Lord Abbett & CO. LLC Has $35.42 Million Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Lord Abbett & CO. LLC lowered its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 284,040 shares of the bank's stock after selling 2,301 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.43% of Wintrust Financial worth $35,423,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Systems of Alabama lifted its stake in Wintrust Financial by 6.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank's stock valued at $8,767,000 after buying an additional 4,562 shares in the last quarter. Fifth Third Bancorp lifted its position in Wintrust Financial by 4,145.2% during the 4th quarter. Fifth Third Bancorp now owns 13,330 shares of the bank's stock worth $1,662,000 after acquiring an additional 13,016 shares in the last quarter. KBC Group NV lifted its position in Wintrust Financial by 1,412.8% during the 4th quarter. KBC Group NV now owns 30,393 shares of the bank's stock worth $3,790,000 after acquiring an additional 28,384 shares in the last quarter. Entropy Technologies LP acquired a new position in Wintrust Financial during the 4th quarter worth approximately $499,000. Finally, Atria Investments Inc raised its position in shares of Wintrust Financial by 34.5% in the 4th quarter. Atria Investments Inc now owns 10,926 shares of the bank's stock valued at $1,363,000 after purchasing an additional 2,804 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company's stock.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC traded up $1.36 during midday trading on Monday, reaching $112.15. The company's stock had a trading volume of 620,059 shares, compared to its average volume of 420,275. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The company has a 50 day moving average price of $110.39 and a 200 day moving average price of $121.82. Wintrust Financial Co. has a one year low of $89.10 and a one year high of $142.04. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 10.88 and a beta of 0.94.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its 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 net margin of 17.52% and a return on equity of 12.60%. The business had revenue of $643.11 million for the quarter, compared to the consensus estimate of $643.11 million. During the same period in the previous year, the firm earned $2.89 EPS. On average, equities research analysts expect that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

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 issued a $0.50 dividend. The ex-dividend date is Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.78%. Wintrust Financial's payout ratio is currently 19.78%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on WTFC shares. Piper Sandler reaffirmed an "above average" rating on shares of Wintrust Financial in a research report on Wednesday, April 23rd. Raymond James set a $143.00 target price on Wintrust Financial and gave the stock a "strong-buy" rating in a research report on Wednesday, April 23rd. DA Davidson lowered their price target on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Barclays raised their price target on Wintrust Financial from $138.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, April 23rd. Finally, Stephens lowered their price target on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Wintrust Financial presently has an average rating of "Moderate Buy" and a consensus target price of $133.54.

Insider Buying and Selling

In other news, COO David A. Dykstra sold 4,213 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total transaction of $553,209.03. Following the sale, the chief operating officer now owns 206,294 shares in the company, valued at $27,088,465.14. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard B. Murphy sold 3,186 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total transaction of $418,321.80. Following the sale, the insider now owns 48,814 shares in the company, valued at $6,409,278.20. This represents a 6.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,178 shares of company stock worth $1,336,315 in the last ninety days. 1.01% of the stock is currently owned by corporate insiders.

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.