Jennison Associates LLC Grows Position in Wintrust Financial Corporation (NASDAQ:WTFC)

Jennison Associates LLC raised its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 53.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 807,390 shares of the bank's stock after acquiring an additional 280,568 shares during the period. Jennison Associates LLC owned approximately 1.21% of Wintrust Financial worth $90,799,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. CHICAGO TRUST Co NA lifted its stake in Wintrust Financial by 0.5% in the first quarter. CHICAGO TRUST Co NA now owns 19,896 shares of the bank's stock worth $2,238,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Wintrust Financial by 0.5% during the first quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the bank's stock valued at $2,092,000 after buying an additional 100 shares during the last quarter. Securian Asset Management Inc. lifted its position in shares of Wintrust Financial by 2.0% during the first quarter. Securian Asset Management Inc. now owns 5,098 shares of the bank's stock valued at $573,000 after buying an additional 100 shares during the last quarter. Xponance Inc. lifted its position in shares of Wintrust Financial by 1.6% during the first quarter. Xponance Inc. now owns 7,646 shares of the bank's stock valued at $860,000 after buying an additional 123 shares during the last quarter. Finally, Huntington National Bank lifted its position in shares of Wintrust Financial by 3.3% during the fourth quarter. Huntington National Bank now owns 3,971 shares of the bank's stock valued at $495,000 after buying an additional 127 shares during the last quarter. Institutional investors own 93.48% of the company's stock.

Wintrust Financial Trading Up 0.6%

Shares of NASDAQ WTFC traded up $0.77 during trading on Friday, hitting $134.07. 555,451 shares of the company were exchanged, compared to its average volume of 426,867. Wintrust Financial Corporation has a 12-month low of $89.10 and a 12-month high of $142.04. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.01. The company has a fifty day moving average price of $123.75 and a 200-day moving average price of $120.13. The firm has a market capitalization of $8.97 billion, a PE ratio of 13.26 and a beta of 0.82.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.17. The firm had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. Wintrust Financial had a net margin of 17.32% and a return on equity of 12.00%. During the same period in the previous year, the firm earned $2.89 EPS. As a group, equities research analysts expect that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. DA Davidson cut their price objective on shares of Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Stephens cut their price objective on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Raymond James Financial reiterated a "strong-buy" rating and issued a $155.00 price target (up previously from $143.00) on shares of Wintrust Financial in a report on Tuesday, July 8th. Truist Financial cut their price target on shares of Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Hovde Group increased their price target on shares of Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $139.92.

Wintrust Financial 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.