Nuveen Asset Management LLC reduced its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 473,435 shares of the bank's stock after selling 23,931 shares during the quarter. Nuveen Asset Management LLC owned about 0.71% of Wintrust Financial worth $59,042,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new position in Wintrust Financial in the 4th quarter valued at approximately $43,000. Global Retirement Partners LLC lifted its position in Wintrust Financial by 63.5% in the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock valued at $47,000 after acquiring an additional 146 shares in the last quarter. Quarry LP bought a new position in Wintrust Financial in the 4th quarter valued at approximately $78,000. UMB Bank n.a. lifted its position in Wintrust Financial by 32.2% in the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank's stock valued at $84,000 after acquiring an additional 165 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Wintrust Financial by 920.9% in the 4th quarter. Jones Financial Companies Lllp now owns 684 shares of the bank's stock valued at $85,000 after acquiring an additional 617 shares in the last quarter. 93.48% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on WTFC shares. Piper Sandler reaffirmed an "above average" rating on shares of Wintrust Financial in a research report on Wednesday, April 23rd. DA Davidson lowered their price objective on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Stephens lowered their price target on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Barclays increased their price target on Wintrust Financial from $138.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, April 23rd. Finally, Raymond James set a $143.00 price target on Wintrust Financial and gave the company a "strong-buy" rating in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Wintrust Financial presently has a consensus rating of "Moderate Buy" and an average target price of $135.77.
Check Out Our Latest Stock Report on Wintrust Financial
Wintrust Financial Stock Performance
Wintrust Financial stock traded down $0.50 during trading on Friday, reaching $118.21. The company had a trading volume of 190,290 shares, compared to its average volume of 426,324. Wintrust Financial Co. has a 52 week low of $89.10 and a 52 week high of $142.04. The firm's 50-day simple moving average is $110.82 and its 200 day simple moving average is $122.08. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 11.47 and a beta of 0.81. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its earnings results 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 return on equity of 12.60% and a net margin of 17.52%. The company 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 earned $2.89 EPS. Sell-side analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.
Wintrust Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors 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 1.69%. Wintrust Financial's dividend payout ratio is currently 19.78%.
About Wintrust Financial
(
Free Report)
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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