Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its stake in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,091,261 shares of the bank's stock after selling 35,934 shares during the period. JPMorgan Chase & Co. owned 1.64% of Wintrust Financial worth $136,091,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Journey Strategic Wealth LLC lifted its position in shares of Wintrust Financial by 3.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 2,569 shares of the bank's stock valued at $320,000 after acquiring an additional 89 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Wintrust Financial by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank's stock valued at $2,307,000 after purchasing an additional 100 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Wintrust Financial by 2.8% in the 3rd quarter. Captrust Financial Advisors now owns 3,859 shares of the bank's stock worth $419,000 after buying an additional 104 shares during the last quarter. MML Investors Services LLC grew 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 period. Finally, Gitterman Wealth Management LLC grew its position in Wintrust Financial by 5.0% during the fourth quarter. Gitterman Wealth Management LLC now owns 2,373 shares of the bank's stock valued at $296,000 after buying an additional 113 shares during the period. Institutional investors own 93.48% of the company's stock.

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Wintrust Financial Stock Down 3.6 %

Shares of NASDAQ WTFC traded down $3.63 during mid-day trading on Friday, reaching $96.28. 1,286,444 shares of the company were exchanged, compared to its average volume of 406,266. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 9.34 and a beta of 0.94. The firm has a 50-day moving average of $120.32 and a 200 day moving average of $122.45. Wintrust Financial Co. has a 1 year low of $89.10 and a 1 year high of $142.04. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, beating the consensus estimate 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 last year, the company posted $1.87 earnings per share. On average, research analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.08%. Wintrust Financial's payout ratio is 19.40%.

Analysts Set New Price Targets

WTFC has been the topic of a number of research reports. Truist Financial upgraded Wintrust Financial to a "strong-buy" rating in a research note on Monday, January 6th. 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. Piper Sandler increased their price objective on Wintrust Financial from $151.00 to $156.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. StockNews.com cut shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research report on Saturday, February 15th. Finally, Barclays boosted their price objective on Wintrust Financial from $151.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. One 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $133.69.

Insider Buying and Selling at Wintrust Financial

In related news, insider Richard B. Murphy sold 3,186 shares of the company's stock in a transaction dated 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 in the company, valued at $6,409,278.20. This represents a 6.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total transaction of $54,475.20. Following the sale, the executive vice president now directly owns 2,276 shares of the company's stock, valued at $298,042.20. The trade was a 15.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,178 shares of company stock valued at $1,336,315. Corporate insiders own 1.47% of the company's stock.

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.