Ameriprise Financial Inc. Sells 6,675 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

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

Other institutional investors also recently modified their holdings of the company. Millstone Evans Group LLC acquired a new position in shares of Wintrust Financial during the 4th quarter worth $43,000. Global Retirement Partners LLC increased its holdings in Wintrust Financial by 63.5% in the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock worth $47,000 after purchasing an additional 146 shares in the last quarter. Quarry LP acquired a new position in Wintrust Financial in the 4th quarter worth about $78,000. UMB Bank n.a. increased its holdings in Wintrust Financial by 32.2% in the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank's stock worth $84,000 after purchasing an additional 165 shares in the last quarter. Finally, Jones Financial Companies Lllp increased 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 worth $85,000 after purchasing an additional 617 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WTFC. Stephens lowered their target price on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. DA Davidson lowered their target price on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Barclays upped their target price on Wintrust Financial from $138.00 to $145.00 and gave the stock an "overweight" rating 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. Finally, Hovde Group increased their price target on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Three 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $135.77.

Wintrust Financial Trading Down 0.4%

NASDAQ WTFC traded down $0.50 during trading hours on Friday, hitting $118.21. 190,290 shares of the company's stock were exchanged, compared to its average volume of 426,324. The stock has a 50-day simple moving average of $110.82 and a 200 day simple moving average of $122.08. Wintrust Financial Co. has a 1-year low of $89.10 and a 1-year high of $142.04. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 11.47 and a beta of 0.81. 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 (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.17. The business had revenue of $643.11 million for 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 quarter in the prior year, the company earned $2.89 earnings per share. On average, equities analysts forecast that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a $0.50 dividend. The ex-dividend date was Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 1.69%. Wintrust Financial's payout ratio is currently 19.78%.

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.