Jane Street Group LLC Acquires 32,926 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Jane Street Group LLC raised its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 530.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 39,135 shares of the bank’s stock after acquiring an additional 32,926 shares during the period. Jane Street Group LLC’s holdings in Wintrust Financial were worth $4,247,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new position in shares of Wintrust Financial during the third quarter valued at approximately $35,000. UMB Bank n.a. grew its position in Wintrust Financial by 62.0% in the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock worth $56,000 after purchasing an additional 196 shares during the period. Brooklyn Investment Group purchased a new stake in Wintrust Financial during the 3rd quarter valued at $61,000. Covestor Ltd lifted its holdings in shares of Wintrust Financial by 77.9% during the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after buying an additional 286 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Wintrust Financial by 11.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock worth $85,000 after buying an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on WTFC. Citigroup upped their price objective on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. DA Davidson increased their price objective on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. UBS Group began coverage on shares of Wintrust Financial in a research report on Tuesday. They set a “buy” rating and a $157.00 target price for the company. Truist Financial upped their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Raymond James lifted their price target on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

Wintrust Financial Price Performance

NASDAQ:WTFC opened at $130.25 on Wednesday. The business’s 50-day simple moving average is $125.79 and its two-hundred day simple moving average is $110.53. Wintrust Financial Co. has a 52 week low of $89.68 and a 52 week high of $142.04. The stock has a market cap of $8.66 billion, a PE ratio of 13.64 and a beta of 1.18. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.47 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 period in the prior year, the firm posted $2.53 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, analysts forecast that Wintrust Financial Co. will post 10.12 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.38%. Wintrust Financial’s dividend payout ratio is 18.85%.

Insiders Place Their Bets

In other news, COO David A. Dykstra sold 15,492 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the completion of the transaction, the chief operating officer now owns 197,591 shares in the company, valued at $22,817,808.68. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the transaction, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. The trade was a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,198 shares of company stock worth $2,445,314 in the last 90 days. 1.47% of the stock is currently owned by corporate insiders.

About Wintrust Financial

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.