Wintrust Financial Corporation $WTFC Stock Holdings Cut by American Century Companies Inc.

Key Points

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American Century Companies Inc. trimmed its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 10.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 574,258 shares of the bank's stock after selling 70,520 shares during the quarter. American Century Companies Inc. owned approximately 0.86% of Wintrust Financial worth $64,581,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CHICAGO TRUST Co NA grew its position in Wintrust Financial by 0.5% during the first quarter. CHICAGO TRUST Co NA now owns 19,896 shares of the bank's stock valued at $2,238,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System grew its position in Wintrust Financial by 0.5% during the first quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the bank's stock valued at $2,092,000 after acquiring an additional 100 shares during the period. Securian Asset Management Inc. boosted its position in shares of Wintrust Financial by 2.0% in the first quarter. Securian Asset Management Inc. now owns 5,098 shares of the bank's stock worth $573,000 after buying an additional 100 shares during the period. Blair William & Co. IL boosted its position in shares of Wintrust Financial by 0.6% in the first quarter. Blair William & Co. IL now owns 19,055 shares of the bank's stock worth $2,143,000 after buying an additional 109 shares during the period. Finally, Xponance Inc. boosted its position in shares of Wintrust Financial by 1.6% in the first quarter. Xponance Inc. now owns 7,646 shares of the bank's stock worth $860,000 after buying an additional 123 shares during the period. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Wintrust Financial

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

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock traded up $5.31 on Friday, reaching $134.02. 489,618 shares of the company were exchanged, compared to its average volume of 364,689. 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 50-day moving average is $127.79 and its two-hundred day moving average is $119.76. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 12.68 and a beta of 0.85. Wintrust Financial Corporation has a 1-year low of $89.10 and a 1-year high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The bank reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.19. The business had revenue of $670.78 million for 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 firm earned $2.32 EPS. As a group, research analysts expect that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, August 7th. Wintrust Financial's dividend payout ratio (DPR) is currently 18.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada upped their target price on Wintrust Financial from $137.00 to $158.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Jefferies Financial Group set a $145.00 price target on Wintrust Financial and gave the company a "buy" rating in a report on Wednesday, May 21st. DA Davidson increased their price target on Wintrust Financial from $135.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Wall Street Zen raised Wintrust Financial from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Truist Financial increased their price target on Wintrust Financial from $137.00 to $151.00 and gave the company a "buy" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Wintrust Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $145.77.

About Wintrust Financial

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.