Wintrust Financial Co. (NASDAQ:WTFC) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC boosted its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 13.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 99,561 shares of the bank’s stock after purchasing an additional 11,700 shares during the period. AQR Capital Management LLC’s holdings in Wintrust Financial were worth $12,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in WTFC. Millstone Evans Group LLC bought a new position in shares of Wintrust Financial during the fourth quarter worth about $43,000. Global Retirement Partners LLC grew its position in Wintrust Financial by 63.5% in the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock worth $47,000 after purchasing an additional 146 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Wintrust Financial by 32.1% in the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after purchasing an additional 131 shares during the period. Quarry LP bought a new stake in shares of Wintrust Financial during the fourth quarter valued at approximately $78,000. Finally, UMB Bank n.a. boosted 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 buying an additional 165 shares during the period. 93.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays lifted their target price on Wintrust Financial from $138.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, April 23rd. Truist Financial reduced their price objective on shares of Wintrust Financial from $150.00 to $137.00 and set a “buy” rating for the company in a report on Friday, April 25th. Piper Sandler reissued an “above average” rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. Stephens reduced their price target on shares of Wintrust Financial from $145.00 to $132.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Finally, DA Davidson lowered their price objective on shares of Wintrust Financial from $140.00 to $135.00 and set a “buy” rating on the stock 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.54.

Wintrust Financial Trading Down 0.6 %

NASDAQ:WTFC opened at $115.16 on Tuesday. The stock has a fifty day simple moving average of $109.30 and a 200 day simple moving average of $121.79. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 11.17 and a beta of 0.81. 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) last announced its earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, topping the consensus estimate of $2.52 by $0.17. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. The company had revenue of $643.11 million during the quarter, compared to analysts’ expectations of $643.11 million. During the same period last year, the company posted $2.89 earnings per share. Sell-side analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

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 paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.74%. The ex-dividend date is Thursday, May 8th. Wintrust Financial’s dividend payout ratio (DPR) is currently 19.78%.

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.