Jabre Capital Partners Sa Lifted Holding in Wells Fargo Co New (WFC) by $825,000 as Share Value Declined; Palisade Asset Management Has Boosted Holding in Microsoft (MSFT) as Shares Rose

February 21, 2018 - By Peter Erickson

Philippe Jabre increased its stake in Wells Fargo Co New (WFC) by 6.52% based on its latest 2017Q3 regulatory filing with the SEC. Jabre Capital Partners Sa bought 15,000 shares as the company’s stock declined 8.66% while stock markets rallied. The hedge fund run by Philippe Jabre held 245,000 shares of the major banks company at the end of 2017Q3, valued at $13.51M, up from 230,000 at the end of the previous reported quarter. Jabre Capital Partners Sa who had been investing in Wells Fargo Co New for a number of months, seems to be bullish on the $293.94 billion market cap company. The stock increased 0.23% or $0.14 during the last trading session, reaching $60.09. About 13.50 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 21, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Palisade Asset Management Llc increased its stake in Microsoft Corp (MSFT) by 2.67% based on its latest 2017Q3 regulatory filing with the SEC. Palisade Asset Management Llc bought 6,353 shares as the company’s stock rose 4.75% with the market. The institutional investor held 244,122 shares of the prepackaged software company at the end of 2017Q3, valued at $18.19M, up from 237,769 at the end of the previous reported quarter. Palisade Asset Management Llc who had been investing in Microsoft Corp for a number of months, seems to be bullish on the $709.84B market cap company. The stock decreased 0.57% or $0.53 during the last trading session, reaching $92.19. About 19.65 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since February 21, 2017 and is uptrending. It has outperformed by 17.82% the S&P500.

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

Jabre Capital Partners Sa, which manages about $514.37 million US Long portfolio, decreased its stake in Coty Inc (NYSE:COTY) by 67,000 shares to 598,000 shares, valued at $9.89M in 2017Q3, according to the filing. It also reduced its holding in Newfield Expl Co (NYSE:NFX) by 475,000 shares in the quarter, leaving it with 125,000 shares, and cut its stake in Palo Alto Networks Inc (Prn).

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It turned negative, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Sprucegrove Inv Mgmt Ltd reported 610,660 shares stake. Alpha Cubed Ltd Llc accumulated 169,213 shares. Liberty Mngmt Incorporated has invested 0.46% in Wells Fargo & Company (NYSE:WFC). Main Street Rech Lc holds 5,318 shares or 0.05% of its portfolio. Vaughan Nelson Invest Limited Partnership holds 0.01% or 17,480 shares. Arlington Value Cap Lc stated it has 224,504 shares. Cornerstone Incorporated accumulated 3,835 shares. Qci Asset Management New York stated it has 261,669 shares. Acg Wealth accumulated 0.26% or 27,398 shares. Rowland And Invest Counsel Adv stated it has 0.12% in Wells Fargo & Company (NYSE:WFC). Andra Ap invested 0.22% in Wells Fargo & Company (NYSE:WFC). Integral Derivatives Ltd holds 22,308 shares or 0.02% of its portfolio. Vident Investment Advisory Ltd Liability Corporation reported 0.01% of its portfolio in Wells Fargo & Company (NYSE:WFC). Northside Mngmt Limited has 28,017 shares. Pinnacle Advisory Grp Inc holds 0.03% or 8,531 shares in its portfolio.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 8 Sell and 16 Hold. Therefore 38% are positive. Wells Fargo & Company had 131 analyst reports since July 29, 2015 according to SRatingsIntel. As per Wednesday, April 6, the company rating was downgraded by Guggenheim. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, December 12. Nomura maintained the stock with “Buy” rating in Monday, February 5 report. Keefe Bruyette & Woods upgraded the shares of WFC in report on Tuesday, January 12 to “Outperform” rating. The rating was maintained by Vining Sparks on Friday, April 28 with “Strong-Buy”. The company was maintained on Friday, September 25 by Macquarie Research. As per Friday, October 6, the company rating was maintained by UBS. Goldman Sachs upgraded the shares of WFC in report on Thursday, January 4 to “Buy” rating. As per Thursday, September 22, the company rating was maintained by Deutsche Bank. The stock of Wells Fargo & Company (NYSE:WFC) earned “Neutral” rating by Guggenheim on Wednesday, April 26.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 6 Hold. Therefore 78% are positive. Microsoft Corporation had 167 analyst reports since July 22, 2015 according to SRatingsIntel. On Friday, December 18 the stock rating was upgraded by Goldman Sachs to “Neutral”. Jefferies maintained Microsoft Corporation (NASDAQ:MSFT) on Thursday, October 26 with “Sell” rating. Bank of America maintained Microsoft Corporation (NASDAQ:MSFT) rating on Thursday, February 1. Bank of America has “Buy” rating and $106 target. The firm has “Overweight” rating given on Thursday, January 25 by Barclays Capital. On Friday, October 27 the stock rating was maintained by Piper Jaffray with “Buy”. Morgan Stanley maintained it with “Buy” rating and $8000 target in Monday, June 19 report. BMO Capital Markets maintained Microsoft Corporation (NASDAQ:MSFT) on Thursday, January 25 with “Buy” rating. The firm earned “Buy” rating on Thursday, February 1 by Bernstein. On Friday, August 7 the stock rating was maintained by Oppenheimer with “Buy”. The rating was maintained by Morgan Stanley on Friday, February 2 with “Overweight”.

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