7,761 Shares in Wintrust Financial Co. (NASDAQ:WTFC) Bought by Marshall Wace LLP

Marshall Wace LLP acquired a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,761 shares of the bank's stock, valued at approximately $968,000.

Several other institutional investors also recently modified their holdings of WTFC. Retirement Systems of Alabama raised its stake in Wintrust Financial by 6.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank's stock worth $8,767,000 after purchasing an additional 4,562 shares in the last quarter. Fifth Third Bancorp grew its position in Wintrust Financial by 4,145.2% during the 4th quarter. Fifth Third Bancorp now owns 13,330 shares of the bank's stock worth $1,662,000 after acquiring an additional 13,016 shares during the last quarter. KBC Group NV grew its holdings in Wintrust Financial by 1,412.8% during the 4th quarter. KBC Group NV now owns 30,393 shares of the bank's stock worth $3,790,000 after acquiring an additional 28,384 shares during the last quarter. Entropy Technologies LP acquired a new position in Wintrust Financial in the 4th quarter valued at approximately $499,000. Finally, Atria Investments Inc lifted its holdings in shares of Wintrust Financial by 34.5% during the fourth quarter. Atria Investments Inc now owns 10,926 shares of the bank's stock worth $1,363,000 after purchasing an additional 2,804 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Stock Down 0.6 %

Shares of WTFC stock traded down $0.72 during mid-day trading on Tuesday, reaching $114.44. 10,979 shares of the company's stock traded hands, compared to its average volume of 488,339. 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's 50-day moving average price is $109.30 and its 200-day moving average price is $121.79. The company has a market cap of $7.66 billion, a P/E ratio of 11.10 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 posted its quarterly earnings data 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 business had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. During the same quarter in the previous year, the firm posted $2.89 earnings per share. On average, equities analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders 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 1.75%. Wintrust Financial's dividend payout ratio is presently 19.78%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Piper Sandler reissued an "above average" rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. DA Davidson reduced their target price on shares of Wintrust Financial from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Truist Financial lowered their price target 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. 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. Finally, Barclays boosted their price target on shares of Wintrust Financial from $138.00 to $145.00 and gave the stock an "overweight" rating in a research note 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $133.54.

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.