Mutual of America Capital Management LLC Lowers Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Mutual of America Capital Management LLC reduced its position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,679 shares of the bank's stock after selling 9,698 shares during the period. Mutual of America Capital Management LLC owned approximately 0.15% of Wintrust Financial worth $12,182,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. FMR LLC boosted its holdings in shares of Wintrust Financial by 14.1% during the 3rd quarter. FMR LLC now owns 5,153,999 shares of the bank's stock valued at $559,364,000 after acquiring an additional 637,072 shares in the last quarter. State Street Corp boosted its stake in shares of Wintrust Financial by 5.1% during the third quarter. State Street Corp now owns 2,627,561 shares of the bank's stock valued at $285,169,000 after purchasing an additional 126,724 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Wintrust Financial by 11.3% during the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank's stock valued at $141,981,000 after purchasing an additional 133,311 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Wintrust Financial by 8.8% in the third quarter. Geode Capital Management LLC now owns 1,155,726 shares of the bank's stock valued at $125,464,000 after buying an additional 92,995 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Wintrust Financial by 36.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank's stock valued at $87,132,000 after buying an additional 213,559 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on WTFC. Raymond James reissued a "strong-buy" rating and set a $150.00 target price (up from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. StockNews.com lowered Wintrust Financial from a "hold" rating to a "sell" rating in a research report on Saturday, February 15th. Barclays increased their price target on Wintrust Financial from $151.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Truist Financial raised Wintrust Financial to a "strong-buy" rating in a research note on Monday, January 6th. Finally, UBS Group started coverage on shares of Wintrust Financial in a research report on Tuesday, December 17th. They set a "buy" rating and a $157.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $133.69.

Wintrust Financial Stock Up 0.1 %

NASDAQ WTFC traded up $0.08 during trading hours on Wednesday, hitting $115.84. The company's stock had a trading volume of 388,511 shares, compared to its average volume of 440,876. The company has a market capitalization of $7.70 billion, a PE ratio of 11.24 and a beta of 1.19. Wintrust Financial Co. has a 52 week low of $91.38 and a 52 week high of $142.04. The company's 50-day simple moving average is $128.23 and its two-hundred day simple moving average is $121.45. 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 (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period in the prior year, the business posted $1.87 earnings per share. Research analysts anticipate that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.50 dividend. This is an increase from Wintrust Financial's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Thursday, February 6th. Wintrust Financial's payout ratio is 19.40%.

Insider Activity at Wintrust Financial

In other news, COO David A. Dykstra sold 4,213 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total transaction of $553,209.03. Following the transaction, the chief operating officer now owns 206,294 shares of the company's stock, valued at $27,088,465.14. This represents a 2.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David L. Stoehr sold 2,363 shares of Wintrust Financial stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total value of $310,309.16. Following the completion of the sale, the chief financial officer now directly 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. Over the last 90 days, insiders sold 10,178 shares of company stock worth $1,336,315. 1.47% of the stock is owned by company 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.