Wintrust Financial Corporation (WTFC) Shares Bought by Symphony Asset Management LLC
Symphony Asset Management LLC boosted its position in Wintrust Financial Corporation (NASDAQ:WTFC) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,037 shares of the bank’s stock after buying an additional 488 shares during the quarter. Symphony Asset Management LLC’s holdings in Wintrust Financial Corporation were worth $997,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Wintrust Financial Corporation by 21,214.8% in the first quarter. BlackRock Inc. now owns 6,110,097 shares of the bank’s stock valued at $422,330,000 after buying an additional 6,081,431 shares during the last quarter. State Street Corp increased its holdings in Wintrust Financial Corporation by 57.1% in the first quarter. State Street Corp now owns 2,863,254 shares of the bank’s stock valued at $197,915,000 after buying an additional 1,040,715 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Wintrust Financial Corporation by 189.4% in the first quarter. JPMorgan Chase & Co. now owns 1,610,423 shares of the bank’s stock valued at $111,312,000 after buying an additional 1,053,900 shares during the last quarter. Jennison Associates LLC increased its holdings in Wintrust Financial Corporation by 4.6% in the second quarter. Jennison Associates LLC now owns 1,176,922 shares of the bank’s stock valued at $89,964,000 after buying an additional 52,161 shares during the last quarter. Finally, Hermes Investment Management Ltd. increased its holdings in Wintrust Financial Corporation by 1.0% in the second quarter. Hermes Investment Management Ltd. now owns 1,009,540 shares of the bank’s stock valued at $77,169,000 after buying an additional 9,605 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.
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Shares of Wintrust Financial Corporation (NASDAQ:WTFC) traded down 0.13% during trading on Wednesday, reaching $71.88. The company’s stock had a trading volume of 9,113 shares. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 18.13 and a beta of 0.81. The company’s 50-day moving average price is $73.26 and its 200 day moving average price is $72.58. Wintrust Financial Corporation has a 1-year low of $51.66 and a 1-year high of $80.52.
Wintrust Financial Corporation (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $279.69 million. During the same quarter in the prior year, the business posted $0.90 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. Analysts anticipate that Wintrust Financial Corporation will post $4.30 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Tuesday, August 8th. Wintrust Financial Corporation’s dividend payout ratio (DPR) is presently 14.11%.
In other news, EVP David A. Dykstra sold 26,861 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $76.82, for a total transaction of $2,063,462.02. Following the completion of the sale, the executive vice president now owns 185,651 shares of the company’s stock, valued at $14,261,709.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Edward J. Wehmer sold 29,779 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $76.89, for a total transaction of $2,289,707.31. Following the sale, the insider now directly owns 137,352 shares of the company’s stock, valued at approximately $10,560,995.28. The disclosure for this sale can be found here. Corporate insiders own 1.97% of the company’s stock.
Several analysts recently weighed in on the company. Hovde Group reissued a “market perform” rating and issued a $80.00 price objective (up from $76.50) on shares of Wintrust Financial Corporation in a report on Wednesday, August 2nd. ValuEngine raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Royal Bank Of Canada reissued a “buy” rating and issued a $84.00 price objective on shares of Wintrust Financial Corporation in a report on Friday, September 8th. Zacks Investment Research upgraded Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Wednesday. Finally, Jefferies Group LLC restated a “hold” rating and issued a $80.00 target price on shares of Wintrust Financial Corporation in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $80.63.
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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