Fisher Asset Management LLC Has $46.56 Million Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Fisher Asset Management LLC reduced its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 21.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 502,021 shares of the bank's stock after selling 138,065 shares during the period. Fisher Asset Management LLC owned 0.82% of Wintrust Financial worth $46,562,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Quent Capital LLC boosted its position in Wintrust Financial by 120.8% during the 4th quarter. Quent Capital LLC now owns 351 shares of the bank's stock valued at $33,000 after purchasing an additional 192 shares during the period. GAMMA Investing LLC acquired a new position in shares of Wintrust Financial during the fourth quarter valued at $41,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Wintrust Financial during the fourth quarter worth about $46,000. Huntington National Bank increased its holdings in shares of Wintrust Financial by 30.6% in the 3rd quarter. Huntington National Bank now owns 725 shares of the bank's stock worth $55,000 after acquiring an additional 170 shares during the period. Finally, Blue Trust Inc. lifted its position in Wintrust Financial by 24.5% in the 4th quarter. Blue Trust Inc. now owns 1,026 shares of the bank's stock valued at $95,000 after purchasing an additional 202 shares during the last quarter. 93.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WTFC has been the subject of several recent analyst reports. Jefferies Financial Group upped their target price on shares of Wintrust Financial from $114.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Wedbush restated an "outperform" rating and issued a $116.00 target price on shares of Wintrust Financial in a research report on Thursday, April 18th. Royal Bank of Canada boosted their price target on Wintrust Financial from $109.00 to $116.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 9th. Truist Financial decreased their price target on Wintrust Financial from $117.00 to $112.00 and set a "buy" rating for the company in a research note on Monday, April 22nd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Wintrust Financial from $103.00 to $106.00 and gave the company an "outperform" rating in a research note on Friday, January 19th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $112.33.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the company's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the sale, the insider now directly owns 177,124 shares of the company's stock, valued at $17,599,040.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.47% of the company's stock.

Wintrust Financial Price Performance

NASDAQ:WTFC traded up $0.67 during mid-day trading on Friday, reaching $100.73. 291,864 shares of the stock were exchanged, compared to its average volume of 374,689. Wintrust Financial Co. has a 1-year low of $58.12 and a 1-year high of $105.29. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $6.22 billion, a PE ratio of 10.42 and a beta of 1.21. The business has a fifty day moving average price of $98.77 and a 200 day moving average price of $92.44.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its earnings results on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, topping analysts' consensus estimates of $2.42 by $0.47. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The business had revenue of $604.77 million for the quarter, compared to the consensus estimate of $577.80 million. During the same period in the previous year, the firm earned $2.80 EPS. The business's revenue for the quarter was up 6.9% on a year-over-year basis. Research analysts expect that Wintrust Financial Co. will post 10.17 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.79%. Wintrust Financial's dividend payout ratio (DPR) is presently 18.61%.

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.