Jane Street Group LLC Reduces Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Jane Street Group LLC lowered its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 61.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,010 shares of the bank’s stock after selling 24,125 shares during the period. Jane Street Group LLC’s holdings in Wintrust Financial were worth $1,872,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WTFC. Barclays PLC lifted its position in shares of Wintrust Financial by 3.5% during the third quarter. Barclays PLC now owns 81,737 shares of the bank’s stock worth $8,870,000 after acquiring an additional 2,748 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Wintrust Financial by 36.6% during the fourth quarter. Park Avenue Securities LLC now owns 7,459 shares of the bank’s stock worth $930,000 after acquiring an additional 1,999 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of Wintrust Financial in the fourth quarter worth $263,000. UMB Bank n.a. raised its position in shares of Wintrust Financial by 32.2% in 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 in the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in shares of Wintrust Financial by 6.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,676 shares of the bank’s stock worth $708,000 after buying an additional 323 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Up 0.0%

WTFC opened at $122.30 on Friday. The stock has a market cap of $8.19 billion, a PE ratio of 11.86 and a beta of 0.81. 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 Co. has a 52 week low of $89.10 and a 52 week high of $142.04. The business’s fifty day simple moving average is $109.89 and its 200 day simple moving average is $122.02.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $643.11 million for the quarter, compared to analysts’ expectations of $643.11 million. During the same period last year, the firm earned $2.89 earnings per share. As a group, research analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WTFC shares. DA Davidson lowered their price objective on Wintrust Financial from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Barclays increased their price objective on Wintrust Financial from $138.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 23rd. StockNews.com upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, April 29th. Royal Bank of Canada lowered their price objective on Wintrust Financial from $152.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Finally, Piper Sandler reiterated an “above average” rating on shares of Wintrust Financial in a research report on Wednesday, April 23rd. Three equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $133.54.

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.