Wintrust Financial Corp (NASDAQ:WTFC) Shares Sold by Inspirion Wealth Advisors LLC

Inspirion Wealth Advisors LLC trimmed its holdings in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,806 shares of the bank’s stock after selling 353 shares during the quarter. Inspirion Wealth Advisors LLC’s holdings in Wintrust Financial were worth $270,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BB&T Corp acquired a new position in shares of Wintrust Financial during the 3rd quarter worth approximately $254,000. Foundry Partners LLC raised its stake in shares of Wintrust Financial by 6.3% during the 3rd quarter. Foundry Partners LLC now owns 162,773 shares of the bank’s stock worth $10,520,000 after buying an additional 9,696 shares during the period. Nomura Holdings Inc. raised its stake in shares of Wintrust Financial by 100.0% during the 3rd quarter. Nomura Holdings Inc. now owns 25,000 shares of the bank’s stock worth $1,578,000 after buying an additional 12,500 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Wintrust Financial by 14.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,312,894 shares of the bank’s stock worth $149,482,000 after buying an additional 286,314 shares during the period. Finally, Squarepoint Ops LLC raised its stake in shares of Wintrust Financial by 1.4% during the 3rd quarter. Squarepoint Ops LLC now owns 77,709 shares of the bank’s stock worth $5,022,000 after buying an additional 1,094 shares during the period. 86.79% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ WTFC traded up $0.27 during mid-day trading on Tuesday, reaching $69.21. 207,114 shares of the company’s stock were exchanged, compared to its average volume of 300,413. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 11.81 and a beta of 1.11. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.00. Wintrust Financial Corp has a 52-week low of $59.34 and a 52-week high of $78.25. The company’s 50-day moving average is $69.43 and its 200-day moving average is $66.97.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. Wintrust Financial had a return on equity of 10.65% and a net margin of 20.24%. The business had revenue of $380.00 million during the quarter, compared to analysts’ expectations of $374.98 million. During the same period in the prior year, the business posted $1.57 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts predict that Wintrust Financial Corp will post 6.16 earnings per share for the current fiscal year.

WTFC has been the subject of several research analyst reports. SunTrust Banks reduced their target price on Wintrust Financial from $76.00 to $72.00 and set a “hold” rating for the company in a research note on Monday, December 9th. ValuEngine raised Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. BidaskClub downgraded Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Tuesday. Royal Bank of Canada set a $75.00 price objective on Wintrust Financial and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, UBS Group reduced their price objective on Wintrust Financial from $72.00 to $67.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $76.00.

In other news, Director Gary D. Sweeney bought 786 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was bought at an average cost of $63.60 per share, for a total transaction of $49,989.60. Following the acquisition, the director now directly owns 5,178 shares of the company’s stock, valued at approximately $329,320.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.58% of the company’s stock.

Wintrust Financial 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.

Further Reading: Asset Allocation, Balancing Your Investments

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

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