Wintrust Financial Corporation (WTFC) Position Raised by Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. boosted its position in Wintrust Financial Corporation (NASDAQ:WTFC) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,956 shares of the bank’s stock after buying an additional 96 shares during the period. Oppenheimer & Co. Inc.’s holdings in Wintrust Financial Corporation were worth $204,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Wintrust Financial Corporation by 21,214.8% in the first quarter. BlackRock Inc. now owns 6,110,097 shares of the bank’s stock worth $422,330,000 after buying an additional 6,081,431 shares during the period. JPMorgan Chase & Co. raised its position in shares of Wintrust Financial Corporation by 189.4% in the first quarter. JPMorgan Chase & Co. now owns 1,610,423 shares of the bank’s stock worth $111,312,000 after buying an additional 1,053,900 shares during the period. Hermes Investment Management Ltd. raised its position in shares of Wintrust Financial Corporation by 1.4% in the first quarter. Hermes Investment Management Ltd. now owns 999,935 shares of the bank’s stock worth $69,116,000 after buying an additional 13,662 shares during the period. Ameriprise Financial Inc. raised its position in shares of Wintrust Financial Corporation by 4.6% in the first quarter. Ameriprise Financial Inc. now owns 732,232 shares of the bank’s stock worth $50,613,000 after buying an additional 32,140 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Wintrust Financial Corporation by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 673,646 shares of the bank’s stock worth $46,562,000 after buying an additional 10,418 shares during the period. 90.19% of the stock is currently owned by institutional investors.
Wintrust Financial Corporation (NASDAQ:WTFC) traded up 0.91% during trading on Friday, hitting $75.35. 195,650 shares of the stock were exchanged. The stock has a market cap of $4.20 billion, a P/E ratio of 19.00 and a beta of 0.81. Wintrust Financial Corporation has a 12 month low of $51.65 and a 12 month high of $80.52. The stock’s 50 day moving average price is $76.37 and its 200 day moving average price is $72.55.
Wintrust Financial Corporation (NASDAQ:WTFC) last announced its earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.12. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The firm had revenue of $294.38 million for the quarter, compared to the consensus estimate of $279.69 million. During the same period in the prior year, the firm earned $0.90 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Analysts forecast that Wintrust Financial Corporation will post $4.28 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.74%. The ex-dividend date is Tuesday, August 8th. Wintrust Financial Corporation’s payout ratio is currently 14.11%.
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WTFC has been the topic of a number of research reports. BidaskClub lowered shares of Wintrust Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. ValuEngine raised shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Hovde Group raised their target price on shares of Wintrust Financial Corporation from $74.00 to $76.50 and gave the stock a “market perform” rating in a research report on Tuesday, April 25th. Stephens lowered shares of Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 10th. Finally, Wedbush reaffirmed an “outperform” rating and set a $89.00 target price on shares of Wintrust Financial Corporation in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $78.71.
In other Wintrust Financial Corporation news, Director Gary D. Sweeney bought 485 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The shares were purchased at an average cost of $77.12 per share, with a total value of $37,403.20. Following the purchase, the director now directly owns 2,186 shares in the company, valued at $168,584.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David A. Dykstra sold 26,861 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $76.82, for a total transaction of $2,063,462.02. Following the sale, the executive vice president now directly owns 185,651 shares in the company, valued at $14,261,709.82. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.
About Wintrust Financial Corporation
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 offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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