Massachusetts Financial Services Co. MA Sells 48,537 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Massachusetts Financial Services Co. MA lessened its holdings in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 382,610 shares of the bank's stock after selling 48,537 shares during the period. Massachusetts Financial Services Co. MA owned about 0.58% of Wintrust Financial worth $47,715,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Millstone Evans Group LLC bought a new position in shares of Wintrust Financial in the fourth quarter valued at approximately $43,000. Global Retirement Partners LLC boosted 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 worth $47,000 after buying an additional 146 shares during the last quarter. Versant Capital Management Inc grew its position in Wintrust Financial by 32.1% during the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank's stock valued at $67,000 after buying an additional 131 shares during the period. UMB Bank n.a. increased its holdings in 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 buying an additional 165 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Wintrust Financial by 920.9% in the fourth quarter. Jones Financial Companies Lllp now owns 684 shares of the bank's stock worth $85,000 after acquiring an additional 617 shares during the period. Institutional investors own 93.48% of the company's stock.

Insiders Place Their Bets

In other Wintrust Financial news, insider Richard B. Murphy sold 3,186 shares of the firm'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 completion of the transaction, the insider now owns 48,814 shares of the company's stock, valued at approximately $6,409,278.20. This trade represents a 6.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total value of $54,475.20. Following the completion of the sale, the executive vice president now owns 2,276 shares in the company, valued at $298,042.20. The trade was a 15.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,178 shares of company stock worth $1,336,315 over the last three months. Company insiders own 1.47% of the company's stock.

Wintrust Financial Price Performance

Shares of WTFC traded down $8.06 during midday trading on Thursday, reaching $96.07. The stock had a trading volume of 83,222 shares, compared to its average volume of 411,279. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 12-month low of $89.10 and a 12-month high of $142.04. The company's 50-day moving average is $117.06 and its 200 day moving average is $121.92. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 9.41 and a beta of 0.94.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data 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 return on equity of 12.60% and a net margin of 17.52%. During the same period last year, the company posted $1.87 EPS. On average, equities analysts predict that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, May 8th. Wintrust Financial's payout ratio is currently 19.40%.

Analyst Ratings Changes

WTFC has been the subject of several research analyst reports. Raymond James restated a "strong-buy" rating and set a $150.00 price target (up previously from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. Royal Bank of Canada reiterated an "outperform" rating and set a $152.00 price target on shares of Wintrust Financial in a research note on Thursday, January 23rd. Piper Sandler boosted their price objective on Wintrust Financial from $151.00 to $156.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. StockNews.com lowered shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research report on Saturday, February 15th. Finally, UBS Group assumed coverage on shares of Wintrust Financial in a research report on Tuesday, December 17th. They issued a "buy" rating and a $157.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $132.38.

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.