Lord Abbett & CO. LLC Sells 2,301 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Lord Abbett & CO. LLC lowered its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 284,040 shares of the bank's stock after selling 2,301 shares during the period. Lord Abbett & CO. LLC owned 0.43% of Wintrust Financial worth $35,423,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Wintrust Financial by 9.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,429 shares of the bank's stock worth $4,793,000 after purchasing an additional 3,182 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Wintrust Financial during the 4th quarter valued at about $4,001,000. Van Lanschot Kempen Investment Management N.V. boosted its position in Wintrust Financial by 6.9% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 665,367 shares of the bank's stock worth $82,978,000 after purchasing an additional 42,804 shares during the period. MetLife Investment Management LLC raised its position in shares of Wintrust Financial by 9.1% in the fourth quarter. MetLife Investment Management LLC now owns 37,454 shares of the bank's stock valued at $4,671,000 after purchasing an additional 3,113 shares during the period. Finally, Curi RMB Capital LLC bought a new stake in shares of Wintrust Financial during the 4th quarter worth $5,146,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Trading Up 1.8 %

NASDAQ:WTFC traded up $1.98 during mid-day trading on Thursday, hitting $113.15. The company had a trading volume of 101,638 shares, compared to its average volume of 420,463. The firm has a market cap of $7.57 billion, a P/E ratio of 10.99 and a beta of 0.94. Wintrust Financial Co. has a fifty-two week low of $89.10 and a fifty-two week high of $142.04. The business's fifty day moving average is $109.82 and its two-hundred day moving average is $121.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01.

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 the consensus estimate of $2.52 by $0.17. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. The firm had revenue of $643.11 million for the quarter, compared to the consensus estimate of $643.11 million. During the same period last year, the company posted $2.89 EPS. As a group, research analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 1.77%. Wintrust Financial's dividend payout ratio (DPR) is currently 19.78%.

Wall Street Analysts Forecast Growth

WTFC has been the topic of a number of recent analyst reports. Truist Financial dropped their price objective on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Piper Sandler restated an "above average" rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. Stephens lowered their price target on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Raymond James set a $143.00 target price on shares of Wintrust Financial and gave the company a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, StockNews.com raised Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Wintrust Financial currently has a consensus rating of "Moderate Buy" and an average target price of $133.54.

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.