Venturi Wealth Management LLC Sells 123 Shares of Wintrust Financial Corporation $WTFC

Venturi Wealth Management LLC lowered its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,100 shares of the bank’s stock after selling 123 shares during the quarter. Venturi Wealth Management LLC’s holdings in Wintrust Financial were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WTFC. Millennium Management LLC increased its position in Wintrust Financial by 539.2% during the first quarter. Millennium Management LLC now owns 594,711 shares of the bank’s stock worth $66,881,000 after acquiring an additional 501,669 shares during the period. Nuveen LLC bought a new position in Wintrust Financial during the first quarter worth $47,769,000. Jennison Associates LLC increased its position in Wintrust Financial by 53.3% during the first quarter. Jennison Associates LLC now owns 807,390 shares of the bank’s stock worth $90,799,000 after acquiring an additional 280,568 shares during the period. Northern Trust Corp increased its position in Wintrust Financial by 20.2% during the first quarter. Northern Trust Corp now owns 852,583 shares of the bank’s stock worth $95,881,000 after acquiring an additional 143,401 shares during the period. Finally, CHICAGO TRUST Co NA increased its position in Wintrust Financial by 591.9% during the second quarter. CHICAGO TRUST Co NA now owns 137,664 shares of the bank’s stock worth $17,068,000 after acquiring an additional 117,768 shares during the period. Institutional investors own 93.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WTFC. Jefferies Financial Group boosted their target price 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 upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Keefe, Bruyette & Woods lifted their price target on shares of Wintrust Financial from $130.00 to $138.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 23rd. TD Cowen began coverage on shares of Wintrust Financial in a research note on Thursday, September 25th. They set a “buy” rating and a $166.00 price target on the stock. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $157.00 price target (up previously from $155.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.57.

Wintrust Financial Stock Down 4.5%

Shares of NASDAQ:WTFC opened at $125.51 on Friday. Wintrust Financial Corporation has a 52 week low of $89.10 and a 52 week high of $142.04. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The company’s fifty day moving average is $132.23 and its 200-day moving average is $123.24. The company has a market capitalization of $8.40 billion, a PE ratio of 11.87 and a beta of 0.83.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, July 21st. The bank reported $2.78 EPS for the quarter, beating the consensus estimate of $2.59 by $0.19. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. The company had revenue of $670.78 million for the quarter, compared to the consensus estimate of $661.43 million. During the same quarter in the previous year, the company earned $2.32 EPS. Equities research analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

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

Insider Activity

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

Wintrust Financial 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.