LSV Asset Management Decreases Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

LSV Asset Management lessened its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 86.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,301 shares of the bank's stock after selling 14,300 shares during the quarter. LSV Asset Management's holdings in Wintrust Financial were worth $287,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in shares of Wintrust Financial by 3.6% in the third quarter. HighTower Advisors LLC now owns 11,280 shares of the bank's stock valued at $1,225,000 after buying an additional 395 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Wintrust Financial by 530.3% in the 3rd quarter. Jane Street Group LLC now owns 39,135 shares of the bank's stock valued at $4,247,000 after purchasing an additional 32,926 shares during the period. MML Investors Services LLC lifted its stake in Wintrust Financial by 1.7% in the 3rd quarter. MML Investors Services LLC now owns 6,201 shares of the bank's stock valued at $673,000 after purchasing an additional 106 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Wintrust Financial during the third quarter worth about $210,000. Finally, Public Employees Retirement System of Ohio increased its position in Wintrust Financial by 8.4% during the third quarter. Public Employees Retirement System of Ohio now owns 26,128 shares of the bank's stock worth $2,836,000 after buying an additional 2,030 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Wintrust Financial

In related news, CFO David L. Stoehr sold 2,363 shares of the 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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the company's stock in a transaction dated 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 approximately $298,042.20. This trade represents a 15.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,178 shares of company stock valued at $1,336,315. 1.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Raymond James reaffirmed a "strong-buy" rating and set a $150.00 target price (up previously from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. Piper Sandler raised their target price on Wintrust Financial from $151.00 to $156.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Barclays lowered their price target on Wintrust Financial from $155.00 to $138.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $152.00 price objective on shares of Wintrust Financial in a research note on Thursday, January 23rd. Finally, Truist Financial raised Wintrust Financial to a "strong-buy" rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Wintrust Financial presently has an average rating of "Moderate Buy" and an average target price of $132.38.

Wintrust Financial Trading Up 0.9 %

NASDAQ:WTFC traded up $0.90 on Friday, reaching $102.51. 653,968 shares of the stock traded hands, compared to its average volume of 412,915. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 9.94 and a beta of 0.94. Wintrust Financial Co. has a 1-year low of $89.10 and a 1-year high of $142.04. 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's 50 day moving average is $113.02 and its 200-day moving average is $121.53.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (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 prior year, the company posted $1.87 earnings per share. Equities research analysts anticipate that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.95%. Wintrust Financial's dividend payout ratio (DPR) is 19.40%.

About Wintrust Financial

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.