Wintrust Financial Co. (NASDAQ:WTFC) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,587 shares of the bank's stock after buying an additional 4,828 shares during the period. Quantinno Capital Management LP's holdings in Wintrust Financial were worth $3,191,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in shares of Wintrust Financial during the 4th quarter worth approximately $43,000. Global Retirement Partners LLC boosted its holdings 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 position in shares of Wintrust Financial during the 4th quarter worth approximately $78,000. UMB Bank n.a. boosted its holdings 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 boosted its holdings 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 currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WTFC. Truist Financial lowered their target price on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a report on Friday, April 25th. 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. 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. StockNews.com raised shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Tuesday, April 29th. Finally, Royal Bank of Canada reduced their price target 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. Three investment 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $133.54.

Wintrust Financial Stock Down 0.2%

Shares of NASDAQ WTFC opened at $122.05 on Tuesday. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 11.84 and a beta of 0.81. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 52-week low of $89.10 and a 52-week high of $142.04. The business's 50 day moving average is $110.14 and its two-hundred day moving average is $122.11.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted 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. The business had revenue of $643.11 million during the quarter, compared to the consensus estimate of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the previous year, the firm posted $2.89 earnings per share. Research analysts predict that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a $0.50 dividend. The ex-dividend date is Thursday, May 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.64%. Wintrust Financial's dividend payout ratio (DPR) 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.

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