State Street Corp Buys 168,386 Shares of Wintrust Financial Corporation (WTFC)

State Street Corp boosted its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 5.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,031,640 shares of the bank’s stock after acquiring an additional 168,386 shares during the period. State Street Corp owned 5.43% of Wintrust Financial Corporation worth $231,743,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WTFC. BlackRock Inc. increased its stake in Wintrust Financial Corporation by 21,214.8% during the 1st quarter. BlackRock Inc. now owns 6,110,097 shares of the bank’s stock worth $422,330,000 after acquiring an additional 6,081,431 shares during the period. Janus Henderson Group PLC bought a new position in Wintrust Financial Corporation during the 2nd quarter worth $63,086,000. Prudential Financial Inc. increased its stake in Wintrust Financial Corporation by 564.1% during the 2nd quarter. Prudential Financial Inc. now owns 443,557 shares of the bank’s stock worth $33,905,000 after acquiring an additional 376,766 shares during the period. Northern Trust Corp increased its stake in Wintrust Financial Corporation by 33.2% during the 2nd quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock worth $107,265,000 after acquiring an additional 349,965 shares during the period. Finally, Vanguard Group Inc. increased its stake in Wintrust Financial Corporation by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock worth $350,607,000 after acquiring an additional 327,529 shares during the period. Hedge funds and other institutional investors own 90.65% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/17/state-street-corp-buys-168386-shares-of-wintrust-financial-corporation-wtfc.html.

In other news, Director Gary D. Sweeney bought 485 shares of Wintrust Financial Corporation stock in a transaction that occurred on Friday, July 21st. The shares were acquired at an average price 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 in the company, valued at $168,584.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward J. Wehmer sold 29,779 shares of the stock in a transaction on Friday, July 21st. The shares were sold at an average price of $76.89, for a total value of $2,289,707.31. Following the completion of the transaction, the insider now directly owns 137,352 shares in the company, valued at approximately $10,560,995.28. The disclosure for this sale can be found here. 1.97% of the stock is owned by corporate insiders.

A number of equities analysts have commented on the company. Stephens lowered Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 10th. BidaskClub lowered Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Piper Jaffray Companies set a $72.00 price objective on Wintrust Financial Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Jefferies Group LLC restated a “hold” rating and set a $80.00 price objective on shares of Wintrust Financial Corporation in a research note on Friday, July 14th. Finally, Hovde Group reiterated a “market perform” rating and issued a $80.00 price target (up previously from $76.50) on shares of Wintrust Financial Corporation in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $81.13.

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) opened at 78.23 on Tuesday. The company’s 50-day moving average price is $74.36 and its 200-day moving average price is $73.29. Wintrust Financial Corporation has a 12 month low of $51.66 and a 12 month high of $80.52. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 19.73 and a beta of 0.83.

Wintrust Financial Corporation (NASDAQ:WTFC) last released its earnings results on Tuesday, July 18th. The bank reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.12. The business had revenue of $294.38 million for the quarter, compared to analysts’ expectations of $279.69 million. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 earnings

A number of other institutional investors also recently bought and sold shares of WTFC. BlackRock Inc. increased its stake in Wintrust Financial Corporation by 21,214.8% during the 1st quarter. BlackRock Inc. now owns 6,110,097 shares of the bank’s stock worth $422,330,000 after acquiring an additional 6,081,431 shares during the period. Janus Henderson Group PLC bought a new position in Wintrust Financial Corporation during the 2nd quarter worth $63,086,000. Prudential Financial Inc. increased its stake in Wintrust Financial Corporation by 564.1% during the 2nd quarter. Prudential Financial Inc. now owns 443,557 shares of the bank’s stock worth $33,905,000 after acquiring an additional 376,766 shares during the period. Northern Trust Corp increased its stake in Wintrust Financial Corporation by 33.2% during the 2nd quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock worth $107,265,000 after acquiring an additional 349,965 shares during the period. Finally, Vanguard Group Inc. increased its stake in Wintrust Financial Corporation by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock worth $350,607,000 after acquiring an additional 327,529 shares during the period. Hedge funds and other institutional investors own 90.65% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/17/state-street-corp-buys-168386-shares-of-wintrust-financial-corporation-wtfc.html.

In other news, Director Gary D. Sweeney bought 485 shares of Wintrust Financial Corporation stock in a transaction that occurred on Friday, July 21st. The shares were acquired at an average price 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 in the company, valued at $168,584.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward J. Wehmer sold 29,779 shares of the stock in a transaction on Friday, July 21st. The shares were sold at an average price of $76.89, for a total value of $2,289,707.31. Following the completion of the transaction, the insider now directly owns 137,352 shares in the company, valued at approximately $10,560,995.28. The disclosure for this sale can be found here. 1.97% of the stock is owned by corporate insiders.

A number of equities analysts have commented on the company. Stephens lowered Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 10th. BidaskClub lowered Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Piper Jaffray Companies set a $72.00 price objective on Wintrust Financial Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Jefferies Group LLC restated a “hold” rating and set a $80.00 price objective on shares of Wintrust Financial Corporation in a research note on Friday, July 14th. Finally, Hovde Group reiterated a “market perform” rating and issued a $80.00 price target (up previously from $76.50) on shares of Wintrust Financial Corporation in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $81.13.

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) opened at 78.23 on Tuesday. The company’s 50-day moving average price is $74.36 and its 200-day moving average price is $73.29. Wintrust Financial Corporation has a 12 month low of $51.66 and a 12 month high of $80.52. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 19.73 and a beta of 0.83.

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

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

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