Jane Street Group LLC Trims Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Jane Street Group LLC lessened its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 61.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,010 shares of the bank's stock after selling 24,125 shares during the period. Jane Street Group LLC's holdings in Wintrust Financial were worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Earnest Partners LLC purchased a new position in shares of Wintrust Financial during the fourth quarter worth about $163,767,000. Norges Bank purchased a new position in shares of Wintrust Financial during the fourth quarter worth about $94,906,000. Sei Investments Co. grew its holdings in shares of Wintrust Financial by 261.4% during the fourth quarter. Sei Investments Co. now owns 698,628 shares of the bank's stock worth $87,126,000 after buying an additional 505,293 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Wintrust Financial by 36.5% during the fourth quarter. First Trust Advisors LP now owns 1,263,837 shares of the bank's stock worth $157,613,000 after buying an additional 337,763 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Wintrust Financial during the fourth quarter worth about $40,562,000. Institutional investors and hedge funds own 93.48% of the company's stock.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC traded down $0.03 during trading on Tuesday, hitting $122.02. 420,396 shares of the stock were exchanged, compared to its average volume of 425,605. The company has a fifty day moving average price of $110.42 and a two-hundred day moving average price of $122.11. The company has a market cap of $8.17 billion, a PE ratio of 11.84 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 Co. has a 12-month low of $89.10 and a 12-month high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, topping the consensus estimate of $2.52 by $0.17. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. The business had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. During the same quarter in the previous year, the company earned $2.89 EPS. On average, analysts forecast that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, May 8th. Wintrust Financial's payout ratio is currently 19.78%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Hovde Group raised their price target on Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. Raymond James set a $143.00 price target on Wintrust Financial and gave the stock a "strong-buy" rating in a report on Wednesday, April 23rd. StockNews.com upgraded shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Tuesday, April 29th. Piper Sandler reaffirmed an "above average" rating on shares of Wintrust Financial in a report on Wednesday, April 23rd. Finally, Truist Financial lowered their price objective on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Three research 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. According to MarketBeat.com, Wintrust Financial has an average rating of "Moderate Buy" and an average target price of $133.54.

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.