Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Citigroup Inc.

Citigroup Inc. lowered its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 21.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 64,039 shares of the bank's stock after selling 17,486 shares during the period. Citigroup Inc. owned about 0.10% of Wintrust Financial worth $6,950,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in shares of Wintrust Financial by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,385 shares of the bank's stock valued at $2,964,000 after purchasing an additional 1,919 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Wintrust Financial by 62.6% during the 2nd quarter. GAMMA Investing LLC now owns 818 shares of the bank's stock worth $81,000 after acquiring an additional 315 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Wintrust Financial by 825.0% during the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank's stock valued at $29,000 after acquiring an additional 264 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Wintrust Financial by 271.2% in the second quarter. Harbor Capital Advisors Inc. now owns 41,831 shares of the bank's stock valued at $4,123,000 after purchasing an additional 30,562 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in shares of Wintrust Financial by 5.6% in the second quarter. Park Avenue Securities LLC now owns 6,994 shares of the bank's stock valued at $689,000 after purchasing an additional 374 shares in the last quarter. Institutional investors own 93.48% of the company's stock.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the sale, the chief financial officer now directly owns 14,874 shares of the company's stock, valued at approximately $1,687,604.04. This trade represents a 9.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the transaction, the insider now owns 42,311 shares of the company's stock, valued at approximately $4,892,420.93. This represents a 8.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,198 shares of company stock worth $2,445,314. 1.47% of the stock is owned by corporate insiders.

Wintrust Financial Stock Down 0.4 %

Shares of WTFC traded down $0.49 during trading hours on Friday, hitting $138.01. The company had a trading volume of 260,818 shares, compared to its average volume of 411,322. The company has a market capitalization of $9.18 billion, a PE ratio of 14.45 and a beta of 1.15. The company's fifty day moving average price is $119.10 and its two-hundred day moving average price is $107.51. Wintrust Financial Co. has a one year low of $84.96 and a one year high of $142.04. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The business had revenue of $615.73 million for the quarter, compared to analysts' expectations of $623.45 million. During the same quarter in the prior year, the company posted $2.53 EPS. The business's revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities analysts forecast that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial's dividend payout ratio is presently 18.85%.

Analyst Ratings Changes

Several research firms have commented on WTFC. DA Davidson increased their price objective on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Piper Sandler increased their price objective on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Truist Financial increased their target price on Wintrust Financial from $123.00 to $127.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Wedbush reiterated an "outperform" rating and set a $130.00 price objective on shares of Wintrust Financial in a report on Tuesday, October 22nd. Finally, Citigroup raised their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Three equities research 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.00.

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.