AQR Capital Management LLC Has $6.60 Million Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

AQR Capital Management LLC grew its position in Wintrust Financial Co. (NASDAQ:WTFC) by 160.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,806 shares of the bank’s stock after buying an additional 41,722 shares during the quarter. AQR Capital Management LLC’s holdings in Wintrust Financial were worth $6,595,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. AXA S.A. boosted its stake in Wintrust Financial by 69.4% in the 2nd quarter. AXA S.A. now owns 58,927 shares of the bank’s stock worth $5,808,000 after purchasing an additional 24,148 shares during the period. Alpha DNA Investment Management LLC grew its holdings in shares of Wintrust Financial by 27.8% during the second quarter. Alpha DNA Investment Management LLC now owns 3,883 shares of the bank’s stock valued at $383,000 after buying an additional 845 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Wintrust Financial during the second quarter valued at $593,000. Westwood Holdings Group Inc. boosted its position in Wintrust Financial by 1.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 188,283 shares of the bank’s stock worth $18,557,000 after acquiring an additional 2,058 shares during the period. Finally, Sei Investments Co. grew its stake in Wintrust Financial by 25.2% during the 2nd quarter. Sei Investments Co. now owns 148,151 shares of the bank’s stock valued at $14,602,000 after acquiring an additional 29,839 shares in the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on WTFC shares. Truist Financial raised their price target on shares of Wintrust Financial from $118.00 to $123.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Jefferies Financial Group lowered their price target on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Wedbush increased their price objective on Wintrust Financial from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Hovde Group restated a “market perform” rating and issued a $100.00 target price on shares of Wintrust Financial in a research note on Friday, June 21st. Finally, Piper Sandler raised their price target on Wintrust Financial from $113.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.23.

Wintrust Financial Stock Up 0.4 %

Shares of Wintrust Financial stock opened at $104.57 on Friday. Wintrust Financial Co. has a 12-month low of $71.86 and a 12-month high of $113.68. The stock has a market capitalization of $6.46 billion, a P/E ratio of 10.81 and a beta of 1.16. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.85. The stock has a 50 day moving average price of $104.54 and a two-hundred day moving average price of $101.12.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.10). Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The firm had revenue of $591.76 million during the quarter, compared to the consensus estimate of $587.33 million. During the same quarter last year, the business earned $2.38 EPS. The business’s revenue was up 5.6% compared to the same quarter last year. Equities analysts expect that Wintrust Financial Co. will post 10.09 earnings per share for the current year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.80 annualized dividend and a yield of 1.72%. Wintrust Financial’s payout ratio is 18.61%.

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.