Telemus Capital LLC Boosts Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Telemus Capital LLC grew its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 14.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,270 shares of the bank’s stock after purchasing an additional 795 shares during the quarter. Telemus Capital LLC’s holdings in Wintrust Financial were worth $582,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quent Capital LLC lifted its stake in Wintrust Financial by 120.8% in the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after acquiring an additional 192 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in Wintrust Financial in the fourth quarter worth approximately $46,000. Huntington National Bank lifted its stake in Wintrust Financial by 30.6% in the third quarter. Huntington National Bank now owns 725 shares of the bank’s stock worth $55,000 after acquiring an additional 170 shares during the last quarter. Ronald Blue Trust Inc. lifted its stake in Wintrust Financial by 347.8% in the third quarter. Ronald Blue Trust Inc. now owns 824 shares of the bank’s stock worth $60,000 after acquiring an additional 640 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Wintrust Financial by 21.7% in the third quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the bank’s stock worth $78,000 after acquiring an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Insider Activity

In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the completion of the transaction, the executive vice president now owns 3,410 shares in the company, valued at approximately $333,770.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Edward J. Wehmer sold 9,500 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the sale, the insider now directly owns 177,124 shares of the company’s stock, valued at approximately $17,599,040.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the completion of the sale, the executive vice president now directly owns 3,410 shares in the company, valued at $333,770.80. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WTFC shares. UBS Group lifted their price target on shares of Wintrust Financial from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Stephens restated an “overweight” rating and set a $110.00 price objective on shares of Wintrust Financial in a research report on Tuesday, April 16th. Citigroup reduced their price objective on shares of Wintrust Financial from $115.00 to $113.00 and set a “buy” rating for the company in a research report on Monday. StockNews.com upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. Finally, Raymond James boosted their price objective on shares of Wintrust Financial from $95.00 to $115.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Wintrust Financial has a consensus rating of “Buy” and a consensus price target of $112.33.

Wintrust Financial Stock Performance

Shares of WTFC opened at $99.30 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.97 and a current ratio of 0.98. The stock has a market capitalization of $6.13 billion, a P/E ratio of 10.27 and a beta of 1.21. The company’s fifty day moving average is $98.25 and its two-hundred day moving average is $91.16. Wintrust Financial Co. has a 1 year low of $58.12 and a 1 year high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.47. The company had revenue of $604.77 million for the quarter, compared to analysts’ expectations of $577.80 million. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. Wintrust Financial’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.80 EPS. On average, sell-side analysts predict that Wintrust Financial Co. will post 10.02 earnings per share for the current year.

Wintrust Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Wednesday, February 7th. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.40. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.61%.

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.