JPMorgan Chase & Co. cut its position in Wintrust Financial Corp. (NASDAQ:WTFC) by 3.6% during the second quarter, Holdings Channel reports. The institutional investor owned 142,163 shares of the company’s stock after selling 5,256 shares during the period. JPMorgan Chase & Co. owned approximately 0.28% of Wintrust Financial Corp. worth $7,250,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of WTFC. PNC Financial Services Group Inc. boosted its position in shares of Wintrust Financial Corp. by 3.3% in the second quarter. PNC Financial Services Group Inc. now owns 3,585 shares of the company’s stock worth $183,000 after buying an additional 116 shares in the last quarter. Commonwealth Equity Services Inc acquired a new position in shares of Wintrust Financial Corp. during the second quarter worth about $200,000. Shelton Capital Management acquired a new position in shares of Wintrust Financial Corp. during the second quarter worth about $207,000. Royal Bank of Canada boosted its position in shares of Wintrust Financial Corp. by 453.9% in the first quarter. Royal Bank of Canada now owns 5,694 shares of the company’s stock worth $252,000 after buying an additional 4,666 shares in the last quarter. Finally, Capital Fund Management S.A. acquired a new position in shares of Wintrust Financial Corp. during the second quarter worth about $255,000. 91.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Wintrust Financial Corp. (NASDAQ:WTFC) traded up 0.34% during mid-day trading on Friday, reaching $56.03. 213,773 shares of the company were exchanged. The stock has a market capitalization of $2.90 billion, a P/E ratio of 17.88 and a beta of 0.86. The firm has a 50-day moving average price of $55.12 and a 200 day moving average price of $51.66. Wintrust Financial Corp. has a 12 month low of $37.96 and a 12 month high of $56.61.
Wintrust Financial Corp. (NASDAQ:WTFC) last issued its earnings results on Tuesday, July 19th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.04. Wintrust Financial Corp. had a net margin of 16.55% and a return on equity of 8.27%. During the same quarter last year, the company posted $0.85 EPS. Equities research analysts anticipate that Wintrust Financial Corp. will post $3.60 EPS for the current fiscal year.
Several brokerages have commented on WTFC. Hovde Group began coverage on shares of Wintrust Financial Corp. in a research note on Wednesday, August 24th. They issued a “market perform” rating and a $59.00 price target on the stock. Zacks Investment Research upgraded shares of Wintrust Financial Corp. from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Tuesday, August 16th. Sterne Agee CRT began coverage on shares of Wintrust Financial Corp. in a research note on Sunday, June 12th. They issued a “hold” rating on the stock. Finally, Piper Jaffray Cos. restated a “neutral” rating and issued a $53.00 price target (up previously from $52.00) on shares of Wintrust Financial Corp. in a research note on Sunday, July 24th. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Wintrust Financial Corp. has an average rating of “Hold” and an average target price of $53.10.
In other news, insider Richard B. Murphy sold 1,293 shares of Wintrust Financial Corp. stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $52.71, for a total transaction of $68,154.03. Following the sale, the insider now directly owns 28,445 shares in the company, valued at approximately $1,499,335.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.
About Wintrust Financial Corp.
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 provides community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks).
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