Ameriprise Financial Inc. Reduces Position in Wintrust Financial Co. (NASDAQ:WTFC)

Ameriprise Financial Inc. trimmed its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,623 shares of the bank's stock after selling 6,675 shares during the quarter. Ameriprise Financial Inc. owned 0.13% of Wintrust Financial worth $11,052,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC purchased a new stake in shares of Wintrust Financial during the fourth quarter worth about $43,000. Global Retirement Partners LLC increased its holdings in Wintrust Financial by 63.5% in 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 during the last quarter. Quarry LP bought a new stake in Wintrust Financial in the fourth quarter valued at about $78,000. UMB Bank n.a. increased its holdings in Wintrust Financial by 32.2% in the fourth quarter. UMB Bank n.a. now owns 677 shares of the bank's stock valued at $84,000 after buying an additional 165 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Wintrust Financial by 920.9% in the fourth quarter. Jones Financial Companies Lllp now owns 684 shares of the bank's stock valued at $85,000 after buying an additional 617 shares during the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays boosted their price objective on Wintrust Financial from $138.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, April 23rd. Hovde Group upped their target price on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Piper Sandler reaffirmed an "above average" rating on shares of Wintrust Financial in a report on Wednesday, April 23rd. Royal Bank of Canada lowered their target price on Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, Raymond James set a $143.00 target price on Wintrust Financial and gave the company a "strong-buy" rating in a report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $133.54.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC opened at $122.30 on Monday. The stock has a fifty day moving average price of $109.89 and a two-hundred day moving average price of $122.06. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The firm has a market cap of $8.19 billion, a P/E ratio of 11.86 and a beta of 0.81. Wintrust Financial Co. has a 1 year low of $89.10 and a 1 year high of $142.04.

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

Wintrust Financial Announces Dividend

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 given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.64%. Wintrust Financial's dividend payout ratio (DPR) 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.

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