Principal Financial Group Inc. Has $136.31 Million Stock Position in Wintrust Financial Corporation (NASDAQ:WTFC)

Principal Financial Group Inc. lowered its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 6.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,212,090 shares of the bank's stock after selling 89,102 shares during the quarter. Principal Financial Group Inc. owned 1.81% of Wintrust Financial worth $136,312,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Wedge Capital Management L L P NC grew its position in Wintrust Financial by 17.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 20,231 shares of the bank's stock worth $2,275,000 after purchasing an additional 2,986 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Wintrust Financial by 87.9% in the first quarter. Fifth Third Bancorp now owns 25,049 shares of the bank's stock worth $2,817,000 after buying an additional 11,719 shares during the period. Simplicity Wealth LLC purchased a new position in shares of Wintrust Financial during the first quarter valued at $567,000. State of Alaska Department of Revenue raised its position in Wintrust Financial by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 7,788 shares of the bank's stock valued at $875,000 after buying an additional 205 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Wintrust Financial by 8.0% during the first quarter. Janney Montgomery Scott LLC now owns 12,885 shares of the bank's stock valued at $1,449,000 after buying an additional 957 shares during the period. Institutional investors and hedge funds own 93.48% of the company's stock.

Wintrust Financial Stock Up 1.2%

WTFC stock opened at $131.92 on Friday. The company has a 50-day moving average of $120.19 and a two-hundred day moving average of $119.68. Wintrust Financial Corporation has a 52-week low of $89.10 and a 52-week high of $142.04. The stock has a market capitalization of $8.83 billion, a price-to-earnings ratio of 13.05 and a beta of 0.82. 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 issued its quarterly earnings results on Monday, April 21st. The bank reported $2.69 earnings per share 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 firm had revenue of $643.11 million during the quarter, compared to the consensus estimate of $643.11 million. During the same period in the prior year, the firm earned $2.89 EPS. As a group, equities research analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WTFC. Stephens dropped their target price on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen downgraded shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research report on Saturday, June 28th. Barclays increased their target price on shares of Wintrust Financial from $138.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd. Jefferies Financial Group set a $145.00 target price on shares of Wintrust Financial and gave the company a "buy" rating in a research note on Wednesday, May 21st. Finally, Royal Bank Of Canada dropped their price target on shares of Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $135.77.

About Wintrust Financial

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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