FMR LLC & Abigail Johnson Report 7.019% Stake in Wintrust Financial
Ticker: WTFCN · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1015328
| Field | Detail |
|---|---|
| Company | Wintrust Financial Corp (WTFCN) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amended-filing
TL;DR
**FMR LLC and Abigail Johnson still own 7.019% of WTFC, showing continued institutional interest.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have filed an amended SC 13G/A, indicating they beneficially own 4,298,290 shares of WINTRUST FINANCIAL CORP (WTFC) common stock, representing 7.019% of the company. This filing, dated February 9, 2024, shows a significant, but passive, stake in the regional bank. For investors, this means a large, institutional holder believes in WTFC's long-term value, but their ownership percentage has slightly decreased from previous filings, which could signal a minor rebalancing of their portfolio.
Why It Matters
Large institutional ownership by FMR LLC and Abigail P. Johnson signals confidence in WINTRUST FINANCIAL CORP, but a slight reduction in their stake could suggest a minor shift in their investment strategy.
Risk Assessment
Risk Level: low — This filing indicates a stable, passive institutional ownership, which generally reduces volatility and provides a vote of confidence in the company.
Analyst Insight
An investor should view this filing as confirmation of continued institutional interest in WINTRUST FINANCIAL CORP, but recognize it's a passive stake, meaning FMR LLC isn't seeking to influence management. It's a data point for long-term holders, not a catalyst for immediate action.
Key Numbers
- 4,298,290 — Shares Beneficially Owned (Represents the total number of common stock shares of WINTRUST FINANCIAL CORP owned by FMR LLC and Abigail P. Johnson.)
- 7.019% — Percent of Class (Indicates the percentage of WINTRUST FINANCIAL CORP's common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
- 0001015328 — WINTRUST FINANCIAL CORP CIK (Unique identifier for WINTRUST FINANCIAL CORP in SEC filings.)
- 0000315066 — FMR LLC CIK (Unique identifier for FMR LLC in SEC filings.)
- 20240209 — Filing Date (The date this amended SC 13G/A was filed with the SEC.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- WINTRUST FINANCIAL CORP (company) — the issuer of the securities
- Rosemont, IL (company) — location of WINTRUST FINANCIAL CORP's principal executive offices
- Boston, MA (company) — location of FMR LLC's principal business office
Forward-Looking Statements
- FMR LLC will maintain a significant, passive stake in WINTRUST FINANCIAL CORP. (FMR LLC) — high confidence, target: 2025-02-09
- WINTRUST FINANCIAL CORP's stock price will likely not experience significant volatility directly due to this passive filing. (WINTRUST FINANCIAL CORP) — high confidence, target: 2024-05-09
FAQ
Who are the reporting persons in this SC 13G/A filing for WINTRUST FINANCIAL CORP?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What percentage of WINTRUST FINANCIAL CORP's common stock do FMR LLC and Abigail P. Johnson beneficially own?
FMR LLC and Abigail P. Johnson beneficially own 7.019% of WINTRUST FINANCIAL CORP's common stock, as indicated in Item 11 on the cover page and Item 4(b) of the filing.
How many shares of WINTRUST FINANCIAL CORP common stock are beneficially owned by FMR LLC and Abigail P. Johnson?
They beneficially own 4,298,290 shares of WINTRUST FINANCIAL CORP common stock, as shown in Item 7 on the cover page for both reporting persons and Item 4(a) of the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the first page of the filing and Item 3.
What is the CUSIP number for WINTRUST FINANCIAL CORP's common stock?
The CUSIP number for WINTRUST FINANCIAL CORP's common stock is 97650W108, as stated on the cover page and in Item 2(e) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding WINTRUST FINANCIAL CORP (WTFCN).