American Century Companies Inc. Lowers Holdings in Wintrust Financial Corporation $WTFC

Key Points

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American Century Companies Inc. trimmed its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 10.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WTFC. Barclays PLC raised its stake in shares of Wintrust Financial by 37.0% during the 4th quarter. Barclays PLC now owns 111,950 shares of the bank's stock worth $13,962,000 after acquiring an additional 30,213 shares in the last quarter. Mariner LLC boosted its holdings in Wintrust Financial by 1.6% in the fourth quarter. Mariner LLC now owns 10,914 shares of the bank's stock worth $1,361,000 after acquiring an additional 176 shares in the last quarter. Marshall Wace LLP purchased a new stake in Wintrust Financial during the 4th quarter worth approximately $968,000. CANADA LIFE ASSURANCE Co increased its stake in Wintrust Financial by 137.1% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 143,380 shares of the bank's stock valued at $17,859,000 after purchasing an additional 82,918 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of Wintrust Financial by 9.1% during the fourth quarter. MetLife Investment Management LLC now owns 37,454 shares of the bank's stock worth $4,671,000 after buying an additional 3,113 shares during the period. Hedge funds and other institutional investors own 93.48% of the company's stock.

Wintrust Financial Trading Down 0.1%

Wintrust Financial stock traded down $0.12 during mid-day trading on Thursday, hitting $128.71. The company's stock had a trading volume of 199,394 shares, compared to its average volume of 378,567. The stock's fifty day moving average is $127.47 and its two-hundred day moving average is $119.88. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $8.62 billion, a PE ratio of 12.18 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 posted its quarterly earnings data 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 firm had revenue of $670.78 million during the quarter, compared to analysts' expectations of $661.43 million. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. During the same quarter last year, the company posted $2.32 EPS. On average, analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.6%. Wintrust Financial's dividend payout ratio is currently 18.92%.

Analyst Upgrades and Downgrades

WTFC has been the subject of several analyst reports. Stephens lowered their target price on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Truist Financial lifted their price target on Wintrust Financial from $137.00 to $151.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Jefferies Financial Group set a $145.00 price objective on Wintrust Financial and gave the company a "buy" rating in a report on Wednesday, May 21st. Piper Sandler restated an "overweight" rating and issued a $160.00 price objective (up previously from $141.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $157.00 target price (up previously from $155.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $145.77.

Insiders Place Their Bets

In related news, insider Edward J. Wehmer bought 3,919 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were purchased at an average cost of $26.35 per share, with a total value of $103,265.65. Following the transaction, the insider directly owned 3,919 shares of the company's stock, valued at approximately $103,265.65. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO David A. Dykstra sold 14,942 shares of the 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 directly owned 182,208 shares of the company's stock, valued at $23,965,818.24. The trade was 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 currently owned by company insiders.

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.