at approximately $103,265.65. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 1.01% of the stock is currently owned by company insiders.

Wintrust Financial Stock Down 2.8%

Shares of NASDAQ:WTFC opened at $128.05 on Thursday. The firm’s 50 day moving average price is $132.48 and its 200 day moving average price is $123.56. The stock has a market cap of $8.57 billion, a price-to-earnings ratio of 12.11 and a beta of 0.83. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $142.04. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.19. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. The firm had revenue of $670.78 million for the quarter, compared to analysts’ expectations of $661.43 million. During the same quarter last year, the company earned $2.32 earnings per share. As a group, equities research analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.00 dividend on an annualized basis and a yield of 1.6%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.92%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WTFC. DA Davidson upped their price objective on shares of Wintrust Financial from $135.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Barclays restated an “overweight” rating and set a $175.00 price objective on shares of Wintrust Financial in a research report on Wednesday, October 8th. Royal Bank Of Canada increased their target price on shares of Wintrust Financial from $137.00 to $158.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Truist Financial upped their price objective on shares of Wintrust Financial from $137.00 to $151.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, TD Cowen began coverage on shares of Wintrust Financial in a report on Thursday, September 25th. They issued a “buy” rating and a $166.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $149.57.

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.