Phillips Wealth Planners LLC Makes New $205,000 Investment in Wintrust Financial Co. (NASDAQ:WTFC)

Phillips Wealth Planners LLC acquired a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,645 shares of the bank’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WTFC. Vanguard Personalized Indexing Management LLC raised its holdings in Wintrust Financial by 13.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,666 shares of the bank’s stock worth $459,000 after purchasing an additional 552 shares in the last quarter. Hsbc Holdings PLC raised its holdings in Wintrust Financial by 910.1% during the second quarter. Hsbc Holdings PLC now owns 20,181 shares of the bank’s stock worth $1,976,000 after purchasing an additional 18,183 shares in the last quarter. XTX Topco Ltd acquired a new stake in Wintrust Financial during the second quarter worth approximately $265,000. Intech Investment Management LLC acquired a new stake in Wintrust Financial during the second quarter worth approximately $446,000. Finally, Sei Investments Co. raised its holdings in Wintrust Financial by 25.2% during the second quarter. Sei Investments Co. now owns 148,151 shares of the bank’s stock worth $14,602,000 after purchasing an additional 29,839 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insiders Place Their Bets

In related news, insider Richard B. Murphy sold 4,099 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the sale, the insider now directly owns 42,311 shares in the company, valued at $4,892,420.93. The trade was a 8.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David A. Dykstra sold 15,492 shares of the business’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 sale, the chief operating officer now owns 197,591 shares in the company, valued at $22,817,808.68. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $133.29 on Thursday. The firm has a market capitalization of $8.86 billion, a P/E ratio of 12.93 and a beta of 1.20. Wintrust Financial Co. has a one year low of $89.68 and a one year high of $142.04. The company’s fifty day moving average is $131.06 and its two-hundred day moving average is $116.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, topping the consensus estimate of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.92%. During the same quarter last year, the company posted $1.87 EPS. Analysts forecast that Wintrust Financial Co. will post 10.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Piper Sandler lifted their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. UBS Group assumed coverage on shares of Wintrust Financial in a report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 target price on the stock. Citigroup lifted their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. DA Davidson lifted their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

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.