Securian Asset Management Inc. Has $623,000 Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Securian Asset Management Inc. trimmed its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,998 shares of the bank’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Wintrust Financial were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of WTFC. Atria Investments Inc grew its stake in Wintrust Financial by 5.2% in the third quarter. Atria Investments Inc now owns 8,122 shares of the bank’s stock valued at $881,000 after purchasing an additional 402 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Wintrust Financial during the 3rd quarter worth about $304,000. Huntington National Bank boosted its stake in shares of Wintrust Financial by 675.0% during the 3rd quarter. Huntington National Bank now owns 3,844 shares of the bank’s stock worth $417,000 after acquiring an additional 3,348 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Wintrust Financial by 3.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,127 shares of the bank’s stock worth $556,000 after acquiring an additional 152 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Wintrust Financial by 16.8% during the 3rd quarter. Natixis Advisors LLC now owns 47,788 shares of the bank’s stock worth $5,186,000 after acquiring an additional 6,880 shares in the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WTFC. Piper Sandler increased their target price on Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Barclays increased their target price on Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Raymond James restated a “strong-buy” rating and set a $150.00 target price (up previously from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. StockNews.com downgraded Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. Finally, UBS Group began coverage on Wintrust Financial in a research note on Tuesday, December 17th. They set a “buy” rating and a $157.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $133.69.

Wintrust Financial Trading Up 2.9 %

Shares of WTFC opened at $110.85 on Monday. Wintrust Financial Co. has a 1 year low of $91.38 and a 1 year high of $142.04. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The stock has a 50 day simple moving average of $126.13 and a 200-day simple moving average of $121.85. The stock has a market cap of $7.39 billion, a PE ratio of 10.75 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm posted $1.87 earnings per share. On average, sell-side analysts predict that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.80%. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 6th. Wintrust Financial’s dividend payout ratio (DPR) is currently 19.40%.

Insider Activity at Wintrust Financial

In related news, insider Richard B. Murphy sold 3,186 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total transaction of $418,321.80. Following the completion of the sale, the insider now directly owns 48,814 shares of the company’s stock, valued at $6,409,278.20. This trade represents a 6.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total value of $54,475.20. Following the sale, the executive vice president now directly owns 2,276 shares of the company’s stock, valued at $298,042.20. This represents a 15.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,178 shares of company stock valued at $1,336,315 in the last three months. 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.