Prudential Financial Inc. boosted its stake in Wintrust Financial Corp. (NASDAQ:WTFC) by 12.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,517 shares of the company’s stock after buying an additional 22,630 shares during the period. Prudential Financial Inc. owned approximately 0.40% of Wintrust Financial Corp. worth $10,583,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of Wintrust Financial Corp. by 77.5% in the second quarter. Victory Capital Management Inc. now owns 2,277 shares of the company’s stock worth $116,000 after buying an additional 994 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Wintrust Financial Corp. by 3.3% in the second quarter. PNC Financial Services Group Inc. now owns 3,585 shares of the company’s stock worth $183,000 after buying an additional 116 shares in the last quarter. Commonwealth Equity Services Inc bought a new position in shares of Wintrust Financial Corp. during the second quarter worth approximately $200,000. Shelton Capital Management bought a new position in shares of Wintrust Financial Corp. during the second quarter worth approximately $207,000. Finally, Royal Bank of Canada raised its position in shares of Wintrust Financial Corp. by 453.9% in the first quarter. Royal Bank of Canada now owns 5,694 shares of the company’s stock worth $252,000 after buying an additional 4,666 shares in the last quarter. 91.90% of the stock is currently owned by institutional investors.
Shares of Wintrust Financial Corp. (NASDAQ:WTFC) traded up 1.64% during mid-day trading on Wednesday, hitting $56.27. The company’s stock had a trading volume of 23,069 shares. The company has a 50-day moving average of $54.94 and a 200 day moving average of $51.51. Wintrust Financial Corp. has a 1-year low of $37.96 and a 1-year high of $56.35. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 17.96 and a beta of 0.86.
Wintrust Financial Corp. (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, July 19th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.04. Wintrust Financial Corp. had a return on equity of 8.27% and a net margin of 16.55%. During the same quarter in the prior year, the firm posted $0.85 earnings per share. On average, analysts expect that Wintrust Financial Corp. will post $3.60 EPS for the current year.
A number of research analysts have recently commented on the company. Zacks Investment Research lowered Wintrust Financial Corp. from a “buy” rating to a “hold” rating in a report on Thursday, September 22nd. Hovde Group started coverage on Wintrust Financial Corp. in a report on Wednesday, August 24th. They set a “market perform” rating and a $59.00 price objective on the stock. Piper Jaffray Cos. restated a “neutral” rating and set a $53.00 target price (up previously from $52.00) on shares of Wintrust Financial Corp. in a research note on Sunday, July 24th. Finally, Sterne Agee CRT began coverage on Wintrust Financial Corp. in a research note on Sunday, June 12th. They set a “hold” rating for the company. Nine equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Wintrust Financial Corp. currently has a consensus rating of “Hold” and an average target price of $52.80.
In related news, insider Richard B. Murphy sold 1,293 shares of Wintrust Financial Corp. stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $52.71, for a total transaction of $68,154.03. Following the completion of the sale, the insider now owns 28,445 shares in the company, valued at approximately $1,499,335.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.
About Wintrust Financial Corp.
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company provides community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks).
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