Future Fund LLC raised its holdings in Wintrust Financial Corporation (NASDAQ:WTFC – Free Report) by 26.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,800 shares of the bank’s stock after purchasing an additional 5,248 shares during the period. Wintrust Financial makes up about 1.2% of Future Fund LLC’s portfolio, making the stock its 26th largest holding. Future Fund LLC’s holdings in Wintrust Financial were worth $3,446,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Wintrust Financial in the fourth quarter valued at approximately $111,924,000. Wellington Management Group LLP acquired a new stake in Wintrust Financial during the third quarter worth approximately $90,187,000. Artemis Investment Management LLP acquired a new stake in Wintrust Financial during the fourth quarter worth approximately $59,287,000. Vaughan Nelson Investment Management L.P. bought a new position in Wintrust Financial during the 1st quarter worth $34,272,000. Finally, Balyasny Asset Management L.P. raised its holdings in Wintrust Financial by 491.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 254,329 shares of the bank’s stock valued at $35,560,000 after acquiring an additional 211,338 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.
Insider Buying and Selling
In other Wintrust Financial news, Director Suzet M. Mckinney sold 500 shares of Wintrust Financial stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the transaction, the director owned 3,303 shares in the company, valued at $492,014.88. The trade was a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO David A. Dykstra sold 9,579 shares of Wintrust Financial stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $148.82, for a total value of $1,425,546.78. Following the completion of the transaction, the chief operating officer owned 179,810 shares in the company, valued at approximately $26,759,324.20. This represents a 5.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,099 shares of company stock worth $1,954,386 in the last ninety days. 1.24% of the stock is owned by insiders.
Wintrust Financial Stock Down 1.6%
Wintrust Financial (NASDAQ:WTFC – Get Free Report) last issued its earnings results on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $0.26. The firm had revenue of $713.17 million for the quarter, compared to the consensus estimate of $707.23 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.69 EPS. Research analysts forecast that Wintrust Financial Corporation will post 13.03 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on WTFC. Barclays upped their target price on Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. TD Cowen raised their price target on Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Truist Financial boosted their price target on Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, July 10th. DA Davidson reaffirmed a “buy” rating and set a $185.00 price objective on shares of Wintrust Financial in a research report on Tuesday, June 30th. Finally, Piper Sandler reiterated an “overweight” rating and set a $188.00 price objective (up from $184.00) on shares of Wintrust Financial in a research note on Wednesday, April 22nd. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $174.92.
Get Our Latest Stock Report on Wintrust Financial
Wintrust Financial Profile
Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.
The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.
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