Prudential Financial Inc. Has $5.40 Million Stock Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Prudential Financial Inc. trimmed its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 14.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,283 shares of the bank’s stock after selling 7,526 shares during the quarter. Prudential Financial Inc. owned 0.07% of Wintrust Financial worth $5,398,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of WTFC. Jane Street Group LLC increased its holdings in Wintrust Financial by 530.3% in the third quarter. Jane Street Group LLC now owns 39,135 shares of the bank’s stock valued at $4,247,000 after purchasing an additional 32,926 shares during the period. Retirement Systems of Alabama increased its stake in shares of Wintrust Financial by 6.0% in the third quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank’s stock valued at $8,767,000 after buying an additional 4,562 shares during the period. State Street Corp raised its position in shares of Wintrust Financial by 5.1% during the third quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock worth $285,169,000 after acquiring an additional 126,724 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Wintrust Financial by 708.9% in the third quarter. BNP Paribas Financial Markets now owns 17,327 shares of the bank’s stock worth $1,880,000 after acquiring an additional 15,185 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in Wintrust Financial by 4,145.2% in the fourth quarter. Fifth Third Bancorp now owns 13,330 shares of the bank’s stock valued at $1,662,000 after acquiring an additional 13,016 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 4,213 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total transaction of $553,209.03. Following the transaction, the chief operating officer now owns 206,294 shares of the company’s stock, valued at $27,088,465.14. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total value of $54,475.20. Following the completion of the transaction, the executive vice president now directly owns 2,276 shares in the company, valued at approximately $298,042.20. This represents a 15.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,178 shares of company stock valued at $1,336,315 over the last 90 days. Insiders own 1.47% of the company’s stock.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $112.46 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The company has a fifty day simple moving average of $122.56 and a 200 day simple moving average of $122.48. Wintrust Financial Co. has a 12-month low of $91.38 and a 12-month high of $142.04. The company has a market cap of $7.50 billion, a P/E ratio of 10.91 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, topping the consensus estimate of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the prior year, the firm earned $1.87 earnings per share. Sell-side analysts predict that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, February 6th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio (DPR) is currently 19.40%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WTFC. Truist Financial upgraded shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Piper Sandler boosted their target price on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Barclays increased their price target on Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. UBS Group began coverage on Wintrust Financial in a research note on Tuesday, December 17th. They issued a “buy” rating and a $157.00 price objective on the stock. Finally, StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Wintrust Financial has a consensus rating of “Moderate Buy” and an average target price of $133.69.

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.