Alliancebernstein L.P. Has $130.80 Million Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Alliancebernstein L.P. reduced its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,048,816 shares of the bank's stock after selling 106,263 shares during the period. Alliancebernstein L.P. owned about 1.58% of Wintrust Financial worth $130,798,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WTFC. Millstone Evans Group LLC acquired a new position in Wintrust Financial during the fourth quarter valued at $43,000. Global Retirement Partners LLC increased its holdings 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 purchasing an additional 146 shares during the period. Versant Capital Management Inc lifted its position in shares of Wintrust Financial by 32.1% in the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank's stock worth $67,000 after purchasing an additional 131 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Wintrust Financial by 32.2% during the fourth quarter. UMB Bank n.a. now owns 677 shares of the bank's stock worth $84,000 after purchasing an additional 165 shares during the period. Finally, Jones Financial Companies Lllp grew 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 purchasing 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

Shares of Wintrust Financial stock traded down $0.39 on Monday, reaching $95.89. The stock had a trading volume of 737,252 shares, compared to its average volume of 407,584. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The business's 50-day moving average price is $119.64 and its two-hundred day moving average price is $122.35. The stock has a market cap of $6.40 billion, a P/E ratio of 9.30 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.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter last year, the business posted $1.87 earnings per share. On average, sell-side analysts forecast that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The firm 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. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 2.09%. Wintrust Financial's payout ratio is 19.40%.

Insider Buying and Selling at Wintrust Financial

In related news, CFO David L. Stoehr sold 2,363 shares of the company's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total transaction of $310,309.16. Following the completion of the transaction, the chief financial officer now directly owns 19,858 shares in the company, valued at $2,607,752.56. This represents a 10.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO David A. Dykstra sold 4,213 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total transaction of $553,209.03. Following the completion of the sale, the chief operating officer now owns 206,294 shares in the company, valued at $27,088,465.14. This represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,178 shares of company stock valued at $1,336,315 in the last 90 days. 1.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WTFC has been the subject of a number of research reports. Barclays lifted their target price on shares of Wintrust Financial from $151.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Truist Financial upgraded Wintrust Financial to a "strong-buy" rating in a research note on Monday, January 6th. UBS Group initiated coverage on Wintrust Financial in a research report on Tuesday, December 17th. They issued a "buy" rating and a $157.00 target price on the stock. StockNews.com lowered Wintrust Financial from a "hold" rating to a "sell" rating in a report on Saturday, February 15th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $152.00 price objective on shares of Wintrust Financial in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $133.69.

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.