California Public Employees Retirement System Decreases Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

California Public Employees Retirement System trimmed its position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,350 shares of the bank's stock after selling 4,921 shares during the period. California Public Employees Retirement System owned about 0.18% of Wintrust Financial worth $15,009,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Millstone Evans Group LLC purchased a new stake in shares of Wintrust Financial in the fourth quarter valued at approximately $43,000. Global Retirement Partners LLC lifted its holdings in shares of Wintrust Financial by 63.5% during 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 last quarter. Versant Capital Management Inc boosted its holdings in 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 acquiring an additional 131 shares in the last quarter. UMB Bank n.a. increased 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 valued at $84,000 after acquiring an additional 165 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Wintrust Financial by 920.9% in the 4th quarter. Jones Financial Companies Lllp now owns 684 shares of the bank's stock worth $85,000 after purchasing an additional 617 shares in the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Stock Performance

NASDAQ WTFC traded up $8.96 during mid-day trading on Wednesday, reaching $104.13. 1,043,452 shares of the stock were exchanged, compared to its average volume of 412,520. Wintrust Financial Co. has a 1 year low of $89.10 and a 1 year high of $142.04. 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 is $117.06 and its 200-day moving average is $121.92. The company has a market capitalization of $6.97 billion, a P/E ratio of 10.10 and a beta of 0.94.

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

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, May 8th. Wintrust Financial's dividend payout ratio (DPR) is presently 19.40%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Wintrust Financial from a "hold" rating to a "sell" rating in a report on Saturday, February 15th. Raymond James reissued a "strong-buy" rating and issued a $150.00 price objective (up from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. UBS Group initiated coverage on Wintrust Financial in a report on Tuesday, December 17th. They set a "buy" rating and a $157.00 target price for the company. Truist Financial upgraded shares of Wintrust Financial to a "strong-buy" rating in a report on Monday, January 6th. Finally, Barclays decreased their price objective on shares of Wintrust Financial from $155.00 to $138.00 and set an "overweight" rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $132.38.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 416 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total transaction of $54,475.20. Following the transaction, the executive vice president now directly owns 2,276 shares of the company's stock, valued at $298,042.20. This trade represents a 15.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David L. Stoehr sold 2,363 shares of the company's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total transaction of $310,309.16. Following the transaction, the chief financial officer now owns 19,858 shares of the company's stock, valued at approximately $2,607,752.56. This trade represents a 10.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,178 shares of company stock valued at $1,336,315 in the last three months. 1.47% of the stock is currently owned by company insiders.

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.