River & Mercantile Asset Management LLP Acquires New Position in Wintrust Financial Corp (NASDAQ:WTFC)

River & Mercantile Asset Management LLP acquired a new stake in Wintrust Financial Corp (NASDAQ:WTFC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,850 shares of the bank’s stock, valued at approximately $135,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in WTFC. BlackRock Inc. raised its position in Wintrust Financial by 1.6% during the first quarter. BlackRock Inc. now owns 5,698,685 shares of the bank’s stock worth $383,690,000 after acquiring an additional 91,339 shares during the last quarter. Wells Fargo & Company MN raised its position in Wintrust Financial by 17.7% during the first quarter. Wells Fargo & Company MN now owns 541,289 shares of the bank’s stock worth $36,445,000 after acquiring an additional 81,476 shares during the last quarter. Swiss National Bank raised its position in Wintrust Financial by 3.1% during the first quarter. Swiss National Bank now owns 102,767 shares of the bank’s stock worth $6,919,000 after acquiring an additional 3,100 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in Wintrust Financial during the first quarter worth about $88,000. Finally, Xact Kapitalforvaltning AB raised its position in Wintrust Financial by 61.7% during the first quarter. Xact Kapitalforvaltning AB now owns 13,623 shares of the bank’s stock worth $917,000 after acquiring an additional 5,200 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

In related news, Director Gary D. Sweeney bought 747 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was purchased at an average cost of $66.92 per share, for a total transaction of $49,989.24. Following the completion of the acquisition, the director now owns 4,392 shares in the company, valued at $293,912.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.58% of the stock is currently owned by insiders.

WTFC has been the subject of a number of recent research reports. ValuEngine upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Wintrust Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 18th. Raymond James downgraded shares of Wintrust Financial from a “strong-buy” rating to an “outperform” rating in a report on Thursday, August 29th. Wedbush lowered their price target on shares of Wintrust Financial from $84.00 to $78.00 and set an “outperform” rating for the company in a report on Tuesday, July 16th. Finally, SunTrust Banks lowered their price target on shares of Wintrust Financial from $77.00 to $76.00 and set a “hold” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $84.57.

Shares of NASDAQ WTFC traded up $0.78 during midday trading on Friday, reaching $62.77. 279,395 shares of the stock were exchanged, compared to its average volume of 441,927. The company has a market capitalization of $3.56 billion, a P/E ratio of 10.71 and a beta of 1.08. Wintrust Financial Corp has a 52-week low of $59.34 and a 52-week high of $88.12. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average price of $63.59 and a 200-day moving average price of $69.42.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, July 15th. The bank reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.27). Wintrust Financial had a net margin of 20.60% and a return on equity of 10.72%. The company had revenue of $364.36 million during the quarter, compared to analysts’ expectations of $365.40 million. During the same quarter in the previous year, the firm posted $1.53 earnings per share. On average, analysts forecast that Wintrust Financial Corp will post 6.12 earnings per share for the current year.

Wintrust Financial Company Profile

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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