Rafferty Asset Management LLC Has $9.71 Million Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Rafferty Asset Management LLC trimmed its position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,821 shares of the bank's stock after selling 3,314 shares during the period. Rafferty Asset Management LLC owned about 0.12% of Wintrust Financial worth $9,705,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in Wintrust Financial in the 4th quarter worth about $43,000. Global Retirement Partners LLC grew its stake in shares of 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 buying an additional 146 shares in the last quarter. Quarry LP bought a new stake in shares of Wintrust Financial in the 4th quarter valued at approximately $78,000. UMB Bank n.a. increased its holdings in Wintrust Financial by 32.2% in the fourth quarter. UMB Bank n.a. now owns 677 shares of the bank's stock worth $84,000 after buying an additional 165 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Wintrust Financial by 920.9% during the fourth 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. Institutional investors and hedge funds own 93.48% of the company's stock.

Wintrust Financial Stock Performance

NASDAQ:WTFC traded up $0.44 during mid-day trading on Thursday, hitting $118.57. 101,980 shares of the company's stock traded hands, compared to its average volume of 423,945. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 11.51 and a beta of 0.81. The firm has a 50 day moving average of $110.57 and a two-hundred day moving average of $122.08. 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 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 issued its quarterly 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 during the quarter, compared to analyst estimates of $643.11 million. During the same period in the previous year, the company earned $2.89 earnings per share. On average, equities analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The business 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, May 8th. Wintrust Financial's payout ratio is currently 19.78%.

Wall Street Analyst Weigh In

Several research firms have commented on WTFC. Stephens decreased their target price on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Piper Sandler reaffirmed an "above average" rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. Raymond James set a $143.00 price objective on shares of Wintrust Financial and gave the stock a "strong-buy" rating in a report on Wednesday, April 23rd. Barclays increased their target price on shares of Wintrust Financial from $138.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd. Finally, DA Davidson reduced their price target on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Three 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $135.77.

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.