California Public Employees Retirement System Sells 12,700 Shares of Wintrust Financial Corporation (WTFC)

California Public Employees Retirement System lowered its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 9.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,100 shares of the bank’s stock after selling 12,700 shares during the quarter. California Public Employees Retirement System owned 0.21% of Wintrust Financial Corporation worth $8,951,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial Corporation during the second quarter worth $121,000. Exane Derivatives acquired a new position in shares of Wintrust Financial Corporation during the second quarter worth $128,000. Oppenheimer & Co. Inc. grew its stake in shares of Wintrust Financial Corporation by 3.4% during the first quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock worth $204,000 after purchasing an additional 96 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of Wintrust Financial Corporation during the second quarter worth $215,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Wintrust Financial Corporation during the first quarter worth $223,000. 90.65% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Corporation (NASDAQ:WTFC) opened at 78.08 on Tuesday. The firm has a market cap of $4.36 billion, a P/E ratio of 19.69 and a beta of 0.83. The firm has a 50-day moving average of $73.63 and a 200 day moving average of $73.00. 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 released its earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.12. The company had revenue of $294.38 million during the quarter, compared to the consensus estimate of $279.69 million. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 EPS. On average, analysts predict that Wintrust Financial Corporation will post $4.30 EPS for the current year.

TRADEMARK VIOLATION WARNING: “California Public Employees Retirement System Sells 12,700 Shares of Wintrust Financial Corporation (WTFC)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another publication, it was copied illegally and republished in violation of international copyright and trademark laws. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/california-public-employees-retirement-system-sells-12700-shares-of-wintrust-financial-corporation-wtfc.html.

A number of equities analysts recently commented on WTFC shares. Zacks Investment Research downgraded shares of Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Wedbush reiterated an “outperform” rating and set a $89.00 target price on shares of Wintrust Financial Corporation in a research note on Tuesday, June 27th. Jefferies Group LLC reiterated a “hold” rating and set a $80.00 target price on shares of Wintrust Financial Corporation in a research note on Friday, July 14th. Stephens downgraded shares of Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 10th. Finally, BidaskClub downgraded shares of Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. One equities 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 company. The stock presently has a consensus rating of “Hold” and an average price target of $81.13.

In related news, Director Gary D. Sweeney bought 485 shares of the company’s stock in a transaction dated Friday, July 21st. The stock was bought at an average price of $77.12 per share, with a total value of $37,403.20. Following the transaction, the director now owns 2,186 shares of the company’s stock, valued at $168,584.32. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David A. Dykstra sold 26,861 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 185,651 shares of the company’s stock, valued at approximately $14,261,709.82. The disclosure for this sale can be found here. 1.97% of the stock is currently owned by insiders.

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 ma

Other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial Corporation during the second quarter worth $121,000. Exane Derivatives acquired a new position in shares of Wintrust Financial Corporation during the second quarter worth $128,000. Oppenheimer & Co. Inc. grew its stake in shares of Wintrust Financial Corporation by 3.4% during the first quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock worth $204,000 after purchasing an additional 96 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of Wintrust Financial Corporation during the second quarter worth $215,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Wintrust Financial Corporation during the first quarter worth $223,000. 90.65% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Corporation (NASDAQ:WTFC) opened at 78.08 on Tuesday. The firm has a market cap of $4.36 billion, a P/E ratio of 19.69 and a beta of 0.83. The firm has a 50-day moving average of $73.63 and a 200 day moving average of $73.00. 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 released its earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.12. The company had revenue of $294.38 million during the quarter, compared to the consensus estimate of $279.69 million. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 EPS. On average, analysts predict that Wintrust Financial Corporation will post $4.30 EPS for the current year.

TRADEMARK VIOLATION WARNING: “California Public Employees Retirement System Sells 12,700 Shares of Wintrust Financial Corporation (WTFC)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another publication, it was copied illegally and republished in violation of international copyright and trademark laws. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/california-public-employees-retirement-system-sells-12700-shares-of-wintrust-financial-corporation-wtfc.html.

A number of equities analysts recently commented on WTFC shares. Zacks Investment Research downgraded shares of Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Wedbush reiterated an “outperform” rating and set a $89.00 target price on shares of Wintrust Financial Corporation in a research note on Tuesday, June 27th. Jefferies Group LLC reiterated a “hold” rating and set a $80.00 target price on shares of Wintrust Financial Corporation in a research note on Friday, July 14th. Stephens downgraded shares of Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 10th. Finally, BidaskClub downgraded shares of Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. One equities 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 company. The stock presently has a consensus rating of “Hold” and an average price target of $81.13.

In related news, Director Gary D. Sweeney bought 485 shares of the company’s stock in a transaction dated Friday, July 21st. The stock was bought at an average price of $77.12 per share, with a total value of $37,403.20. Following the transaction, the director now owns 2,186 shares of the company’s stock, valued at $168,584.32. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David A. Dykstra sold 26,861 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 185,651 shares of the company’s stock, valued at approximately $14,261,709.82. The disclosure for this sale can be found here. 1.97% of the stock is currently owned by insiders.

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

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