Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in Wintrust Financial Co. (NASDAQ:WTFC) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 473,435 shares of the bank’s stock after selling 23,931 shares during the quarter. Nuveen Asset Management LLC’s holdings in Wintrust Financial were worth $59,042,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Lighthouse Investment Partners LLC acquired a new stake in shares of Wintrust Financial in the fourth quarter valued at approximately $1,002,000. Clark Capital Management Group Inc. boosted its holdings in shares of Wintrust Financial by 33.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 63,172 shares of the bank’s stock valued at $7,878,000 after acquiring an additional 15,930 shares during the period. Deutsche Bank AG raised its stake in shares of Wintrust Financial by 3.0% during the fourth quarter. Deutsche Bank AG now owns 9,319 shares of the bank’s stock worth $1,162,000 after purchasing an additional 273 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Wintrust Financial by 15.6% during the fourth quarter. Cetera Investment Advisers now owns 15,790 shares of the bank’s stock worth $1,969,000 after purchasing an additional 2,132 shares during the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Wintrust Financial during the fourth quarter worth approximately $1,076,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Trading Up 0.0%

NASDAQ:WTFC opened at $122.30 on Monday. The stock has a fifty day moving average price of $109.89 and a two-hundred day moving average price of $122.06. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 11.86 and a beta of 0.81. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. Wintrust Financial Co. has a 1 year low of $89.10 and a 1 year high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.17. The company had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter in the prior year, the company earned $2.89 earnings per share. As a group, sell-side analysts anticipate that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.64%. The ex-dividend date is Thursday, May 8th. Wintrust Financial’s dividend payout ratio (DPR) is 19.78%.

Analysts Set New Price Targets

Several research firms have recently commented on WTFC. Stephens cut their price target on Wintrust Financial from $145.00 to $132.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Royal Bank of Canada cut their price target on Wintrust Financial from $152.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Piper Sandler restated an “above average” rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. DA Davidson cut their price target on Wintrust Financial from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Finally, Raymond James set a $143.00 price target on Wintrust Financial and gave the stock a “strong-buy” rating in a research note on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $133.54.

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.