Meeder Asset Management Inc. Has $1.93 Million Stock Position in Wintrust Financial Corporation $WTFC

Meeder Asset Management Inc. lowered its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 91.0% in the first quarter, HoldingsChannel reports. The firm owned 13,921 shares of the bank’s stock after selling 141,054 shares during the period. Meeder Asset Management Inc.’s holdings in Wintrust Financial were worth $1,934,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Wintrust Financial in the fourth quarter valued at approximately $111,924,000. Wellington Management Group LLP acquired a new position in shares of Wintrust Financial during the 3rd quarter worth approximately $90,187,000. Artemis Investment Management LLP bought a new stake in Wintrust Financial in the 4th quarter valued at $59,287,000. Vaughan Nelson Investment Management L.P. bought a new stake in Wintrust Financial in the 1st quarter valued at $34,272,000. Finally, Balyasny Asset Management L.P. lifted its holdings in Wintrust Financial by 491.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 254,329 shares of the bank’s stock valued at $35,560,000 after purchasing an additional 211,338 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insider Buying and Selling

In other Wintrust Financial news, Director Suzet M. Mckinney sold 500 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $148.96, for a total transaction of $74,480.00. Following the transaction, the director owned 3,303 shares in the company, valued at $492,014.88. This represents a 13.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO David A. Dykstra sold 9,579 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the transaction, the chief operating officer directly owned 179,810 shares in the company, valued at $26,759,324.20. This represents a 5.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 13,099 shares of company stock valued at $1,954,386. 1.24% of the stock is owned by company insiders.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC opened at $163.66 on Tuesday. 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 $11.04 billion, a price-to-earnings ratio of 13.72 and a beta of 0.84. The stock’s fifty day moving average price is $155.48 and its two-hundred day moving average price is $149.06. 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 earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. The company had revenue of $961.41 million during the quarter, compared to the consensus estimate of $735.36 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.During the same quarter last year, the firm earned $2.78 earnings per share. On average, equities analysts forecast that Wintrust Financial Corporation will post 13.03 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Truist Financial lifted their price objective on shares of Wintrust Financial from $170.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Citigroup increased their price objective on shares of Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Barclays raised their target price on shares of Wintrust Financial from $190.00 to $192.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Piper Sandler reiterated an “overweight” rating and issued a $188.00 price target (up from $184.00) on shares of Wintrust Financial in a research note on Wednesday, April 22nd. Finally, Raymond James Financial started coverage on shares of Wintrust Financial in a report on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 price target on the stock. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Wintrust Financial presently has an average rating of “Moderate Buy” and an average price target of $174.92.

Wintrust Financial 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.