First Western Capital Management Co Lowers Stake in Wells Fargo & Company

Saturday, 15 Jul, 2017

The stock of Wells Fargo & Co (NYSE:WFC) is a huge mover today! The financial services provider reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.03. About 471,578 shares traded. "Second quarter 2017 also included discrete tax benefits totaling $186 million, or approximately $0.04 per share, primarily as a result of our agreement to sell Wells Fargo Insurance Services". It has underperformed by 7.03% the S&P500.The move comes after 6 months negative chart setup for the $274.63B company. FINL's SI was 9.19M shares in July as released by FINRA. Nordea Investment Management has 5.42M shares. It is down 0.00% since July 14, 2016 and is.

Investors sentiment decreased to 0.67 in 2016 Q4. Its down 0.06, from 1.08 in 2016Q3. It dropped, as 112 investors sold WFC shares while 836 reduced holdings. 149 funds opened positions while 487 raised stakes. Gemmer Asset Limited Co reported 3,499 shares.

TRADEMARK VIOLATION NOTICE: "Enterprise Financial Services Corp Reduces Position in Wells Fargo & Co (WFC)" was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. Ironbridge Cap Mngmt LP has 759,555 shares. The Ruane Cunniff & Goldfarb Inc holds 5.21M shares with $287.29 million value, down from 5.46M last quarter.

In other news, insider Avid Modjtabai sold 100,000 shares of the business's stock in a transaction on Friday, April 28th. Agran Libbie holds 1.02% or 76,781 shares. 198,767 were accumulated by Asset One. Pinnacle Wealth Management Advisory Group Limited Liability Corporation holds 30,474 shares or 1.21% of its portfolio. Bb&T Secs Ltd Liability has invested 0.01% in Aqua America Inc (NYSE:WTR). The total at Wells Fargo Advisors includes holdings and deposits in Wells' proprietary mutual funds. Delta Asset Llc Tn holds 0.04% or 7,400 shares. It also reduced Danone (DANOY) stake by 153,548 shares and now owns 4.02 million shares.

Since January 1, 0001, it had 0 insider buys, and 9 selling transactions for $9.31 million activity. On Monday, April 10 the insider BERKSHIRE HATHAWAY INC sold $383.92M. 20,000 shares were sold by Hardison Hope A., worth $1.04 million. SARGENT RONALD bought 9,050 shares worth $499,108. 38,988 shares valued at $2.05M were sold by Mack Mary T on Thursday, June 8. Zacks Investment Research upgraded shares of Wells Fargo & Company from a "sell" rating to a "hold" rating in a report on Monday. Therefore 43% are positive.

Many Wall Street analysts expect S&P 500 earnings per share growth for Q2 to be in the neighborhood of 6%. Greenwood Cap Ltd Liability Co stated it has 0.78% of its portfolio in Wells Fargo & Co (NYSE:WFC). Abrams Capital Management L.P. now owns 3,342,343 shares of the financial services provider's stock worth $184,197,000 after buying an additional 572,343 shares in the last quarter.

In other Wells Fargo & Company news, CEO Timothy J. Sloan acquired 39,000 shares of the company's stock in a transaction on Monday, April 17th. The firm earned "Buy" rating on Tuesday, May 3 by Nomura.

On November 28 the company was set at "Hold" in a report from Jefferies a cut from the previous "Buy" rating. The firm earned "Buy" rating on Tuesday, January 19 by Argus Research.

New Jersey Better Educational Savings Trust lowered its position in Wells Fargo & Company (NYSE:WFC) by 31.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). In the same period a year ago, it reported EPS of $1.55 on revenue of $24.38 billion.

Wells Fargo & Company has a consensus hold rating from 30 Wall Street analysts, and the number of shares now sold short amount to at least 0.57% of shares outstanding. Sector Gamma As owns 952,833 shares or 7.95% of their United States portfolio. Intrust Retail Bank Na owns 12,215 shares for 0.07% of their portfolio. Bryn Mawr Tru owns 45,227 shares for 0.09% of their portfolio. Birinyi Associates invested in 0.49% or 15,750 shares. Great West Life Assurance Company Can invested 0% of its portfolio in Finish Line Inc (NASDAQ:FINL). It has a 22.39 P/E ratio.