KLP Kapitalforvaltning AS Has $1.69 Million Stock Holdings in Wintrust Financial Corporation $WTFC

KLP Kapitalforvaltning AS grew its position in Wintrust Financial Corporation (NASDAQ:WTFC) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,600 shares of the bank’s stock after purchasing an additional 600 shares during the period. KLP Kapitalforvaltning AS’s holdings in Wintrust Financial were worth $1,686,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WTFC. Maseco LLP acquired a new position in Wintrust Financial during the 2nd quarter worth about $25,000. Park Place Capital Corp lifted its position in Wintrust Financial by 1,264.7% during the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank’s stock worth $26,000 after buying an additional 215 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in Wintrust Financial during the 1st quarter worth about $27,000. AlphaQuest LLC acquired a new position in Wintrust Financial during the 1st quarter worth about $33,000. Finally, Wayfinding Financial LLC acquired a new position in Wintrust Financial during the 1st quarter worth about $36,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insider Activity at Wintrust Financial

In related news, COO David A. Dykstra sold 14,942 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total value of $1,965,321.26. Following the completion of the transaction, the chief operating officer directly owned 182,208 shares in the company, valued at approximately $23,965,818.24. The trade was a 7.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward J. Wehmer purchased 3,919 shares of Wintrust Financial stock in a transaction on Friday, July 25th. The shares were purchased at an average cost of $26.35 per share, with a total value of $103,265.65. Following the transaction, the insider owned 3,919 shares in the company, valued at approximately $103,265.65. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.01% of the stock is currently owned by insiders.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $125.51 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $8.40 billion, a PE ratio of 11.87 and a beta of 0.83. The stock has a 50-day moving average of $132.23 and a 200-day moving average of $123.36. Wintrust Financial Corporation has a one year low of $89.10 and a one year high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, July 21st. The bank reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. The company had revenue of $670.78 million during the quarter, compared to analysts’ expectations of $661.43 million. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%.During the same period in the prior year, the business posted $2.32 EPS. As a group, sell-side analysts expect that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a $0.50 dividend. The ex-dividend date was Thursday, August 7th. This represents a $2.00 annualized dividend and a dividend yield of 1.6%. Wintrust Financial’s payout ratio is currently 18.92%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WTFC shares. TD Cowen started coverage on shares of Wintrust Financial in a research report on Thursday, September 25th. They set a “buy” rating and a $166.00 price target on the stock. Jefferies Financial Group upped their price target on shares of Wintrust Financial from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Wall Street Zen raised Wintrust Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Barclays reissued an “overweight” rating and set a $175.00 price objective on shares of Wintrust Financial in a report on Wednesday. Finally, DA Davidson boosted their price objective on Wintrust Financial from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.57.

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.