Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 473,435 shares of the bank's stock after selling 23,931 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.71% of Wintrust Financial worth $59,042,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Millstone Evans Group LLC acquired a new position in shares of Wintrust Financial during the 4th quarter valued at about $43,000. Global Retirement Partners LLC boosted its position 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 valued at $47,000 after acquiring an additional 146 shares during the last quarter. Quarry LP acquired a new position in shares of Wintrust Financial during the 4th quarter valued at about $78,000. UMB Bank n.a. boosted its position 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 valued at $84,000 after acquiring an additional 165 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position 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 valued at $85,000 after acquiring an additional 617 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WTFC. Truist Financial reduced their price objective on shares of Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Royal Bank of Canada reduced their price objective on shares of Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. StockNews.com upgraded shares of Wintrust Financial from a "sell" rating to a "hold" rating in a report on Tuesday, April 29th. Hovde Group boosted their price objective on shares of Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Finally, Piper Sandler restated an "above average" rating on shares of Wintrust Financial in a report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $133.54.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $122.30 on Monday. Wintrust Financial Co. has a one year low of $89.10 and a one year high of $142.04. The company has a market cap of $8.19 billion, a PE ratio of 11.86 and a beta of 0.81. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The business has a 50-day simple moving average of $109.89 and a 200-day simple moving average of $122.06.

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

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, May 8th. Wintrust Financial's dividend payout ratio is presently 19.78%.

About Wintrust Financial

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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