Massachusetts Financial Services Co. MA Has $46.79 Million Position in Wintrust Financial Co. (NASDAQ:WTFC)

Massachusetts Financial Services Co. MA decreased its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 431,147 shares of the bank’s stock after selling 11,929 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.65% of Wintrust Financial worth $46,792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its holdings in shares of Wintrust Financial by 825.0% during the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after buying an additional 264 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Wintrust Financial during the third quarter worth approximately $35,000. UMB Bank n.a. grew its position in shares of Wintrust Financial by 62.0% in the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after purchasing an additional 196 shares during the last quarter. Covestor Ltd increased its position in Wintrust Financial by 77.9% during the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock worth $71,000 after buying an additional 286 shares during the period. Finally, GAMMA Investing LLC increased its position in Wintrust Financial by 62.6% during the second quarter. GAMMA Investing LLC now owns 818 shares of the bank’s stock worth $81,000 after acquiring an additional 315 shares during the period. 93.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on WTFC. Wedbush reiterated an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Citigroup upped their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Raymond James lifted their target price on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 23rd. Truist Financial upped their price target on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Piper Sandler increased their price objective on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.00.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $137.08 on Monday. Wintrust Financial Co. has a 12 month low of $82.90 and a 12 month high of $137.32. The firm has a market capitalization of $9.11 billion, a PE ratio of 14.35 and a beta of 1.15. The firm has a fifty day simple moving average of $116.10 and a two-hundred day simple moving average of $106.27. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The company had revenue of $615.73 million during the quarter, compared to the consensus estimate of $623.45 million. During the same quarter in the prior year, the business earned $2.53 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts forecast that Wintrust Financial Co. will post 10.12 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.31%. The ex-dividend date was Thursday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.85%.

Insiders Place Their Bets

In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total value of $473,967.37. Following the transaction, the insider now owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. The trade was a 8.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David L. Stoehr sold 1,607 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. This represents a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,198 shares of company stock valued at $2,445,314. Corporate insiders own 1.47% of the company’s stock.

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.