New York State Common Retirement Fund Has $5.52 Million Position in Wintrust Financial Corporation (WTFC)

New York State Common Retirement Fund lowered its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 15.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,205 shares of the bank’s stock after selling 13,491 shares during the quarter. New York State Common Retirement Fund owned about 0.13% of Wintrust Financial Corporation worth $5,519,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WTFC. UBS Asset Management Americas Inc. grew its position in Wintrust Financial Corporation by 27.5% during the first quarter. UBS Asset Management Americas Inc. now owns 31,643 shares of the bank’s stock worth $2,187,000 after buying an additional 6,824 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Wintrust Financial Corporation during the first quarter worth approximately $505,000. Alliancebernstein L.P. grew its position in Wintrust Financial Corporation by 23.8% during the first quarter. Alliancebernstein L.P. now owns 97,387 shares of the bank’s stock worth $6,731,000 after buying an additional 18,691 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in Wintrust Financial Corporation by 0.6% during the first quarter. Municipal Employees Retirement System of Michigan now owns 11,800 shares of the bank’s stock worth $816,000 after buying an additional 70 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Wintrust Financial Corporation by 162.7% during the first quarter. Wellington Management Group LLP now owns 75,046 shares of the bank’s stock worth $5,187,000 after buying an additional 46,478 shares in the last quarter. 90.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wintrust Financial Corporation (NASDAQ WTFC) opened at 77.31 on Friday. The company has a market capitalization of $4.31 billion, a PE ratio of 19.50 and a beta of 0.83. The firm’s 50-day moving average price is $74.36 and its 200 day moving average price is $73.26. 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 quarterly earnings results on Tuesday, July 18th. The bank reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.12. The firm had revenue of $294.38 million during the quarter, compared to analyst estimates of $279.69 million. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 EPS. Equities analysts predict that Wintrust Financial Corporation will post $4.30 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://transcriptdaily.com/2017/10/15/new-york-state-common-retirement-fund-has-5-52-million-position-in-wintrust-financial-corporation-wtfc.html.

In other news, EVP David A. Dykstra sold 26,861 shares of the business’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $76.82, for a total transaction of $2,063,462.02. Following the completion of the transaction, the executive vice president now directly owns 185,651 shares in the company, valued at approximately $14,261,709.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward J. Wehmer sold 29,779 shares of the business’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $76.89, for a total transaction of $2,289,707.31. Following the transaction, the insider now owns 137,352 shares of the company’s stock, valued at $10,560,995.28. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

A number of equities research analysts recently issued reports on WTFC shares. Piper Jaffray Companies set a $72.00 price target on Wintrust Financial Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Zacks Investment Research raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Wednesday, September 27th. ValuEngine raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. BidaskClub downgraded Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods reissued 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 company’s stock. The stock has an average rating of “Hold” and an average price target of $81.13.

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)

Receive News & Ratings for Wintrust Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply