Cresset Asset Management LLC Sells 9,005 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Cresset Asset Management LLC trimmed its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 71.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,571 shares of the bank's stock after selling 9,005 shares during the period. Cresset Asset Management LLC's holdings in Wintrust Financial were worth $445,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Millstone Evans Group LLC acquired a new position in shares of Wintrust Financial during the 4th quarter valued at $43,000. Global Retirement Partners LLC boosted its stake in Wintrust Financial by 63.5% during the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock valued at $47,000 after buying an additional 146 shares in the last quarter. Quarry LP acquired a new position in Wintrust Financial during the fourth quarter worth about $78,000. UMB Bank n.a. raised its position in Wintrust Financial by 32.2% in the fourth quarter. UMB Bank n.a. now owns 677 shares of the bank's stock worth $84,000 after acquiring an additional 165 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Wintrust Financial by 920.9% in the 4th quarter. Jones Financial Companies Lllp now owns 684 shares of the bank's stock valued at $85,000 after acquiring an additional 617 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Stock Down 0.2%

Shares of Wintrust Financial stock traded down $0.25 during trading on Monday, hitting $122.05. 249,193 shares of the stock traded hands, compared to its average volume of 424,648. The company has a fifty day moving average price of $109.89 and a two-hundred day moving average price of $122.06. Wintrust Financial Co. has a twelve month low of $89.10 and a twelve month high of $142.04. The stock has a market cap of $8.17 billion, a P/E ratio of 11.84 and a beta of 0.81. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, topping the consensus estimate of $2.52 by $0.17. The company had revenue of $643.11 million during the quarter, compared to the consensus estimate of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period in the previous year, the firm posted $2.89 earnings per share. Equities research analysts predict that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 1.64%. Wintrust Financial's dividend payout ratio (DPR) is currently 19.78%.

Analyst Ratings Changes

A number of analysts recently commented on WTFC shares. Hovde Group boosted their target price on shares of Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. Stephens dropped their price target on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Piper Sandler reissued an "above average" rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. Raymond James set a $143.00 target price on Wintrust Financial and gave the stock a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, Barclays increased their price target on Wintrust Financial from $138.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $133.54.

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.