Wells Fargo Co New (WFC) Holder Uss Investment Management LTD Trimmed Position

September 16, 2018 - By Alicia Butler

Wells Fargo & Company (NYSE:WFC) LogoInvestors sentiment increased to 0.72 in Q2 2018. Its up 0.13, from 0.59 in 2018Q1. It improved, 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. Choate Advsr accumulated 54,825 shares. Arbor Invest Advisors holds 0.45% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 20,432 shares. Capstone Investment Advsr Ltd invested in 0.02% or 18,417 shares. Hodges Capital Management reported 0.13% stake. Quantum Cap holds 0.51% or 24,064 shares in its portfolio. Leisure Management holds 0.63% or 13,261 shares. Cibc World Markets stated it has 1.28M shares or 0.61% of all its holdings. Beck Mack Oliver Lc has 0.1% invested in Wells Fargo & Company (NYSE:WFC) for 53,410 shares. Kwmg Llc holds 242 shares or 0% of its portfolio. Rocky Mountain Advisers Limited Liability holds 0.43% or 2,050 shares in its portfolio. Texas-based Cadence State Bank Na has invested 0.47% in Wells Fargo & Company (NYSE:WFC). Caisse De Depot Et Placement Du Quebec holds 1.97 million shares or 0.26% of its portfolio. Private Grp Inc invested in 0.53% or 193,119 shares. Avenir invested in 37,604 shares. Apriem Advsr holds 0.07% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 5,850 shares.

Since May 24, 2018, it had 0 buys, and 2 selling transactions for $7.27 million activity. $1.40 million worth of Wells Fargo & Company (NYSE:WFC) was sold by Pelos Petros G on Thursday, May 24.

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 5.00M shares of the major banks company at the end of 2018Q2, valued at $277.19 million, down from 5.41 million 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 21.00 million 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 $9.16 billion US Long portfolio, upped its stake in Xylem Inc (NYSE:XYL) by 795,628 shares to 2.62M shares, valued at $176.22M in 2018Q2, according to the filing. It also increased its holding in Us Bancorp Del (NYSE:USB) by 132,600 shares in the quarter, for a total of 558,900 shares, and has risen its stake in Raytheon Co (NYSE:RTN).

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: Livetradingnews.com which released: “Wells Fargo & Company (NYSE:WFC) Wells Fargo can’t wake up from the nightmare” on September 10, 2018, also Benzinga.com with their article: “Macquarie Downgrades Wells Fargo, Comerica, Sees Peak Bank Margins Ahead” published on September 07, 2018, Seekingalpha.com published: “Banks mostly tone down expectations for Q3, but Wells Fargo delivers some good news” on September 14, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Bizjournals.com and their article: “Charlotte-area banks are closing early today as Hurricane Florence moves in” published on September 14, 2018 as well as Bizjournals.com‘s news article titled: “Wells Fargo lays off 137 from Orlando mortgage operations” with publication date: August 23, 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. Sandler O’Neill maintained Wells Fargo & Company (NYSE:WFC) on Friday, April 13 with “Buy” rating. Keefe Bruyette & Woods maintained Wells Fargo & Company (NYSE:WFC) rating on Sunday, April 15. Keefe Bruyette & Woods has “Hold” rating and $5500 target. Sandler O’Neill maintained it with “Buy” rating and $6800 target in Thursday, March 29 report. BMO Capital Markets maintained the shares of WFC in report on Monday, July 16 with “Market Perform” rating. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Robert W. Baird on Monday, March 26. The stock has “Neutral” rating by Macquarie Research on Friday, September 7. Keefe Bruyette & Woods maintained Wells Fargo & Company (NYSE:WFC) on Wednesday, April 4 with “Hold” rating. The firm earned “Outperform” rating on Monday, April 30 by Macquarie Research. Morgan Stanley maintained Wells Fargo & Company (NYSE:WFC) rating on Monday, July 16. Morgan Stanley has “Equal-Weight” rating and $61 target. The firm has “Underweight” rating given on Monday, April 16 by Morgan Stanley.

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

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