As Wells Fargo Co New (WFC) Market Valuation Rose, Shareholder Uss Investment Management LTD Lowered by $22.77 Million Its Stake

September 16, 2018 - By Clifton Ray

Wells Fargo & Company (NYSE:WFC) LogoInvestors sentiment increased to 0.72 in Q2 2018. Its up 0.13, from 0.59 in 2018Q1. It increased, as 69 investors sold WFC shares while 705 reduced holdings. 113 funds opened positions while 443 raised stakes. 3.60 billion shares or 0.58% less from 3.62 billion shares in 2018Q1 were reported. 23,833 are owned by Btr Capital Mgmt. Alliancebernstein Lp invested in 0.84% or 21.82 million shares. Hanson Mcclain holds 0.06% in Wells Fargo & Company (NYSE:WFC) or 23,813 shares. Central Securities Corp has invested 2.33% in Wells Fargo & Company (NYSE:WFC). Quantum Mngmt reported 24,064 shares or 0.51% of all its holdings. 18,417 were reported by Graham Mngmt Ltd Partnership. Crawford Counsel has 218,570 shares for 0.39% of their portfolio. 54,825 are owned by Choate. Franklin has invested 1.7% of its portfolio in Wells Fargo & Company (NYSE:WFC). Csat Inv Advisory Limited Partnership reported 13 shares. Wealth Architects Ltd Limited Liability Company accumulated 9,785 shares or 0.18% of the stock. Fairfield Bush And Com reported 0.37% of its portfolio in Wells Fargo & Company (NYSE:WFC). Golub Gp Ltd Co has invested 0.15% in Wells Fargo & Company (NYSE:WFC). M&T Natl Bank reported 1.53M shares stake. Bloombergsen owns 8.26% invested in Wells Fargo & Company (NYSE:WFC) for 2.29 million shares.

Since May 24, 2018, it had 0 buys, and 2 selling transactions for $7.27 million activity. Pelos Petros G sold $1.40 million worth of stock.

Uss Investment Management Ltd decreased its stake in Wells Fargo Co New (WFC) by 7.65% based on its latest 2018Q2 regulatory filing with the SEC. Uss Investment Management Ltd sold 414,000 shares as the company’s stock rose 1.41% with the market. The institutional investor held 5.00 million shares of the major banks company at the end of 2018Q2, valued at $277.19M, down from 5.41M at the end of the previous reported quarter. Uss Investment Management Ltd who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $263.59 billion market cap company. The stock decreased 0.49% or $0.27 during the last trading session, reaching $54.73. About 21.00M shares traded or 11.15% up from the average. Wells Fargo & Company (NYSE:WFC) has risen 8.47% since September 16, 2017 and is uptrending. It has underperformed by 7.15% the S&P500.

Uss Investment Management Ltd, which manages about $9.16B US Long portfolio, upped its stake in Fidelity National Financial (NYSE:FNF) by 153,700 shares to 750,100 shares, valued at $28.22M in 2018Q2, according to the filing. It also increased its holding in Marsh & Mclennan Cos Inc (NYSE:MMC) by 349,100 shares in the quarter, for a total of 2.52M shares, and has risen its stake in Hormel Foods Corp (NYSE:HRL).

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on October, 12. They expect $1.17 earnings per share, up 12.50 % or $0.13 from last year’s $1.04 per share. WFC’s profit will be $5.63 billion for 11.69 P/E if the $1.17 EPS becomes a reality. After $1.08 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 8.33 % EPS growth.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Benzinga.com which released: “Macquarie Downgrades Wells Fargo, Comerica, Sees Peak Bank Margins Ahead” on September 07, 2018, also Bizjournals.com with their article: “Wells Fargo lays off 137 from Orlando mortgage operations” published on August 23, 2018, Bizjournals.com published: “Charlotte-area banks are closing early today as Hurricane Florence moves in” on September 14, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Livetradingnews.com and their article: “Wells Fargo & Company (NYSE:WFC) Wells Fargo can’t wake up from the nightmare” published on September 10, 2018 as well as Seekingalpha.com‘s news article titled: “Banks mostly tone down expectations for Q3, but Wells Fargo delivers some good news” with publication date: September 14, 2018.

Wells Fargo & Company (NYSE:WFC) Ratings Coverage

Among 14 analysts covering Wells Fargo (NYSE:WFC), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Wells Fargo had 23 analyst reports since March 26, 2018 according to SRatingsIntel. The stock of Wells Fargo & Company (NYSE:WFC) has “Hold” rating given on Friday, April 13 by Susquehanna. Sandler O’Neill maintained the stock with “Buy” rating in Thursday, March 29 report. On Monday, April 23 the stock rating was maintained by Susquehanna with “Hold”. The stock of Wells Fargo & Company (NYSE:WFC) has “Outperform” rating given on Monday, July 16 by Wood. The rating was maintained by Robert W. Baird with “Buy” on Monday, March 26. The stock of Wells Fargo & Company (NYSE:WFC) earned “Market Perform” rating by BMO Capital Markets on Monday, July 16. The stock of Wells Fargo & Company (NYSE:WFC) has “Equal-Weight” rating given on Monday, July 2 by Morgan Stanley. Buckingham Research maintained the shares of WFC in report on Monday, April 16 with “Buy” rating. Morgan Stanley maintained the stock with “Underweight” rating in Monday, April 16 report. On Monday, April 30 the stock rating was upgraded by Macquarie Research to “Outperform”.

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

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