Raymond James & Associates Has $23.74 Million Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Raymond James & Associates increased its position in shares of Wintrust Financial Co. (NASDAQ:WTFCFree Report) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218,733 shares of the bank’s stock after purchasing an additional 10,789 shares during the quarter. Raymond James & Associates owned 0.35% of Wintrust Financial worth $23,739,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Wintrust Financial by 84.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the bank’s stock worth $533,000 after acquiring an additional 2,623 shares during the period. Park Avenue Securities LLC lifted its stake in Wintrust Financial by 17.8% during the first quarter. Park Avenue Securities LLC now owns 6,620 shares of the bank’s stock worth $691,000 after purchasing an additional 998 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Wintrust Financial by 8.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,234 shares of the bank’s stock valued at $651,000 after purchasing an additional 498 shares in the last quarter. Oliver Luxxe Assets LLC increased its stake in shares of Wintrust Financial by 1.7% in the 1st quarter. Oliver Luxxe Assets LLC now owns 9,290 shares of the bank’s stock valued at $970,000 after purchasing an additional 157 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Wintrust Financial by 157.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 190,416 shares of the bank’s stock worth $19,878,000 after buying an additional 116,503 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Stock Down 0.1 %

Shares of NASDAQ WTFC opened at $114.17 on Friday. The company’s 50 day moving average price is $107.44 and its 200-day moving average price is $102.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.99 and a current ratio of 1.02. Wintrust Financial Co. has a 52-week low of $71.86 and a 52-week high of $117.77. The company has a market capitalization of $7.59 billion, a P/E ratio of 11.95 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last released its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The firm had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. During the same quarter in the previous year, the firm earned $2.53 EPS. Wintrust Financial’s quarterly revenue was up 7.1% on a year-over-year basis. Equities analysts forecast that Wintrust Financial Co. will post 10.11 earnings per share for the current year.

Analysts Set New Price Targets

WTFC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut Wintrust Financial from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $110.00 to $115.00 in a research report on Friday, July 19th. Royal Bank of Canada upped their price objective on shares of Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 9th. Jefferies Financial Group cut their target price on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Stephens reiterated an “overweight” rating and set a $115.00 price target on shares of Wintrust Financial in a report on Thursday, July 18th. Finally, DA Davidson raised their price objective on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.00.

Get Our Latest Stock Analysis on Wintrust Financial

Wintrust Financial Company Profile

(Free Report)

Wintrust Financial Corporation operates as a financial holding company. 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), online and mobile banking, and other services.

Further Reading

Want to see what other hedge funds are holding WTFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wintrust Financial Co. (NASDAQ:WTFCFree Report).

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.