Wells Fargo & Co (NYSE:WFC) Holdings Reduced by Banced Corp

13 March, 2018, 18:48 | Author: Regina Silva

Chilton Capital Management Llc sold 174,388 shares as the company's stock declined 8.66% while stock markets rallied. Boston Private Wealth LLC now owns 624,821 shares of the financial services provider's stock worth $34,622,000 after purchasing an additional 27,536 shares during the last quarter. Berkshire Hathaway Inc who had been investing in Wells Fargo & Co New for a number of months, seems to be less bullish one the $283.01 billion market cap company. The stock increased 2.66% or $1.51 during the last trading session, reaching $58.23. About 279,041 shares traded.

Shares of Wells Fargo & Co (NYSE WFC) opened at $58.23 on Friday. It has underperformed by 7.03% the S&P500.

Legal & General Group Plc increased its stake in Caretrust Reit Inc (CTRE) by 28.15% based on its latest 2017Q3 regulatory filing with the SEC. Penn Mutual Life Insurance Company bought 100,000 shares as the company's stock rose 8.54% with the market. The financial services provider reported $0.97 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.07). Sprott Inc who had been investing in First Majestic Silver Corp for a number of months, seems to be less bullish one the $999.11M market cap company. The stock increased 0.24% or $0.0858 during the last trading session, reaching $35.5658. About 46,334 shares traded. It has outperformed by 1.89% the S&P500.

Among 5 analysts covering Bio-Rad Laboratories (NYSE:BIO), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 45% are positive. The stock of First Majestic Silver Corp. RBC Capital Markets maintained the stock with "Sell" rating in Friday, August 18 report. The company was maintained on Thursday, February 8 by Jefferies. The stock has "Market Perform" rating by BMO Capital Markets on Monday, October 16. Barclays Capital maintained it with "Overweight" rating and $61 target in Monday, July 18 report. The rating was maintained by Keefe Bruyette & Woods on Friday, August 25 with "Buy". (NYSE:AG) on Friday, April 7 to "Market Perform" rating. Sandler O'Neill raised shares of Wells Fargo & Co from a "hold" rating to a "buy" rating and boosted their price target for the stock from $62.04 to $73.00 in a research note on Tuesday, January 9th. Royal Bank of Canada lowered shares of Wells Fargo & Co from an "outperform" rating to an "underperform" rating in a report on Monday, February 5th. The rating was downgraded by BB&T Capital on Wednesday, May 25 to "Hold". MATSCHULLAT ROBERT W also sold $707,561 worth of Visa Inc.

In other news, Director Ronald Sargent purchased 9,000 shares of the stock in a transaction that occurred on Monday, February 12th. Spc Fin Inc reported 5,245 shares. Farrell Brad sold $375,718 worth of Two Harbors Investment Corp.

Investors sentiment increased to 0.75 in 2017 Q3. Its down 0.71, from 1.6 in 2017Q2. They expect $0.52 earnings per share, up 36.84% or $0.14 from last year's $0.38 per share. Associated Banc reported 267,037 shares. First Majestic Silver Corp. (NYSE:BIO) or 114,771 shares. Chilton Ltd Liability Corp owns 61,306 shares or 0.13% of their United States portfolio.

Penn Mutual Life Insurance Co holds 1.78% of its portfolio in PIMCO Dynamic Income Fund for 85,000 shares. Clearbridge Invs Limited Liability Co stated it has 4,013 shares or 0% of all its holdings. Moreover, Zevin Asset Mngmt Lc has 3.52% invested in Visa Inc. (NYSE:TWO) for 287,868 shares. Maverick Limited holds 4.46% of its portfolio in Visa Inc. Bankshares Of America De, a North Carolina-based fund reported 135,949 shares. Manchester Cap Mngmt Ltd Liability Corporation, Vermont-based fund reported 1,852 shares. Capital World Investors now owns 111,753,448 shares of the financial services provider's stock worth $6,192,259,000 after acquiring an additional 10,927,679 shares during the period. Daiwa Sb Invests Ltd has invested 0.33% in Visa Inc. Somerville Kurt F has 5,250 shares. Westside Investment Management Inc. lifted its stake in Wells Fargo & Co by 63.9% in the second quarter.

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Among 2 analysts covering Lakeland Industries (NASDAQ:LAKE), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 38% are positive. While talking about Performance of the Stock, Wells Fargo & Company now has a Weekly performance of 0.75%, monthly performance percentage is 4.73 percent, Quarterly performance is -2.26 percent, 6 months performance shows a percent value of 17.02% and Yearly Performance is -1.41 percent. The rating was downgraded by Zacks to "Hold" on Wednesday, August 12. The rating was downgraded by JP Morgan to "Underweight" on Monday, February 5. As per Wednesday, October 7, the company rating was downgraded by Desjardins Securities. The stock of First Bancorp (NASDAQ:FBNC) earned "Buy" rating by Brean Capital on Wednesday, August 2. Meridian Management Co stated it has 1.07% in Wells Fargo & Company (NYSE:WFC). The stock of Wells Fargo & Company (NYSE:WFC) has "Buy" rating given on Thursday, July 27 by RBC Capital Markets.

Wells Fargo & Co declared that its Board of Directors has initiated a share repurchase plan on Tuesday, January 23rd that allows the company to buyback 350,000,000 shares. Susquehanna maintained Wells Fargo & Company (NYSE:WFC) on Thursday, January 4 with "Hold" rating. Keefe Bruyette & Woods maintained First Bancorp (NASDAQ:FBNC) rating on Tuesday, October 3. Numis Securities has "Add" rating and GBX 225 target.

Since November 17, 2017, it had 0 insider buys, and 1 insider sale for $292,234 activity.

Investors sentiment decreased to 0.73 in 2017 Q3. Its up 0.02, from 0.73 in 2017Q2. It turned negative, as 92 investors sold WFC shares while 725 reduced holdings.

Several other institutional investors and hedge funds have also recently made changes to their positions in WFC.

WARNING: "Wells Fargo & Co (NYSE:WFC) Holdings Reduced by Banced Corp" was originally published by Enterprise Leader and is the sole property of of Enterprise Leader. Raymond James Service Advsrs accumulated 32,085 shares. Karpas Strategies Limited Liability Corp owns 19,792 shares. C M Bidwell & holds 160 shares or 0.06% of its portfolio. Capital City Fl stated it has 4,175 shares. Monetary accumulated 19,523 shares. Minnesota-based Carlson Mngmt has invested 0.53% in Wells Fargo & Company (NYSE:WFC). Smead Capital Mngmt Inc invested 3.85% of its portfolio in Wells Fargo & Company (NYSE:WFC). Balasa Dinverno & Foltz Limited Co has invested 0.41% in Wells Fargo & Company (NYSE:WFC). Snow Cap Mgmt Ltd Partnership holds 6,283 shares or 0.02% of its portfolio. The institutional investor held 17,000 shares of the major banks company at the end of 2017Q3, valued at $938,000, down from 23,000 at the end of the previous reported quarter. Inc Ca owns 0.41% invested in Wells Fargo & Company (NYSE:WFC) for 50,780 shares.



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