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

Shell Asset Management Co. lowered its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 3.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,859 shares of the bank’s stock after selling 137 shares during the quarter. Shell Asset Management Co.’s holdings in Wintrust Financial were worth $403,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Wintrust Financial by 3.9% in the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock worth $673,603,000 after acquiring an additional 244,168 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Wintrust Financial by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,866,032 shares of the bank’s stock worth $265,829,000 after acquiring an additional 80,526 shares during the period. Victory Capital Management Inc. increased its stake in shares of Wintrust Financial by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,843,679 shares of the bank’s stock worth $171,001,000 after acquiring an additional 79,672 shares during the period. Capital International Investors grew its position in Wintrust Financial by 79.5% during the fourth quarter. Capital International Investors now owns 1,566,003 shares of the bank’s stock valued at $145,247,000 after buying an additional 693,452 shares during the period. Finally, Principal Financial Group Inc. grew its position in Wintrust Financial by 54.6% during the first quarter. Principal Financial Group Inc. now owns 1,330,263 shares of the bank’s stock valued at $138,866,000 after buying an additional 469,640 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $110.13 on Friday. The company’s 50-day moving average price is $99.13 and its 200-day moving average price is $98.38. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. The company has a market cap of $6.80 billion, a P/E ratio of 11.39 and a beta of 1.18. Wintrust Financial Co. has a twelve month low of $71.86 and a twelve month high of $113.68.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Wednesday, July 17th. The bank reported $2.32 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.10). The business had revenue of $591.76 million during the quarter, compared to analysts’ expectations of $587.33 million. Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.38 earnings per share. On average, sell-side analysts forecast that Wintrust Financial Co. will post 10.11 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, August 8th. Wintrust Financial’s dividend payout ratio is currently 18.61%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Piper Sandler raised their price target on shares of Wintrust Financial from $113.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Jefferies Financial Group dropped their price target on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods lowered shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and raised their price target for the company from $110.00 to $115.00 in a research report on Friday, July 19th. Truist Financial raised their price target on shares of Wintrust Financial from $107.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Finally, Wedbush raised their price target on shares of Wintrust Financial from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.85.

Wintrust Financial Company 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.