American Century Companies Inc. Reduces Position in Wintrust Financial Co. (NASDAQ:WTFC)

American Century Companies Inc. cut its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 526,660 shares of the bank’s stock after selling 2,791 shares during the period. American Century Companies Inc. owned approximately 0.85% of Wintrust Financial worth $51,908,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WTFC. Principal Securities Inc. purchased a new position in shares of Wintrust Financial during the 4th quarter worth about $59,000. Envestnet Portfolio Solutions Inc. boosted its position in Wintrust Financial by 6.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,011 shares of the bank’s stock valued at $372,000 after buying an additional 232 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Wintrust Financial by 109.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 5,868 shares of the bank’s stock valued at $544,000 after buying an additional 3,073 shares during the period. Janney Montgomery Scott LLC boosted its position in Wintrust Financial by 11.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,104 shares of the bank’s stock valued at $566,000 after buying an additional 614 shares during the period. Finally, Panagora Asset Management Inc. purchased a new stake in Wintrust Financial in the 4th quarter valued at about $1,099,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Trading Up 1.4 %

NASDAQ WTFC opened at $106.57 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.85. The firm has a market cap of $6.58 billion, a PE ratio of 11.02 and a beta of 1.16. The company has a 50 day moving average price of $104.28 and a 200 day moving average price of $100.32. Wintrust Financial Co. has a 52 week low of $71.86 and a 52 week high of $113.68.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.10). The firm had revenue of $591.76 million for the quarter, compared to the consensus estimate of $587.33 million. Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.38 EPS. As a group, sell-side analysts forecast that Wintrust Financial Co. will post 10.11 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, August 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.69%. Wintrust Financial’s payout ratio is 18.61%.

Analysts Set New Price Targets

Several research firms have issued reports on WTFC. Keefe, Bruyette & Woods cut shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $110.00 to $115.00 in a research report on Friday, July 19th. Royal Bank of Canada boosted their price objective on shares of Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday, July 9th. Jefferies Financial Group reduced their price target on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Hovde Group restated a “market perform” rating and issued a $100.00 price target on shares of Wintrust Financial in a report on Friday, June 21st. Finally, Stephens restated an “overweight” rating and issued a $115.00 price target on shares of Wintrust Financial in a report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.85.

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.