Wintrust Financial Corporation (WTFC) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. cut its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 21.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 939,357 shares of the bank’s stock after selling 263,057 shares during the quarter. Westwood Holdings Group Inc. owned approximately 1.68% of Wintrust Financial Corporation worth $71,646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Wintrust Financial Corporation by 6.3% in the second quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock valued at $496,316,000 after purchasing an additional 382,791 shares during the period. Vanguard Group Inc. raised its position in shares of Wintrust Financial Corporation by 7.7% in the second quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock valued at $350,607,000 after purchasing an additional 327,529 shares during the period. State Street Corp raised its position in shares of Wintrust Financial Corporation by 5.9% in the second quarter. State Street Corp now owns 3,031,640 shares of the bank’s stock valued at $231,743,000 after purchasing an additional 168,386 shares during the period. Northern Trust Corp raised its position in shares of Wintrust Financial Corporation by 33.2% in the second quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock valued at $107,265,000 after purchasing an additional 349,965 shares during the period. Finally, Jennison Associates LLC raised its position in shares of 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 purchasing an additional 52,161 shares during the period. 90.65% of the stock is currently owned by institutional investors.

Several brokerages have recently weighed in on WTFC. Zacks Investment Research raised shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research report on Wednesday, September 27th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Wintrust Financial Corporation in a research report on Tuesday, September 26th. Royal Bank Of Canada reissued a “buy” rating and issued a $84.00 price objective on shares of Wintrust Financial Corporation in a research report on Friday, September 8th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $74.00 price target on shares of Wintrust Financial Corporation in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Wintrust Financial Corporation currently has a consensus rating of “Hold” and an average target price of $81.13.

In other news, insider Edward J. Wehmer sold 29,779 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 137,352 shares of the company’s stock, valued at $10,560,995.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary D. Sweeney acquired 485 shares of the business’s stock in a transaction dated Friday, July 21st. The shares were acquired at an average cost of $77.12 per share, with a total value of $37,403.20. Following the acquisition, the director now directly owns 2,186 shares of the company’s stock, valued at approximately $168,584.32. The disclosure for this purchase can be found here. 1.97% of the stock is owned by insiders.

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Wintrust Financial Corporation (NASDAQ WTFC) traded down 0.32% during trading on Wednesday, hitting $78.72. 79,572 shares of the company traded hands. Wintrust Financial Corporation has a 12-month low of $51.65 and a 12-month high of $80.52. The company has a market capitalization of $4.39 billion, a P/E ratio of 19.83 and a beta of 0.83. The stock has a 50 day moving average price of $73.86 and a 200 day moving average price of $73.08.

Wintrust Financial Corporation (NASDAQ:WTFC) last posted its earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.12. The business had revenue of $294.38 million during the quarter, compared to analyst estimates of $279.69 million. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. On average, equities analysts anticipate that Wintrust Financial Corporation will post $4.30 earnings per share for the current year.

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.

Institutional Ownership by Quarter for Wintrust Financial Corporation (NASDAQ:WTFC)

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