Raymond James Financial Services Advisors Inc. Sells 10,380 Shares of Wintrust Financial Corporation (WTFC)

Raymond James Financial Services Advisors Inc. trimmed its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 235,374 shares of the bank’s stock after selling 10,380 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.42% of Wintrust Financial Corporation worth $17,995,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. purchased a new stake in shares of Wintrust Financial Corporation during the 2nd quarter valued at about $121,000. Exane Derivatives purchased a new stake in shares of Wintrust Financial Corporation during the 2nd quarter valued at about $128,000. Essex Investment Management Co. LLC purchased a new stake in shares of Wintrust Financial Corporation during the 2nd quarter valued at about $215,000. Oppenheimer & Co. Inc. raised its position in shares of Wintrust Financial Corporation by 3.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock valued at $204,000 after buying an additional 96 shares in the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of Wintrust Financial Corporation during the 2nd quarter valued at about $228,000. Hedge funds and other institutional investors own 90.65% of the company’s stock.

In other news, Director Gary D. Sweeney bought 485 shares of Wintrust Financial Corporation stock in a transaction on Friday, July 21st. The shares were bought at an average cost of $77.12 per share, with a total value of $37,403.20. Following the completion of the purchase, the director now directly owns 2,186 shares of the company’s stock, valued at $168,584.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David A. Dykstra sold 26,861 shares of Wintrust Financial Corporation 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 transaction, 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. 1.97% of the stock is owned by insiders.

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) traded up 0.711% during trading on Tuesday, reaching $78.635. 121,654 shares of the company traded hands. The stock has a market capitalization of $4.39 billion, a PE ratio of 19.832 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 52 week low of $51.66 and a 52 week high of $80.52.

Wintrust Financial Corporation (NASDAQ:WTFC) last issued its earnings results on Tuesday, July 18th. The bank reported $1.11 EPS for the quarter, topping 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 company had revenue of $294.38 million for the quarter, compared to the consensus estimate of $279.69 million. During the same period in the previous year, the firm earned $0.90 earnings per share. Wintrust Financial Corporation’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities analysts predict that Wintrust Financial Corporation will post $4.30 EPS for the current year.

Several analysts have recently issued reports on WTFC shares. Piper Jaffray Companies set a $72.00 target price on shares of Wintrust Financial Corporation and gave the company a “hold” rating in a research report on Tuesday, July 18th. Zacks Investment Research upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Wednesday, September 27th. ValuEngine upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. BidaskClub cut shares of Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods restated a “buy” rating on shares of Wintrust Financial Corporation in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $81.13.

TRADEMARK VIOLATION NOTICE: This news story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/raymond-james-financial-service

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. purchased a new stake in shares of Wintrust Financial Corporation during the 2nd quarter valued at about $121,000. Exane Derivatives purchased a new stake in shares of Wintrust Financial Corporation during the 2nd quarter valued at about $128,000. Essex Investment Management Co. LLC purchased a new stake in shares of Wintrust Financial Corporation during the 2nd quarter valued at about $215,000. Oppenheimer & Co. Inc. raised its position in shares of Wintrust Financial Corporation by 3.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock valued at $204,000 after buying an additional 96 shares in the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of Wintrust Financial Corporation during the 2nd quarter valued at about $228,000. Hedge funds and other institutional investors own 90.65% of the company’s stock.

In other news, Director Gary D. Sweeney bought 485 shares of Wintrust Financial Corporation stock in a transaction on Friday, July 21st. The shares were bought at an average cost of $77.12 per share, with a total value of $37,403.20. Following the completion of the purchase, the director now directly owns 2,186 shares of the company’s stock, valued at $168,584.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David A. Dykstra sold 26,861 shares of Wintrust Financial Corporation 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 transaction, 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. 1.97% of the stock is owned by insiders.

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) traded up 0.711% during trading on Tuesday, reaching $78.635. 121,654 shares of the company traded hands. The stock has a market capitalization of $4.39 billion, a PE ratio of 19.832 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 52 week low of $51.66 and a 52 week high of $80.52.

Wintrust Financial Corporation (NASDAQ:WTFC) last issued its earnings results on Tuesday, July 18th. The bank reported $1.11 EPS for the quarter, topping 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 company had revenue of $294.38 million for the quarter, compared to the consensus estimate of $279.69 million. During the same period in the previous year, the firm earned $0.90 earnings per share. Wintrust Financial Corporation’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities analysts predict that Wintrust Financial Corporation will post $4.30 EPS for the current year.

Several analysts have recently issued reports on WTFC shares. Piper Jaffray Companies set a $72.00 target price on shares of Wintrust Financial Corporation and gave the company a “hold” rating in a research report on Tuesday, July 18th. Zacks Investment Research upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Wednesday, September 27th. ValuEngine upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. BidaskClub cut shares of Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods restated a “buy” rating on shares of Wintrust Financial Corporation in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $81.13.

TRADEMARK VIOLATION NOTICE: This news story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/raymond-james-financial-services-advisors-inc-sells-10380-shares-of-wintrust-financial-corporation-wtfc.html.

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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