Victory Capital Management Inc. Sells 310,497 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Victory Capital Management Inc. lessened its holdings in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 18.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,335,639 shares of the bank's stock after selling 310,497 shares during the quarter. Victory Capital Management Inc. owned about 2.01% of Wintrust Financial worth $144,957,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Wintrust Financial by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank's stock worth $673,603,000 after buying an additional 244,168 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Wintrust Financial by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank's stock worth $297,376,000 after acquiring an additional 146,090 shares during the last quarter. Principal Financial Group Inc. increased its holdings 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 acquiring an additional 133,311 shares in the last quarter. F M Investments LLC bought a new position in shares of Wintrust Financial during the second quarter valued at $11,850,000. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in shares of Wintrust Financial by 15.5% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 630,824 shares of the bank's stock worth $62,174,000 after purchasing an additional 84,687 shares during the last quarter. Institutional investors own 93.48% of the company's stock.

Insider Buying and Selling

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the sale, the chief financial officer now directly owns 14,874 shares of the company's stock, valued at $1,687,604.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the business's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the transaction, the chief financial officer now owns 14,874 shares in the company, valued at $1,687,604.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO David A. Dykstra sold 15,492 shares of the firm's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the completion of the sale, the chief operating officer now owns 197,591 shares of the company's stock, valued at $22,817,808.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,198 shares of company stock valued at $2,445,314. Company insiders own 1.47% of the company's stock.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC traded down $1.04 during midday trading on Wednesday, hitting $132.62. 284,505 shares of the company's stock traded hands, compared to its average volume of 387,200. The firm has a fifty day moving average of $112.11 and a 200 day moving average of $104.60. Wintrust Financial Co. has a 1 year low of $79.85 and a 1 year high of $136.08. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 13.89 and a beta of 1.15.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.03). The business had revenue of $615.73 million during the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm's revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.53 earnings per share. On average, analysts forecast that Wintrust Financial Co. will post 10.12 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.36%. Wintrust Financial's dividend payout ratio (DPR) is presently 18.85%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods lowered shares of Wintrust Financial from an "outperform" rating to a "market perform" rating and raised their price objective for the company from $110.00 to $115.00 in a research note on Friday, July 19th. Raymond James raised their price target on shares of Wintrust Financial from $125.00 to $135.00 and gave the company a "strong-buy" rating in a research report on Wednesday, October 23rd. Truist Financial upped their price objective on Wintrust Financial from $123.00 to $127.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Piper Sandler lifted their target price on Wintrust Financial from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Finally, DA Davidson boosted their price target on Wintrust Financial from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Wintrust Financial has a consensus rating of "Moderate Buy" and a consensus target price of $123.00.

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.