Prudential Financial Inc. Has $5.40 Million Position in Wintrust Financial Co. (NASDAQ:WTFC)

Prudential Financial Inc. trimmed its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 14.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,283 shares of the bank's stock after selling 7,526 shares during the quarter. Prudential Financial Inc. owned 0.07% of Wintrust Financial worth $5,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WTFC. Vanguard Group Inc. boosted its stake in shares of Wintrust Financial by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 6,911,488 shares of the bank's stock valued at $861,932,000 after buying an additional 58,162 shares during the period. State Street Corp raised its holdings 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 worth $285,169,000 after acquiring an additional 126,724 shares in the last quarter. Principal Financial Group Inc. boosted its position in 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 during the last quarter. Geode Capital Management LLC grew its stake in 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 purchasing an additional 92,995 shares in the last quarter. Finally, Sei Investments Co. increased its position in Wintrust Financial by 261.4% in the 4th quarter. Sei Investments Co. now owns 698,628 shares of the bank's stock worth $87,126,000 after purchasing an additional 505,293 shares during the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

WTFC has been the subject of several research reports. Truist Financial upgraded Wintrust Financial to a "strong-buy" rating in a report on Monday, January 6th. Barclays lifted their target price on shares of Wintrust Financial from $151.00 to $155.00 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 note on Saturday, February 15th. UBS Group initiated coverage on shares of Wintrust Financial in a report on Tuesday, December 17th. They set a "buy" rating and a $157.00 price target on the stock. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $152.00 price objective on shares of Wintrust Financial in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Wintrust Financial presently has an average rating of "Moderate Buy" and an average price target of $133.69.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, insider Richard B. Murphy sold 3,186 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total value of $418,321.80. Following the completion of the transaction, the insider now owns 48,814 shares of the company's stock, valued at $6,409,278.20. This represents a 6.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO David A. Dykstra sold 4,213 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total value of $553,209.03. Following the sale, the chief operating officer now directly owns 206,294 shares in the company, valued at $27,088,465.14. The trade was a 2.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,178 shares of company stock valued at $1,336,315 in the last ninety days. Company insiders own 1.47% of the company's stock.

Wintrust Financial Stock Performance

WTFC stock traded down $14.66 during mid-day trading on Thursday, reaching $99.91. 740,323 shares of the stock traded hands, compared to its average volume of 401,193. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average of $121.69 and a two-hundred day moving average of $122.48. The firm has a market capitalization of $6.66 billion, a PE ratio of 9.69 and a beta of 1.16. Wintrust Financial Co. has a 52 week low of $91.38 and a 52 week high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its 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 period last year, the company posted $1.87 EPS. As a group, equities analysts predict that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a dividend of $0.50 per share. This is a boost from Wintrust Financial's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, February 6th. Wintrust Financial's dividend payout ratio is presently 19.40%.

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.