Cresset Asset Management LLC Has $445,000 Position in Wintrust Financial Co. (NASDAQ:WTFC)

Cresset Asset Management LLC cut its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 71.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,571 shares of the bank's stock after selling 9,005 shares during the quarter. Cresset Asset Management LLC's holdings in Wintrust Financial were worth $445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in WTFC. Fifth Third Bancorp raised its holdings in Wintrust Financial by 4,145.2% in the fourth quarter. Fifth Third Bancorp now owns 13,330 shares of the bank's stock worth $1,662,000 after buying an additional 13,016 shares during the last quarter. KBC Group NV lifted its stake in shares of Wintrust Financial by 1,412.8% in the 4th quarter. KBC Group NV now owns 30,393 shares of the bank's stock worth $3,790,000 after purchasing an additional 28,384 shares during the period. Entropy Technologies LP purchased a new position in shares of Wintrust Financial during the 4th quarter worth $499,000. Atria Investments Inc increased its holdings in Wintrust Financial by 34.5% in the 4th quarter. Atria Investments Inc now owns 10,926 shares of the bank's stock worth $1,363,000 after acquiring an additional 2,804 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of Wintrust Financial during the 4th quarter valued at $263,000. Institutional investors own 93.48% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays increased their price objective on shares of Wintrust Financial from $138.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, April 23rd. StockNews.com upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Tuesday, April 29th. Truist Financial dropped their price objective on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Piper Sandler reaffirmed an "above average" rating on shares of Wintrust Financial in a research report on Wednesday, April 23rd. Finally, Stephens dropped their price objective on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $135.77.

Wintrust Financial Trading Down 1.5%

Shares of Wintrust Financial stock traded down $1.83 during mid-day trading on Wednesday, hitting $120.19. 22,435 shares of the stock were exchanged, compared to its average volume of 469,856. The company has a 50-day simple moving average of $110.42 and a 200 day simple moving average of $122.11. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a twelve month low of $89.10 and a twelve month high of $142.04. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 11.66 and a beta of 0.81.

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

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Thursday, May 8th. Wintrust Financial's dividend payout ratio is presently 19.78%.

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.