Envestnet Asset Management Inc. Buys 105,754 Shares of Wintrust Financial Corporation (NASDAQ:WTFC)

Envestnet Asset Management Inc. boosted its holdings in Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 43.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 349,983 shares of the bank's stock after buying an additional 105,754 shares during the period. Envestnet Asset Management Inc. owned approximately 0.52% of Wintrust Financial worth $39,359,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Park Place Capital Corp increased its position in shares of Wintrust Financial by 1,264.7% during the first quarter. Park Place Capital Corp now owns 232 shares of the bank's stock worth $26,000 after acquiring an additional 215 shares in the last quarter. Wayfinding Financial LLC bought a new position in Wintrust Financial in the first quarter valued at $36,000. Opal Wealth Advisors LLC bought a new position in Wintrust Financial in the first quarter valued at $38,000. Millstone Evans Group LLC bought a new position in Wintrust Financial in the fourth quarter valued at $43,000. Finally, Parallel Advisors LLC grew its position in Wintrust Financial by 33.9% in the first quarter. Parallel Advisors LLC now owns 593 shares of the bank's stock valued at $67,000 after purchasing an additional 150 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Price Performance

WTFC stock opened at $131.87 on Monday. The company has a 50 day simple moving average of $122.12 and a 200 day simple moving average of $119.86. The stock has a market cap of $8.83 billion, a price-to-earnings ratio of 13.04 and a beta of 0.82. Wintrust Financial Corporation has a 1 year low of $89.10 and a 1 year high of $142.04. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.00.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The bank reported $2.69 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.17. Wintrust Financial had a net margin of 17.32% and a return on equity of 12.00%. The company had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. During the same period in the prior year, the firm posted $2.89 EPS. Research analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WTFC. Jefferies Financial Group set a $145.00 price objective on shares of Wintrust Financial and gave the company a "buy" rating in a research report on Wednesday, May 21st. Royal Bank Of Canada cut their target price on shares of Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Truist Financial cut their target price on shares of Wintrust Financial from $150.00 to $137.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Stephens cut their target price on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Finally, Hovde Group raised their target price on shares of Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $138.00.

Wintrust Financial Company Profile

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.

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