Mutual of America Capital Management LLC Sells 9,698 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Mutual of America Capital Management LLC lessened its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 9.0% in the fourth quarter, Holdings Channel reports. The firm owned 97,679 shares of the bank’s stock after selling 9,698 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Wintrust Financial were worth $12,182,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Wintrust Financial in the 3rd quarter valued at $35,000. Global Retirement Partners LLC grew its position in Wintrust Financial by 63.5% in the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock valued at $47,000 after acquiring an additional 146 shares during the last quarter. Brooklyn Investment Group acquired a new position in Wintrust Financial during the third quarter worth about $61,000. Versant Capital Management Inc lifted its holdings 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 worth $67,000 after acquiring an additional 131 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after purchasing an additional 286 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group assumed coverage on shares of Wintrust Financial in a research note on Tuesday, December 17th. They issued a “buy” rating and a $157.00 price objective for the company. Piper Sandler raised their price objective on Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Raymond James reissued a “strong-buy” rating and set a $150.00 price target (up from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. Barclays boosted 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. Finally, Truist Financial upgraded shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.69.

Insider Activity at Wintrust Financial

In related news, CFO David L. Stoehr sold 2,363 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total value of $310,309.16. Following the sale, the chief financial officer now owns 19,858 shares in the company, valued at $2,607,752.56. This represents a 10.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Richard B. Murphy sold 3,186 shares of Wintrust Financial stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total value of $418,321.80. Following the transaction, the insider now owns 48,814 shares of the company’s stock, valued at $6,409,278.20. This trade represents a 6.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,178 shares of company stock valued at $1,336,315. 1.47% of the stock is owned by company insiders.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $124.47 on Friday. The firm has a market capitalization of $8.28 billion, a P/E ratio of 12.07 and a beta of 1.19. Wintrust Financial Co. has a twelve month low of $91.38 and a twelve month high of $142.04. The company has a fifty day moving average of $128.69 and a 200-day moving average of $121.07. 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 issued its earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, beating the consensus estimate of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period in the prior year, the firm posted $1.87 earnings per share. As a group, sell-side analysts anticipate that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.50 dividend. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Thursday, February 6th. Wintrust Financial’s dividend payout ratio (DPR) is currently 19.40%.

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.