California State Teachers Retirement System Has $6.96 Million Position in Wintrust Financial Corp (WTFC)

California State Teachers Retirement System lessened its position in Wintrust Financial Corp (NASDAQ:WTFC) by 9.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 88,871 shares of the bank’s stock after selling 9,496 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Wintrust Financial worth $6,959,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its position in Wintrust Financial by 5.9% during the 3rd quarter. Stifel Financial Corp now owns 295,023 shares of the bank’s stock valued at $23,101,000 after buying an additional 16,508 shares in the last quarter. KBC Group NV increased its position in Wintrust Financial by 445.2% during the 3rd quarter. KBC Group NV now owns 25,317 shares of the bank’s stock valued at $1,983,000 after buying an additional 20,673 shares in the last quarter. Moody Aldrich Partners LLC increased its position in Wintrust Financial by 84.9% during the 3rd quarter. Moody Aldrich Partners LLC now owns 26,771 shares of the bank’s stock valued at $2,096,000 after buying an additional 12,291 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Wintrust Financial by 5.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 305,776 shares of the bank’s stock valued at $23,946,000 after buying an additional 15,422 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Wintrust Financial by 3.9% during the 3rd quarter. Wells Fargo & Company MN now owns 298,804 shares of the bank’s stock valued at $23,399,000 after buying an additional 11,209 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Shares of Wintrust Financial Corp (NASDAQ:WTFC) opened at $87.49 on Friday. The company has a market capitalization of $4,891.05, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.18 and a beta of 0.83. Wintrust Financial Corp has a fifty-two week low of $64.14 and a fifty-two week high of $88.54. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.40.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. The business had revenue of $295.70 million during the quarter, compared to analyst estimates of $298.96 million. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 EPS. sell-side analysts expect that Wintrust Financial Corp will post 4.38 earnings per share for the current year.

In other news, Director Gary D. Sweeney acquired 338 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was bought at an average price of $80.58 per share, with a total value of $27,236.04. Following the completion of the acquisition, the director now directly owns 2,973 shares of the company’s stock, valued at approximately $239,564.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David A. Dykstra sold 22,476 shares of Wintrust Financial stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $79.86, for a total value of $1,794,933.36. Following the completion of the sale, the executive vice president now directly owns 188,604 shares of the company’s stock, valued at approximately $15,061,915.44. The disclosure for this sale can be found here. Insiders sold 44,500 shares of company stock valued at $3,563,512 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

A number of research firms recently weighed in on WTFC. BidaskClub raised Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Thursday. Piper Jaffray Companies reaffirmed a “hold” rating and set a $86.00 price objective on shares of Wintrust Financial in a research report on Tuesday, January 9th. SunTrust Banks reaffirmed a “hold” rating and set a $94.00 price objective on shares of Wintrust Financial in a research report on Tuesday, January 9th. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Saturday, January 6th. Finally, ValuEngine raised Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $86.88.

ILLEGAL ACTIVITY NOTICE: “California State Teachers Retirement System Has $6.96 Million Position in Wintrust Financial Corp (WTFC)” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/01/14/wintrust-financial-corp-wtfc-shares-sold-by-california-state-teachers-retirement-system.html.

Wintrust Financial 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 (NASDAQ:WTFC)

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

Leave a Reply