Teacher Retirement System of Texas Decreases Stake in Wintrust Financial Corp. (WTFC)
Teacher Retirement System of Texas reduced its stake in Wintrust Financial Corp. (NASDAQ:WTFC) by 48.9% during the second quarter, Holdings Channel reports. The firm owned 6,791 shares of the company’s stock after selling 6,496 shares during the period. Teacher Retirement System of Texas’ holdings in Wintrust Financial Corp. were worth $346,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in WTFC. Victory Capital Management Inc. raised its position in shares of Wintrust Financial Corp. by 77.5% in the second quarter. Victory Capital Management Inc. now owns 2,277 shares of the company’s stock valued at $116,000 after buying an additional 994 shares during the period. PNC Financial Services Group Inc. increased its stake in 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 valued at $183,000 after buying an additional 116 shares in the last quarter. Commonwealth Equity Services Inc acquired a new stake in Wintrust Financial Corp. during the second quarter valued at $200,000. Shelton Capital Management acquired a new stake in Wintrust Financial Corp. during the second quarter valued at $207,000. Finally, Capital Fund Management S.A. acquired a new stake in Wintrust Financial Corp. during the second quarter valued at $255,000. Institutional investors own 91.90% of the company’s stock.
Shares of Wintrust Financial Corp. (NASDAQ:WTFC) traded down 2.72% during trading on Thursday, hitting $54.05. 52,882 shares of the stock traded hands. The stock has a market cap of $2.79 billion, a PE ratio of 17.25 and a beta of 0.86. The firm’s 50-day moving average price is $55.25 and its 200-day moving average price is $51.92. Wintrust Financial Corp. has a 12 month low of $37.96 and a 12 month high of $56.68.
Wintrust Financial Corp. (NASDAQ:WTFC) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company posted $0.85 earnings per share. Analysts anticipate that Wintrust Financial Corp. will post $3.60 EPS for the current year.
Several research firms have weighed in on WTFC. Zacks Investment Research downgraded shares of Wintrust Financial Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. Piper Jaffray Cos. reissued a “neutral” rating and issued a $53.00 price target (up from $52.00) on shares of Wintrust Financial Corp. in a research note on Sunday, July 24th. Finally, 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 for the company. Nine analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Wintrust Financial Corp. presently has an average rating of “Hold” and an average price target of $53.10.
In other Wintrust Financial Corp. news, insider Richard B. Murphy sold 1,293 shares of Wintrust Financial Corp. stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $52.71, for a total value of $68,154.03. Following the completion of the transaction, the insider now directly owns 28,445 shares of the company’s stock, valued at approximately $1,499,335.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by company insiders.
Wintrust Financial Corp. 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 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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