Tuesday, 16 January, 2018

Wells Fargo & Company (WFC) Holdings Boosted by 440 Investment Group LLC

Reuters Reuters
Conrad Doyle | 14 November, 2017, 19:54

(WFC) by 1.92% based on its latest 2017Q2 regulatory filing with the SEC. Honeywell International Inc acquired 188,900 shares as Wells Fargo & Co New (WFC)'s stock declined 8.66%. The Kings Point Capital Management holds 86,051 shares with $4.77M value, up from 32,561 last quarter. Smith Graham & Co Investment Advisors Lp who had been investing in Dsw Inc for a number of months, seems to be bullish on the $1.60B market cap company. Harris Associates L P now owns 23,796,125 shares of the financial services provider's stock worth $1,324,492,000 after purchasing an additional 286,710 shares in the last quarter.

Shares of Wells Fargo & Company (NYSE WFC) traded down $0.19 during trading on Monday, hitting $53.81. Kimberly Clark Corp (NYSE:KMB) has risen 0.32% since November 13, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

Gemmer Asset Management Llc increased Kimberly Clark Corp (KMB) stake by 121.52% reported in 2017Q2 SEC filing. The stock decreased 0.35% or $0.19 on November 10, reaching $53.81. The institutional investor held 439,232 shares of the major banks company at the end of 2017Q2, valued at $24.34 million, down from 860,906 at the end of the previous reported quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,415,854 shares of the financial services provider's stock valued at $746,726,000 after buying an additional 93,236 shares during the last quarter. About 782,918 shares traded.

Wells Fargo & Company (WFC) analysts on average have given a price target of $46.73 on WFC stock. It has underperformed by 33.50% the S&P500.

Since May 16, 2017, it had 0 insider purchases, and 2 sales for $3.39 million activity. 24,708 shares valued at $1.34M were sold by Pelos Petros G on Monday, June 12. BMO Capital Markets raised their price objective on shares of Wells Fargo & from $49.00 to $50.00 and gave the company a "market perform" rating in a research note on Monday, October 16th. Therefore 41% are positive. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. analysts forecast that Wells Fargo & Company will post 3.97 EPS for the current fiscal year. The stock of Wells Fargo & Co (NYSE:WFC) earned "Sell" rating by BMO Capital Markets on Friday, July 14. Robert W. Baird reaffirmed a "buy" rating and issued a $58.00 price target on shares of Wells Fargo & in a research note on Friday, October 6th. The stock has "Hold" rating by Jefferies on Friday, July 7. RBC Capital Markets maintained the shares of WFC in report on Friday, October 16 with "Outperform" rating. Guggenheim upgraded the stock to "Buy" rating in Wednesday, July 29 report. The stock has "Neutral" rating by UBS on Monday, October 10. As per Saturday, August 29, the company rating was downgraded by Vetr. Its down 6.71% from 5.17M shares previously. Icon Advisers Inc stated it has 18,700 shares or 0.05% of all its holdings. Investors of record on Friday, November 3rd will be given a dividend of $0.39 per share. Its up 0.12, from 0.76 in 2017Q1.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business.

Other hedge funds also recently made changes to their positions in the company. Wells Fargo & had a return on equity of 12.59% and a net margin of 22.00%. 6,150 are held by Clarkston Prtnrs. 14,457 are held by Premier Asset Ltd. Pinnacle Inc holds 1.18% of its portfolio in Wells Fargo & Co (NYSE:WFC) for 150,389 shares. Ramsay Stattman Vela & Price reported 2.53% stake. Finally, Stelac Advisory Services LLC acquired a new stake in Wells Fargo & in the 2nd quarter valued at approximately $104,000. Thompson Siegel And Walmsley Ltd Co holds 7,067 shares or 0% of its portfolio. Spears Abacus Advsr Limited Liability Corporation has invested 0.22% in Wells Fargo & Co (NYSE:WFC).

The counter witnessed a trading volume of 0.37 million shares versus an average volume of 1.12 million shares during last trading session. Gfs Limited Co has 0.32% invested in Wells Fargo & Co (NYSE:WFC). Cadence Cap has 268,041 shares. Jpmorgan Chase reported 70.15M shares stake. Quantitative Mngmt Limited Liability Corp holds 0.23% or 396,600 shares in its portfolio. Boston Partners grew its stake in shares of Wells Fargo & by 140.1% in the second quarter. Wells Fargo & Company now has $264.18B valuation.

More notable recent Wells Fargo & Co (NYSE:WFC) news were published by: Bloomberg.com which released: "Wells Fargo Adds $1 Billion to Possible Legal Cost" on November 03, 2017, also Bloomberg.com with their article: "California Extends Ban Against Wells Fargo Due to Scandals" published on October 16, 2017, Reuters.com published: "MOVES-Wells Fargo Securities names new investment banking co-heads" on November 13, 2017.

Investors sentiment decreased to 1.37 in 2017 Q2. Its up 0.12, from 0.76 in 2017Q1. 55 funds opened positions while 169 raised stakes. Prudential Fincl reported 378,737 shares. Commercial Bank Of America Corp De, a North Carolina-based fund reported 2.44M shares. Cls Invests Ltd Liability Co holds 0.01% or 2,594 shares in its portfolio. Bridges Inv Mngmt has 156,491 shares for 1.16% of their portfolio. 4,429 are owned by Northwestern Mutual Wealth Mgmt. Finally, Longview Partners Guernsey LTD boosted its stake in shares of Wells Fargo & by 5.3% in the second quarter. Tudor Et Al stated it has 96,725 shares or 0.16% of all its holdings. Mendon Capital Advsr Corporation reported 200,000 shares. Segall Bryant & Hamill Ltd Liability Co holds 2,131 shares. Six analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Sempra Energy had 16 analyst reports since September 15, 2015 according to SRatingsIntel. The firm has "Buy" rating by Citigroup given on Wednesday, August 17. Smith Graham & Co Investment Advisors Lp bought 26,160 shares as the company's stock declined 18.55% while stock markets rallied. The company was downgraded on Wednesday, January 18 by Argus Research. Wells Fargo & has an average rating of "Hold" and a consensus price target of $57.20.

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