New York Life Investment Management LLC Takes $822,000 Position in Wintrust Financial Corporation $WTFC

New York Life Investment Management LLC acquired a new stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,876 shares of the bank’s stock, valued at approximately $822,000.

Several other large investors also recently added to or reduced their stakes in the company. Choreo LLC raised its stake in Wintrust Financial by 3.4% during the 4th quarter. Choreo LLC now owns 2,121 shares of the bank’s stock valued at $299,000 after purchasing an additional 69 shares during the period. GAMMA Investing LLC raised its stake in Wintrust Financial by 4.6% during the 4th quarter. GAMMA Investing LLC now owns 1,755 shares of the bank’s stock valued at $245,000 after purchasing an additional 77 shares during the period. Cresset Asset Management LLC raised its stake in Wintrust Financial by 2.4% during the 3rd quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock valued at $494,000 after purchasing an additional 88 shares during the period. NewEdge Advisors LLC raised its stake in Wintrust Financial by 20.6% during the 2nd quarter. NewEdge Advisors LLC now owns 586 shares of the bank’s stock valued at $73,000 after purchasing an additional 100 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Wintrust Financial by 1.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,129 shares of the bank’s stock valued at $1,200,000 after purchasing an additional 106 shares during the period. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Stock Down 0.4%

WTFC stock opened at $146.30 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial Corporation has a 52-week low of $114.73 and a 52-week high of $162.96. The company has a 50-day moving average of $142.57 and a two-hundred day moving average of $142.39. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 12.26 and a beta of 0.86.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, April 20th. The bank reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.26. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The company had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $707.23 million. During the same period in the prior year, the company earned $2.69 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Wintrust Financial Corporation will post 13.07 EPS for the current year.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, May 14th. Wintrust Financial’s dividend payout ratio is 18.44%.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 9,579 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $148.96, for a total transaction of $74,480.00. Following the sale, the director owned 3,303 shares of the company’s stock, valued at $492,014.88. This trade represents a 13.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 13,099 shares of company stock worth $1,954,386 over the last ninety days. Company insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. TD Cowen boosted their target price on shares of Wintrust Financial from $173.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Stephens began coverage on shares of Wintrust Financial in a research note on Friday, March 27th. They issued an “equal weight” rating and a $160.00 price target on the stock. Royal Bank Of Canada upped their price target on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Barclays upped their price target on shares of Wintrust Financial from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Wintrust Financial has a consensus rating of “Moderate Buy” and a consensus target price of $168.92.

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.