Fox Run Management L.L.C. Acquires Shares of 4,647 Wintrust Financial Corp (WTFC)

Fox Run Management L.L.C. acquired a new position in Wintrust Financial Corp (NASDAQ:WTFC) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 4,647 shares of the bank’s stock, valued at approximately $395,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. United Services Automobile Association lifted its position in Wintrust Financial by 49.0% during the second quarter. United Services Automobile Association now owns 44,253 shares of the bank’s stock valued at $3,852,000 after purchasing an additional 14,552 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Wintrust Financial by 33.8% during the second quarter. Advisors Asset Management Inc. now owns 17,340 shares of the bank’s stock valued at $1,509,000 after purchasing an additional 4,384 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Wintrust Financial by 84.6% in the second quarter. Public Employees Retirement System of Ohio now owns 49,614 shares of the bank’s stock valued at $4,319,000 after acquiring an additional 22,732 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of Wintrust Financial in the second quarter valued at about $288,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Wintrust Financial in the second quarter valued at about $483,000. 88.34% of the stock is owned by institutional investors.

NASDAQ:WTFC opened at $86.50 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $4.79 billion, a P/E ratio of 19.66, a PEG ratio of 1.05 and a beta of 0.80. Wintrust Financial Corp has a 12 month low of $76.00 and a 12 month high of $99.96.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Tuesday, July 17th. The bank reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.09. The company had revenue of $333.40 million for the quarter, compared to the consensus estimate of $327.03 million. Wintrust Financial had a return on equity of 10.62% and a net margin of 22.07%. During the same period in the previous year, the business earned $1.11 earnings per share. On average, equities research analysts anticipate that Wintrust Financial Corp will post 6.01 EPS for the current year.

Several brokerages have recently commented on WTFC. Hovde Group set a $98.00 price objective on Wintrust Financial and gave the company a “hold” rating in a research report on Monday, July 23rd. BidaskClub upgraded Wintrust Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 12th. Zacks Investment Research downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Saturday, July 7th. Wedbush boosted their price objective on Wintrust Financial from $100.00 to $101.00 and gave the company a “$90.84” rating in a research report on Wednesday, July 18th. Finally, FIG Partners upgraded Wintrust Financial from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a research report on Tuesday, October 2nd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Wintrust Financial currently has an average rating of “Hold” and an average price target of $95.00.

In related news, insider Edward J. Wehmer sold 12,301 shares of the business’s stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $91.12, for a total value of $1,120,867.12. Following the sale, the insider now directly owns 133,308 shares in the company, valued at $12,147,024.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Timothy Crane sold 954 shares of the business’s stock in a transaction dated Friday, July 20th. The stock was sold at an average price of $90.96, for a total value of $86,775.84. Following the completion of the sale, the insider now owns 17,272 shares in the company, valued at $1,571,061.12. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by insiders.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.

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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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