Simplicity Wealth LLC Invests $866,000 in Wintrust Financial Corporation $WTFC

Simplicity Wealth LLC acquired a new stake in Wintrust Financial Corporation (NASDAQ:WTFC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,389 shares of the bank’s stock, valued at approximately $866,000.

Several other institutional investors also recently modified their holdings of the stock. Global Retirement Partners LLC bought a new position in shares of Wintrust Financial in the 2nd quarter valued at $510,000. Alberta Investment Management Corp acquired a new stake in shares of Wintrust Financial during the 2nd quarter valued at $4,500,000. Bank of New York Mellon Corp bought a new stake in Wintrust Financial during the 2nd quarter worth $92,391,000. GSA Capital Partners LLP bought a new stake in Wintrust Financial during the 2nd quarter worth $1,437,000. Finally, Handelsbanken Fonder AB increased its holdings in Wintrust Financial by 7.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 16,723 shares of the bank’s stock worth $2,688,000 after purchasing an additional 1,100 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WTFC has been the subject of several research reports. TD Cowen dropped their target price on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Royal Bank Of Canada raised their price objective on shares of Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Capital One Financial set a $170.00 price target on shares of Wintrust Financial in a research report on Tuesday, July 21st. DA Davidson raised their price target on shares of Wintrust Financial from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, Brean Capital lowered shares of Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 price target on the stock. in a report on Tuesday, July 21st. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Wintrust Financial presently has an average rating of “Moderate Buy” and an average target price of $177.77.

Wintrust Financial Price Performance

Wintrust Financial stock opened at $162.47 on Monday. The stock’s 50 day moving average is $159.75 and its 200 day moving average is $151.03. 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 firm has a market cap of $10.96 billion, a P/E ratio of 13.05 and a beta of 0.85. Wintrust Financial Corporation has a one year low of $119.61 and a one year high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The company had revenue of $738.63 million during the quarter, compared to analysts’ expectations of $735.36 million. During the same period in the prior year, the company posted $2.78 earnings per share. Wintrust Financial’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, research analysts expect that Wintrust Financial Corporation will post 13.04 EPS for the current year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 6th. Wintrust Financial’s payout ratio is currently 17.67%.

Insider Buying and Selling at Wintrust Financial

In related news, COO David A. Dykstra sold 13,515 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the transaction, the chief operating officer directly owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. The trade was a 7.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.24% of the company’s stock.

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.