Cresset Asset Management LLC Sells 9,005 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Cresset Asset Management LLC decreased its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 71.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,571 shares of the bank’s stock after selling 9,005 shares during the quarter. Cresset Asset Management LLC’s holdings in Wintrust Financial were worth $445,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new stake in shares of Wintrust Financial during the fourth quarter worth $43,000. Global Retirement Partners LLC raised its position in shares of Wintrust Financial by 63.5% during the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock worth $47,000 after acquiring an additional 146 shares during the last quarter. Quarry LP bought a new stake in shares of Wintrust Financial during the fourth quarter worth $78,000. UMB Bank n.a. raised its position in shares of Wintrust Financial by 32.2% during the fourth quarter. UMB Bank n.a. now owns 677 shares of the bank’s stock worth $84,000 after acquiring an additional 165 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Wintrust Financial by 920.9% during the fourth quarter. Jones Financial Companies Lllp now owns 684 shares of the bank’s stock worth $85,000 after acquiring an additional 617 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barclays upped their price objective on Wintrust Financial from $138.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, April 23rd. Stephens cut their price target on shares of Wintrust Financial from $145.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Truist Financial cut their price target on shares of Wintrust Financial from $150.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Hovde Group increased their price target on shares of Wintrust Financial from $107.00 to $115.00 and gave the company a “market perform” rating in a research report on Wednesday, April 23rd. Finally, StockNews.com upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, April 29th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $133.54.

Wintrust Financial Price Performance

NASDAQ WTFC opened at $122.29 on Friday. The business has a 50 day simple moving average of $109.61 and a 200 day simple moving average of $121.94. Wintrust Financial Co. has a 52-week low of $89.10 and a 52-week high of $142.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 11.86 and a beta of 0.81.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.17. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. The business had revenue of $643.11 million during the quarter, compared to analysts’ expectations of $643.11 million. During the same period in the prior year, the business earned $2.89 EPS. Analysts anticipate that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.64%. Wintrust Financial’s dividend payout ratio is currently 19.78%.

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.