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.
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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