Wintrust Financial Co. (NASDAQ:WTFC) Stock Holdings Decreased by Millennium Management LLC

Millennium Management LLC cut its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 68.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,042 shares of the bank's stock after selling 201,930 shares during the period. Millennium Management LLC owned approximately 0.14% of Wintrust Financial worth $11,603,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Journey Strategic Wealth LLC boosted its position in shares of Wintrust Financial by 3.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 2,569 shares of the bank's stock worth $320,000 after acquiring an additional 89 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Wintrust Financial by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank's stock worth $2,307,000 after acquiring an additional 100 shares during the last quarter. Gitterman Wealth Management LLC boosted its position in shares of Wintrust Financial by 5.0% in the fourth quarter. Gitterman Wealth Management LLC now owns 2,373 shares of the bank's stock worth $296,000 after acquiring an additional 113 shares during the last quarter. Huntington National Bank boosted its position in shares of Wintrust Financial by 3.3% in the fourth quarter. Huntington National Bank now owns 3,971 shares of the bank's stock worth $495,000 after acquiring an additional 127 shares during the last quarter. Finally, Access Investment Management LLC boosted its position in shares of Wintrust Financial by 0.7% in the fourth quarter. Access Investment Management LLC now owns 17,855 shares of the bank's stock worth $2,227,000 after acquiring an additional 130 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Stock Up 0.2%

WTFC stock traded up $0.22 during trading on Thursday, reaching $119.60. The stock had a trading volume of 25,354 shares, compared to its average volume of 460,734. Wintrust Financial Co. has a 1-year low of $89.10 and a 1-year high of $142.04. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $8.00 billion, a P/E ratio of 11.60 and a beta of 0.81. The firm has a fifty day moving average price of $111.16 and a 200 day moving average price of $121.95.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The bank reported $2.69 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.17. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. The firm 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 business posted $2.89 EPS. On average, equities analysts anticipate that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.67%. Wintrust Financial's dividend payout ratio is currently 19.78%.

Wall Street Analysts Forecast Growth

WTFC has been the topic of several research analyst reports. Royal Bank of Canada decreased their target price on shares of Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Barclays lifted their price target on shares of Wintrust Financial from $138.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, April 23rd. Raymond James set a $143.00 price target on shares of Wintrust Financial and gave the company a "strong-buy" rating in a research report on Wednesday, April 23rd. Stephens reduced their price target on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Piper Sandler reaffirmed an "above average" rating on shares of Wintrust Financial in a research report on Wednesday, April 23rd. Three investment 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 company currently has an average rating of "Moderate Buy" and an average price target of $135.77.

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.