AQR Capital Management LLC boosted its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 65.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,135 shares of the bank’s stock after buying an additional 44,260 shares during the period. AQR Capital Management LLC owned approximately 0.21% of Wintrust Financial Corporation worth $7,750,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of WTFC. Daiwa Securities Group Inc. bought a new position in Wintrust Financial Corporation during the first quarter valued at $187,000. Penserra Capital Management LLC acquired a new stake in shares of Wintrust Financial Corporation during the first quarter valued at about $193,000. Oppenheimer & Co. Inc. increased its stake in shares of Wintrust Financial Corporation by 3.4% in the first quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock valued at $204,000 after buying an additional 96 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of Wintrust Financial Corporation during the first quarter valued at about $223,000. Finally, LS Investment Advisors LLC increased its stake in shares of Wintrust Financial Corporation by 77.7% in the first quarter. LS Investment Advisors LLC now owns 3,503 shares of the bank’s stock valued at $242,000 after buying an additional 1,532 shares during the period. 90.18% of the stock is currently owned by institutional investors and hedge funds.
Wintrust Financial Corporation (NASDAQ WTFC) traded down 1.55% during mid-day trading on Friday, reaching $76.39. The company had a trading volume of 494,202 shares. Wintrust Financial Corporation has a one year low of $51.66 and a one year high of $80.52. The company’s 50-day moving average is $75.71 and its 200-day moving average is $72.27. The stock has a market capitalization of $4.25 billion, a PE ratio of 20.32 and a beta of 0.81.
Wintrust Financial Corporation (NASDAQ:WTFC) last issued its quarterly earnings data on Tuesday, July 18th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $279.69 million. During the same quarter in the previous year, the firm posted $0.90 EPS. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. Equities research analysts anticipate that Wintrust Financial Corporation will post $4.26 earnings per share for the current year.
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A number of research analysts recently issued reports on the company. Piper Jaffray Companies set a $72.00 price objective on Wintrust Financial Corporation and gave the stock a “hold” rating in a report on Tuesday. Jefferies Group LLC reiterated a “hold” rating and set a $80.00 price objective on shares of Wintrust Financial Corporation in a report on Friday, July 14th. Stephens downgraded Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a report on Monday, July 10th. BidaskClub downgraded Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Zacks Investment Research downgraded Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. 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 company’s stock. The company has a consensus rating of “Hold” and an average price target of $78.21.
In other Wintrust Financial Corporation news, insider David L. Larson sold 1,519 shares of the business’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $73.20, for a total value of $111,190.80. Following the sale, the insider now owns 6,574 shares in the company, valued at approximately $481,216.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gary D. Sweeney bought 515 shares of the firm’s stock in a transaction dated Tuesday, April 25th. The shares were acquired at an average price of $72.81 per share, for a total transaction of $37,497.15. Following the completion of the transaction, the director now directly owns 2,150 shares in the company, valued at approximately $156,541.50. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.
Wintrust Financial Corporation Company Profile
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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