UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 27,892 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 20.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,327 shares of the bank's stock after purchasing an additional 27,892 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.25% of Wintrust Financial worth $20,867,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in WTFC. Journey Strategic Wealth LLC grew its position in shares of Wintrust Financial by 3.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 2,569 shares of the bank's stock valued at $320,000 after acquiring an additional 89 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Wintrust Financial by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank's stock valued at $2,307,000 after acquiring an additional 100 shares during the period. Gitterman Wealth Management LLC grew its position in shares of Wintrust Financial by 5.0% during the 4th quarter. Gitterman Wealth Management LLC now owns 2,373 shares of the bank's stock valued at $296,000 after acquiring an additional 113 shares during the period. Huntington National Bank grew its position in shares of Wintrust Financial by 3.3% during the 4th quarter. Huntington National Bank now owns 3,971 shares of the bank's stock valued at $495,000 after acquiring an additional 127 shares during the period. Finally, Access Investment Management LLC grew its position in shares of Wintrust Financial by 0.7% during the 4th quarter. Access Investment Management LLC now owns 17,855 shares of the bank's stock valued at $2,227,000 after acquiring an additional 130 shares during the period. Institutional investors own 93.48% of the company's stock.

Wintrust Financial Price Performance

WTFC stock traded down $0.56 during mid-day trading on Friday, hitting $119.39. The company had a trading volume of 251,115 shares, compared to its average volume of 427,305. The company has a 50-day moving average price of $111.31 and a 200 day moving average price of $121.62. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 11.58 and a beta of 0.81. 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 earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.17. The firm had revenue of $643.11 million for the quarter, compared to analysts' expectations of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period in the prior year, the company earned $2.89 EPS. On average, research analysts anticipate that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Thursday, May 8th. Wintrust Financial's dividend payout ratio is 19.78%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WTFC. Royal Bank of Canada cut their price objective on shares of Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Barclays boosted their price objective 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. Jefferies Financial Group set a $145.00 target price on shares of Wintrust Financial and gave the company a "buy" rating in a research note on Wednesday, May 21st. Hovde Group lifted their target price on shares of Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Finally, Piper Sandler restated an "above average" rating on shares of Wintrust Financial 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Wintrust Financial currently has a consensus rating of "Moderate Buy" and a consensus 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.