Wintrust Financial Corp (NASDAQ:WTFC) Shares Sold by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC lessened its holdings in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,053 shares of the bank’s stock after selling 607 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Wintrust Financial were worth $677,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in WTFC. Wells Fargo & Company MN increased its stake in shares of Wintrust Financial by 17.7% during the first quarter. Wells Fargo & Company MN now owns 541,289 shares of the bank’s stock worth $36,445,000 after buying an additional 81,476 shares during the period. BlackRock Inc. increased its stake in shares of Wintrust Financial by 1.6% during the first quarter. BlackRock Inc. now owns 5,698,685 shares of the bank’s stock worth $383,690,000 after buying an additional 91,339 shares during the period. Monarch Partners Asset Management LLC increased its stake in shares of Wintrust Financial by 177.7% during the first quarter. Monarch Partners Asset Management LLC now owns 67,095 shares of the bank’s stock worth $4,518,000 after buying an additional 42,935 shares during the period. Acadian Asset Management LLC increased its stake in shares of Wintrust Financial by 9,482.7% during the first quarter. Acadian Asset Management LLC now owns 41,493 shares of the bank’s stock worth $2,794,000 after buying an additional 41,060 shares during the period. Finally, Martingale Asset Management L P purchased a new stake in shares of Wintrust Financial during the first quarter worth approximately $978,000. 88.91% of the stock is currently owned by institutional investors.

Shares of WTFC stock traded up $0.22 during trading hours on Monday, hitting $73.38. The stock had a trading volume of 293,800 shares, compared to its average volume of 411,404. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 0.82 and a beta of 1.04. Wintrust Financial Corp has a twelve month low of $61.53 and a twelve month high of $92.56. The stock has a 50 day moving average price of $71.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.99 and a quick ratio of 0.98.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, April 15th. The bank reported $1.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.01). Wintrust Financial had a return on equity of 11.28% and a net margin of 21.95%. The company had revenue of $343.64 million for the quarter, compared to analysts’ expectations of $345.03 million. During the same quarter last year, the company earned $1.40 EPS. Wintrust Financial’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, research analysts expect that Wintrust Financial Corp will post 6.61 EPS for the current year.

WTFC has been the topic of a number of recent research reports. Piper Jaffray Companies set a $93.00 target price on shares of Wintrust Financial and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Zacks Investment Research upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Wednesday, June 5th. Jefferies Financial Group upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. BidaskClub raised Wintrust Financial from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $85.00 price target (up from $80.00) on shares of Wintrust Financial in a report on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Wintrust Financial has a consensus rating of “Buy” and an average target price of $92.13.

Wintrust Financial Company Profile

Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), Internet banking, and other services.

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

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