Wintrust Financial (WTFC) Reaches $87.49 52-Week High; Melvin Capital Management LP Lifted By $105.90 Million Its Amazon Com (Call) (AMZN) Holding

January 14, 2018 - By Marie Mckinney

The stock of Wintrust Financial Corporation (NASDAQ:WTFC) hit a new 52-week high and has $91.86 target or 5.00% above today’s $87.49 share price. The 6 months bullish chart indicates low risk for the $4.89 billion company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $91.86 price target is reached, the company will be worth $244.65M more. The stock increased 0.03% or $0.03 during the last trading session, reaching $87.49. About 296,202 shares traded. Wintrust Financial Corporation (NASDAQ:WTFC) has risen 36.64% since January 14, 2017 and is uptrending. It has outperformed by 19.94% the S&P500.

Melvin Capital Management Lp increased Amazon Com Inc (Call) (AMZN) stake by 59.38% reported in 2017Q3 SEC filing. Melvin Capital Management Lp acquired 110,200 shares as Amazon Com Inc (Call) (AMZN)’s stock rose 13.58%. The Melvin Capital Management Lp holds 295,800 shares with $284.37 million value, up from 185,600 last quarter. Amazon Com Inc (Call) now has $628.94 billion valuation. The stock increased 2.23% or $28.52 during the last trading session, reaching $1305.2. About 5.44M shares traded or 53.23% up from the average. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since January 14, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Among 50 analysts covering Amazon.com (NASDAQ:AMZN), 47 have Buy rating, 0 Sell and 3 Hold. Therefore 94% are positive. Amazon.com had 246 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Maxim Group with “Buy” on Wednesday, September 28. As per Friday, October 27, the company rating was maintained by Piper Jaffray. The company was upgraded on Friday, October 27 by Raymond James. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, November 11 report. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Friday, June 16 by Jefferies. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Hold” rating given on Wednesday, June 21 by KeyBanc Capital Markets. The stock has “Positive” rating by Susquehanna on Monday, January 18. On Monday, July 10 the stock rating was maintained by Credit Suisse with “Buy”. On Tuesday, August 4 the stock rating was maintained by Piper Jaffray with “Overweight”. The firm earned “Buy” rating on Thursday, February 18 by Canaccord Genuity.

Melvin Capital Management Lp decreased Gamestop Corp New (Put) (NYSE:GME) stake by 1.49M shares to 465,900 valued at $9.63M in 2017Q3. It also reduced Rh (Put) stake by 1.28M shares and now owns 77,700 shares. Vista Outdoor Inc (Put) was reduced too.

Since August 3, 2017, it had 0 insider purchases, and 9 sales for $16.47 million activity. Blackburn Jeffrey M also sold $2.05 million worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. 710 shares valued at $697,038 were sold by WILKE JEFFREY A on Tuesday, August 15. Olsavsky Brian T sold 2,334 shares worth $2.31 million. Reynolds Shelley also sold $536,666 worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. Another trade for 1,985 shares valued at $1.96M was sold by Jassy Andrew R. Zapolsky David also sold $2.30 million worth of Amazon.com, Inc. (NASDAQ:AMZN) shares.

Investors sentiment decreased to 1.26 in Q3 2017. Its down 0.10, from 1.36 in 2017Q2. It worsened, as 73 investors sold AMZN shares while 549 reduced holdings. 127 funds opened positions while 657 raised stakes. 279.77 million shares or 1.91% less from 285.20 million shares in 2017Q2 were reported. Navellier And Incorporated holds 0.91% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 4,858 shares. Prtnrs Capital Mgmt Ltd has invested 0.31% in Amazon.com, Inc. (NASDAQ:AMZN). Kentucky Retirement Insur Fund holds 10,490 shares. Schroder Invest Mngmt Grp owns 0.69% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 415,425 shares. Bollard Grp Inc Limited Liability reported 33,855 shares. M Securities holds 0.29% or 942 shares in its portfolio. Credit Suisse Ag reported 762,586 shares. 206,161 are owned by Metropolitan Life Company. Northern holds 4.78M shares. Tyvor Ltd Llc has invested 0.18% in Amazon.com, Inc. (NASDAQ:AMZN). 452,890 were reported by Waddell & Reed Financial. Shellback Capital Lp owns 18,000 shares. Canada Pension Plan Investment Board owns 206,530 shares. 2,516 are owned by Nichols Pratt Advisers Ltd Liability Partnership Ma. State Bank Hapoalim Bm invested 1.12% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN).

Among 10 analysts covering Wintrust Financial (NASDAQ:WTFC), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. Wintrust Financial has $97.0 highest and $46 lowest target. $75.50’s average target is -13.70% below currents $87.49 stock price. Wintrust Financial had 33 analyst reports since July 20, 2015 according to SRatingsIntel. Jefferies maintained the shares of WTFC in report on Friday, August 11 with “Hold” rating. The stock has “Hold” rating by Jefferies on Monday, January 8. RBC Capital Markets maintained Wintrust Financial Corporation (NASDAQ:WTFC) rating on Thursday, October 19. RBC Capital Markets has “Buy” rating and $84.0 target. The rating was maintained by RBC Capital Markets with “Buy” on Friday, July 7. The firm has “Buy” rating given on Monday, August 21 by Keefe Bruyette & Woods. The stock of Wintrust Financial Corporation (NASDAQ:WTFC) has “Buy” rating given on Thursday, October 19 by Keefe Bruyette & Woods. Macquarie Research maintained the shares of WTFC in report on Monday, October 19 with “Neutral” rating. The rating was maintained by RBC Capital Markets on Wednesday, July 19 with “Buy”. The company was maintained on Friday, September 15 by Jefferies. RBC Capital Markets maintained Wintrust Financial Corporation (NASDAQ:WTFC) rating on Wednesday, January 20. RBC Capital Markets has “Outperform” rating and $50 target.

Since October 23, 2017, it had 0 insider buys, and 4 insider sales for $3.45 million activity. Another trade for 3,178 shares valued at $254,240 was made by ZIDAR THOMAS P on Thursday, October 26. DYKSTRA DAVID A had sold 22,476 shares worth $1.79M. On Monday, October 23 the insider WEHMER EDWARD J sold $719,190. The insider GLEASON LEONA A sold $681,864.

Investors sentiment increased to 1.63 in Q3 2017. Its up 0.63, from 1 in 2017Q2. It improved, as 17 investors sold Wintrust Financial Corporation shares while 66 reduced holdings. 37 funds opened positions while 98 raised stakes. 50.16 million shares or 0.77% more from 49.78 million shares in 2017Q2 were reported. First Lp accumulated 0.02% or 111,274 shares. Hightower Advsr Ltd Liability Com has invested 0.01% in Wintrust Financial Corporation (NASDAQ:WTFC). Foundry Prtn Ltd Liability Corp holds 0.82% or 263,678 shares. Oppenheimer & Com reported 0.01% of its portfolio in Wintrust Financial Corporation (NASDAQ:WTFC). Strs Ohio reported 0% of its portfolio in Wintrust Financial Corporation (NASDAQ:WTFC). Moreover, Legal And General Grp Public Ltd Co has 0% invested in Wintrust Financial Corporation (NASDAQ:WTFC). Morgan Stanley holds 195,409 shares. Rhumbline Advisers stated it has 129,685 shares. United Fire Group Inc holds 6.08% or 230,523 shares. State Board Of Administration Of Florida Retirement Systems stated it has 0.01% of its portfolio in Wintrust Financial Corporation (NASDAQ:WTFC). Nuveen Asset Mgmt Limited Liability Co accumulated 356,252 shares or 0.18% of the stock. Hennessy Advsrs holds 0.14% or 58,000 shares. Plante Moran Finance Limited Liability Company reported 0.02% of its portfolio in Wintrust Financial Corporation (NASDAQ:WTFC). Whitnell And holds 0.03% in Wintrust Financial Corporation (NASDAQ:WTFC) or 832 shares. Kennedy Capital holds 212,087 shares.

Analysts await Wintrust Financial Corporation (NASDAQ:WTFC) to report earnings on January, 17. They expect $1.13 earnings per share, up 20.21% or $0.19 from last year’s $0.94 per share. WTFC’s profit will be $63.20M for 19.36 P/E if the $1.13 EPS becomes a reality. After $1.12 actual earnings per share reported by Wintrust Financial Corporation for the previous quarter, Wall Street now forecasts 0.89% EPS growth.

Wintrust Financial Corporation, a financial holding company, provides banking and other financial services and products to clients in the Chicago metropolitan area and in southern Wisconsin. The company has market cap of $4.89 billion. It operates in three divisions: Community Banking, Specialty Finance, and Wealth Management. It has a 20.99 P/E ratio. The Community Banking segment offers personal and commercial banking services primarily to individuals, small to mid-sized businesses, local governmental units, and institutional customers.

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