Jane Street Group LLC Decreases Position in Wintrust Financial Co. (NASDAQ:WTFC)

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

A number of other hedge funds and other institutional investors have also modified their holdings of WTFC. Millstone Evans Group LLC acquired a new stake in shares of Wintrust Financial during the 4th quarter worth about $43,000. Global Retirement Partners LLC increased its position in shares of Wintrust Financial by 63.5% during 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 during the last quarter. Quarry LP acquired a new stake in shares of Wintrust Financial during the 4th quarter worth about $78,000. UMB Bank n.a. increased its position in shares of Wintrust Financial by 32.2% during 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 during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Wintrust Financial by 920.9% during 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 during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Truist Financial lowered their target price on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating for the company in a report on Friday, April 25th. Wall Street Zen upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a report on Tuesday, April 29th. Hovde Group raised 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 restated an "above average" rating on shares of Wintrust Financial in a report on Wednesday, April 23rd. Finally, Jefferies Financial Group set a $145.00 target price on Wintrust Financial and gave the company a "buy" rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $135.77.

Wintrust Financial Stock Down 0.4%

Shares of WTFC traded down $0.50 during midday trading on Friday, hitting $118.21. The company had a trading volume of 190,290 shares, compared to its average volume of 425,333. The company's 50-day simple moving average is $110.82 and its 200-day simple moving average is $122.14. 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 capitalization of $7.91 billion, a P/E ratio of 11.47 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 posted its earnings results on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.17. The firm had revenue of $643.11 million during the quarter, compared to analysts' expectations 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 previous year, the business earned $2.89 earnings per share. As a group, sell-side analysts expect that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Thursday, May 8th. Wintrust Financial's payout ratio is 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.