SG Americas Securities LLC Makes New Investment in Wintrust Financial Corporation (NASDAQ:WTFC)

SG Americas Securities LLC acquired a new stake in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,583 shares of the bank's stock, valued at approximately $403,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Wintrust Financial by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 6,911,488 shares of the bank's stock worth $861,932,000 after buying an additional 58,162 shares during the period. Earnest Partners LLC acquired a new stake in Wintrust Financial during the fourth quarter worth approximately $163,767,000. First Trust Advisors LP boosted 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 acquiring an additional 337,763 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Wintrust Financial by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,165,898 shares of the bank's stock worth $145,443,000 after acquiring an additional 10,172 shares during the period. Finally, Invesco Ltd. grew its position in shares of Wintrust Financial by 2.8% in the fourth quarter. Invesco Ltd. now owns 1,098,706 shares of the bank's stock valued at $137,020,000 after purchasing an additional 29,967 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Price Performance

WTFC stock traded down $0.89 during mid-day trading on Friday, hitting $123.32. The stock had a trading volume of 911,692 shares, compared to its average volume of 432,177. The firm has a fifty day simple moving average of $118.04 and a 200 day simple moving average of $119.68. The firm has a market capitalization of $8.25 billion, a P/E ratio of 12.20 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. Wintrust Financial Corporation has a 52 week low of $89.10 and a 52 week high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings data 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. Wintrust Financial had a net margin of 17.32% and a return on equity of 12.00%. The business had revenue of $643.11 million for the quarter, compared to analysts' expectations of $643.11 million. During the same period last year, the firm posted $2.89 earnings per share. As a group, research analysts forecast that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.62%. Wintrust Financial's payout ratio is 19.78%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WTFC. DA Davidson dropped their price target on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Stephens lowered their price objective on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Barclays lifted 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. Raymond James Financial set a $143.00 target price on shares of Wintrust Financial and gave the company a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Truist Financial lowered their price target on shares of Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.