Envestnet Portfolio Solutions Inc. Has $690,000 Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Envestnet Portfolio Solutions Inc. grew its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 6.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,532 shares of the bank’s stock after acquiring an additional 324 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Wintrust Financial were worth $690,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Journey Strategic Wealth LLC increased its holdings in shares of Wintrust Financial by 3.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 2,569 shares of the bank’s stock valued at $320,000 after purchasing an additional 89 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Wintrust Financial by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank’s stock valued at $2,307,000 after buying an additional 100 shares during the period. Captrust Financial Advisors raised its position in shares of Wintrust Financial by 2.8% during the third quarter. Captrust Financial Advisors now owns 3,859 shares of the bank’s stock worth $419,000 after acquiring an additional 104 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Wintrust Financial by 1.7% during the third quarter. MML Investors Services LLC now owns 6,201 shares of the bank’s stock valued at $673,000 after acquiring an additional 106 shares during the period. Finally, Access Investment Management LLC boosted its holdings in Wintrust Financial by 0.7% in the fourth quarter. Access Investment Management LLC now owns 17,855 shares of the bank’s stock valued at $2,227,000 after acquiring an additional 130 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Up 2.5 %

Shares of Wintrust Financial stock opened at $116.28 on Tuesday. Wintrust Financial Co. has a 1 year low of $91.38 and a 1 year high of $142.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. The company has a market capitalization of $7.76 billion, a P/E ratio of 11.28 and a beta of 1.16. The business has a 50-day moving average of $124.52 and a two-hundred day moving average of $122.12.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, topping the consensus estimate of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the prior year, the company posted $1.87 EPS. As a group, equities analysts predict that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.72%. Wintrust Financial’s dividend payout ratio is presently 19.40%.

Insiders Place Their Bets

In other news, insider Richard B. Murphy sold 3,186 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total value of $418,321.80. Following the sale, the insider now directly owns 48,814 shares in the company, valued at $6,409,278.20. This trade represents a 6.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David L. Stoehr sold 2,363 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total transaction of $310,309.16. Following the transaction, the chief financial officer now owns 19,858 shares of the company’s stock, valued at $2,607,752.56. The trade was a 10.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,178 shares of company stock worth $1,336,315. Corporate insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays boosted their price objective on Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. StockNews.com downgraded shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a research note on Monday, January 6th. Raymond James reiterated a “strong-buy” rating and set a $150.00 target price (up previously from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $152.00 price target on shares of Wintrust Financial in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $133.69.

Wintrust Financial 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.