As Wells Fargo Co New (WFC) Market Value Declined, Birch Hill Investment Advisors Has Trimmed Stake by $9.57 Million; Moody National Bank Trust Division Decreased Its Holding in Visa (V) by $1.26 Million

June 23, 2018 - By Hazel Jackson

Visa Inc. (NYSE:V) Logo

Birch Hill Investment Advisors Llc decreased its stake in Wells Fargo Co New (WFC) by 63.95% based on its latest 2018Q1 regulatory filing with the SEC. Birch Hill Investment Advisors Llc sold 184,129 shares as the company’s stock declined 8.45% with the market. The institutional investor held 103,788 shares of the major banks company at the end of 2018Q1, valued at $5.44M, down from 287,917 at the end of the previous reported quarter. Birch Hill Investment Advisors Llc who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $262.84B market cap company. The stock decreased 0.79% or $0.43 during the last trading session, reaching $53.94. About 24.54M shares traded or 27.34% up from the average. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since June 23, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: 15/04/2018 – WELLS FARGO 24 HOUR DEADLINE ALERT: Approximately 24 Hours Remain; ClaimsFiler Reminds Investors of Deadline in Class Action Lawsuit Against Wells Fargo & Company – WFC; 17/05/2018 – WELLS FARGO’S ED BLAKEY TO RETIRE AFTER 34 YEARS WITH CO; 07/05/2018 – Ryder Presenting at Wells Fargo Industrials Conference Tomorrow; 20/04/2018 – The Associated Press: BREAKING: Wells Fargo hit with $1 billion fine for auto loan and mortgage abuses; 02/05/2018 – Wells Fargo Advisors LLC Exits Position in Sysco; 19/04/2018 – New York State Common Retirement Fund Will Vote Against 6 of Wells Fargo’s 12 Directors, Including CEO Timothy Sloan; 22/05/2018 – Banc of California at Wells Fargo Conference Tomorrow; 26/04/2018 – Autoliv Presenting at Wells Fargo Industrials Conference May 9; 02/04/2018 – ASURE BUYS EVOLUTION HCM CUSTOMER PORTFOLIO FROM WELLS FARGO; 05/05/2018 – BUFFETT SAYS IT CAN BE DIFFICULT TO EXPLAIN THE BENEFITS OF TRADE, MANY WHICH ARE INVISIBLE

Moody National Bank Trust Division decreased its stake in Visa Inc (V) by 52.84% based on its latest 2018Q1 regulatory filing with the SEC. Moody National Bank Trust Division sold 5,065 shares as the company’s stock rose 5.37% while stock markets declined. The institutional investor held 4,520 shares of the business services company at the end of 2018Q1, valued at $1.12 million, down from 9,585 at the end of the previous reported quarter. Moody National Bank Trust Division who had been investing in Visa Inc for a number of months, seems to be less bullish one the $303.11 billion market cap company. The stock increased 0.59% or $0.8 during the last trading session, reaching $135.33. About 6.17 million shares traded. Visa Inc. (NYSE:V) has risen 38.13% since June 23, 2017 and is uptrending. It has outperformed by 25.56% the S&P500.

Birch Hill Investment Advisors Llc, which manages about $1.24B and $1.21 billion US Long portfolio, upped its stake in Johnson & Johnson (NYSE:JNJ) by 7,527 shares to 219,732 shares, valued at $28.16 million in 2018Q1, according to the filing. It also increased its holding in Intel Corp (NASDAQ:INTC) by 325,788 shares in the quarter, for a total of 360,907 shares, and has risen its stake in Ishares Tr (ACWX).

Since May 24, 2018, it had 0 buys, and 1 sale for $1.40 million activity.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold. Therefore 44% are positive. Wells Fargo & Company had 149 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, October 6 by Robert W. Baird. The stock has “Hold” rating by BMO Capital Markets on Friday, April 13. Credit Suisse downgraded Wells Fargo & Company (NYSE:WFC) on Thursday, February 16 to “Neutral” rating. The firm has “Hold” rating by BMO Capital Markets given on Friday, October 6. The company was upgraded on Monday, April 30 by Macquarie Research. As per Tuesday, December 12, the company rating was maintained by Keefe Bruyette & Woods. The stock has “Sell” rating by Raymond James on Tuesday, August 8. On Monday, November 13 the stock rating was maintained by RBC Capital Markets with “Buy”. Jefferies maintained it with “Hold” rating and $6200 target in Friday, July 7 report. The rating was upgraded by Vetr to “Strong-Buy” on Wednesday, September 2.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 earnings per share, up 4.67% or $0.05 from last year’s $1.07 per share. WFC’s profit will be $5.46 billion for 12.04 P/E if the $1.12 EPS becomes a reality. After $1.12 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 0.59 in Q1 2018. Its down 0.16, from 0.75 in 2017Q4. It fall, as 108 investors sold WFC shares while 790 reduced holdings. 122 funds opened positions while 412 raised stakes. 3.62 billion shares or 0.62% less from 3.64 billion shares in 2017Q4 were reported. Perkins Coie Communications holds 1.02% or 39,033 shares. Whittier Tru Of Nevada invested in 1.32% or 308,454 shares. Moody Commercial Bank Tru Division owns 31,178 shares or 0.08% of their US portfolio. Meristem Ltd Liability Partnership reported 51,293 shares. Denali Advisors invested in 3.01% or 358,200 shares. Moreover, St Johns Inv Co Ltd Liability Corporation has 0% invested in Wells Fargo & Company (NYSE:WFC) for 29 shares. Massachusetts-based Geode Ltd Llc has invested 0.82% in Wells Fargo & Company (NYSE:WFC). Mason Street Advisors Limited Liability holds 611,513 shares. Lourd Cap Ltd Liability Corp invested in 11.6% or 1.65M shares. Burke And Herbert Bank & Trust And Company, a Virginia-based fund reported 22,279 shares. Newman Dignan Sheerar holds 0.48% or 18,529 shares. Koch Inc invested in 4,881 shares. Dupont Cap Mgmt Corporation holds 0.04% or 30,092 shares in its portfolio. Markston Int Llc holds 1.13% in Wells Fargo & Company (NYSE:WFC) or 200,490 shares. Gm Advisory Gru has 5,439 shares for 0.09% of their portfolio.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Bizjournals.com which released: “How Bank of America and Wells Fargo fared in latest round of stress testing” on June 22, 2018, also Investorplace.com with their article: “3 Key Bank Stocks Ahead of the Stress Tests” published on June 20, 2018, Fool.com published: “How Wells Fargo Is Following in Bank of America’s Footsteps” on June 11, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Seekingalpha.com and their article: “WSJ: Wells Fargo planning to restructure wealth management business” published on June 18, 2018 as well as Seekingalpha.com‘s news article titled: “Wells Fargo: Only Buy On Weakness” with publication date: May 26, 2018.

Analysts await Visa Inc. (NYSE:V) to report earnings on July, 19. They expect $1.09 EPS, up 26.74% or $0.23 from last year’s $0.86 per share. V’s profit will be $2.44 billion for 31.04 P/E if the $1.09 EPS becomes a reality. After $1.11 actual EPS reported by Visa Inc. for the previous quarter, Wall Street now forecasts -1.80% negative EPS growth.

Since February 14, 2018, it had 0 buys, and 3 selling transactions for $6.34 million activity. $205,440 worth of Visa Inc. (NYSE:V) was sold by Biggar Lynne. MCINERNEY RYAN sold $5.06 million worth of stock.

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.17, from 1.05 in 2017Q4. It dived, as 41 investors sold V shares while 684 reduced holdings. 127 funds opened positions while 513 raised stakes. 1.57 billion shares or 2.35% less from 1.61 billion shares in 2017Q4 were reported. 648,765 were reported by Barrett Asset Management Lc. Ent Fin Service Corp, a Missouri-based fund reported 2,447 shares. Argent holds 1.46% of its portfolio in Visa Inc. (NYSE:V) for 42,498 shares. Robecosam Ag accumulated 0.06% or 10,362 shares. Moreover, Leavell Inv Management has 0.98% invested in Visa Inc. (NYSE:V) for 70,259 shares. Livforsakringsbolaget Skandia Omsesidigt stated it has 52,592 shares. Macguire Cheswick & Tuttle Invest Counsel Ltd Liability Com holds 0.42% or 18,705 shares in its portfolio. Honeywell Intll invested in 279,300 shares. Washington Savings Bank owns 7,971 shares for 0.14% of their portfolio. Hartford Inv Mngmt Com holds 358,992 shares or 0.85% of its portfolio. The Oregon-based Pioneer Trust Bancorp N A Or has invested 1.68% in Visa Inc. (NYSE:V). Guyasuta Investment Advisors Incorporated holds 0.06% or 4,190 shares in its portfolio. Moreover, Advisory Services Network Ltd Co has 0.4% invested in Visa Inc. (NYSE:V). Fiera Capital Corporation holds 322,324 shares. Strategic Wealth Advsrs Group Inc Ltd holds 82,139 shares or 0.6% of its portfolio.

More notable recent Visa Inc. (NYSE:V) news were published by: Seekingalpha.com which released: “Visa – A $140 Discount Cash Flow Valuation” on June 01, 2018, also Fool.com with their article: “Is Visa Inc. a Buy?” published on June 07, 2018, Nasdaq.com published: “With GE Gone, It’s Time to Stop Covering the Dow Jones Index” on June 20, 2018. More interesting news about Visa Inc. (NYSE:V) were released by: Fool.com and their article: “3 Growth Stocks to Buy and Hold for 25 Years” published on June 23, 2018 as well as 247Wallst.com‘s news article titled: “Visa Takes Over as Dow’s Top-Performing Stock” with publication date: June 23, 2018.

Among 43 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 9 Hold. Therefore 79% are positive. Visa Inc. had 132 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, December 17 by Sterne Agee CRT. RBC Capital Markets maintained it with “Outperform” rating and $82 target in Friday, July 24 report. RBC Capital Markets maintained Visa Inc. (NYSE:V) rating on Thursday, July 20. RBC Capital Markets has “Buy” rating and $11100 target. As per Friday, September 22, the company rating was maintained by RBC Capital Markets. On Wednesday, December 16 the stock rating was initiated by UBS with “Buy”. On Tuesday, October 25 the stock rating was downgraded by Guggenheim to “Neutral”. Mizuho maintained Visa Inc. (NYSE:V) rating on Thursday, January 4. Mizuho has “Buy” rating and $135.0 target. On Monday, April 9 the stock rating was maintained by Guggenheim with “Buy”. The stock of Visa Inc. (NYSE:V) earned “Overweight” rating by Morgan Stanley on Thursday, October 26. The company was maintained on Friday, July 21 by Bank of America.

Moody National Bank Trust Division, which manages about $1.98 billion US Long portfolio, upped its stake in Amazon.Com Inc (NASDAQ:AMZN) by 1,160 shares to 3,169 shares, valued at $4.59 million in 2018Q1, according to the filing.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts

>