Pictet Asset Management Holding SA Increases Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Pictet Asset Management Holding SA boosted its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,364 shares of the bank’s stock after buying an additional 850 shares during the period. Pictet Asset Management Holding SA’s holdings in Wintrust Financial were worth $1,168,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Millstone Evans Group LLC bought a new stake in shares of Wintrust Financial during the fourth quarter valued at approximately $43,000. Global Retirement Partners LLC boosted its holdings in shares of Wintrust Financial by 63.5% during the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock valued at $47,000 after buying an additional 146 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Wintrust Financial by 32.1% in the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock worth $67,000 after buying an additional 131 shares during the period. UMB Bank n.a. increased its stake in shares of Wintrust Financial by 32.2% in the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank’s stock worth $84,000 after acquiring an additional 165 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Wintrust Financial by 920.9% during the 4th quarter. Jones Financial Companies Lllp now owns 684 shares of the bank’s stock valued at $85,000 after acquiring an additional 617 shares during the period. 93.48% of the stock is owned by institutional investors.

Wintrust Financial Price Performance

NASDAQ WTFC opened at $96.28 on Friday. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 9.34 and a beta of 0.94. Wintrust Financial Co. has a 1-year low of $89.10 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 business’s fifty day moving average price is $120.32 and its 200-day moving average price is $122.35.

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

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.08%. Wintrust Financial’s payout ratio is presently 19.40%.

Wall Street Analyst Weigh In

WTFC has been the topic of a number of recent research reports. Piper Sandler upped their price objective on shares of Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. StockNews.com lowered Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Saturday, February 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 target price on shares of Wintrust Financial in a report on Thursday, January 23rd. UBS Group initiated coverage on Wintrust Financial in a report on Tuesday, December 17th. They set a “buy” rating and a $157.00 price target for the company. Finally, Barclays upped their price target on shares of Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Wintrust Financial presently has an average rating of “Moderate Buy” and a consensus target price of $133.69.

Insider Transactions at Wintrust Financial

In related news, CFO David L. Stoehr sold 2,363 shares of Wintrust Financial 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 directly owns 19,858 shares in the company, valued at approximately $2,607,752.56. The trade was a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total value of $54,475.20. Following the completion of the sale, the executive vice president now owns 2,276 shares of the company’s stock, valued at approximately $298,042.20. The trade was a 15.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,178 shares of company stock worth $1,336,315 in the last 90 days. 1.47% of the stock is currently owned by insiders.

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.