As Wells Fargo Co New (WFC) Shares Declined, Shareholder State Of Wisconsin Investment Board Increased Its Stake by $9.90 Million

June 27, 2018 - By Heather Owens

Wells Fargo & Company (NYSE:WFC) Corporate LogoBig Money Sentiment decreased to 0.59 in Q1 2018. It has change of 0.16, from 2017Q4’s 0.75. The ratio is negative due to WFC positioning: 108 sold and 790 reduced. 122 funds took stakes and 412 increased stakes. Investors holded 3.64 billion in 2017Q4 but now own 3.62 billion shares or 0.62% less. Moreover, Evanson Asset Mngmt Ltd Limited Liability Company has 0.18% invested in Wells Fargo & Company (NYSE:WFC). Df Dent Comm Inc, Maryland-based fund reported 8,006 shs. Mondrian Invest Ltd has invested 1.87% in Wells Fargo & Company (NYSE:WFC). Fulton Financial Bank Na invested in 35,224 shs. Sva Plumb Wealth Management Ltd stated it has 88,684 shs or 0.6% of all its holdings. Timber Creek Cap Management Ltd holds 0.03% or 976 shs in its capital. Rfg Advisory Group Incorporated Ltd Llc has invested 0.14% in Wells Fargo & Company (NYSE:WFC). 31.02 million are held by Magellan Asset Mgmt Ltd. Interest Incorporated Ca owns 25,860 shs or 0.2% of their US capital. Salient Lta has invested 0.18% of its capital in Wells Fargo & Company (NYSE:WFC). Thompson Davis & Company Inc holds 0.03% in Wells Fargo & Company (NYSE:WFC) or 231 shs. Fukoku Mutual Life Ins reported 0.16% stake. 4,034 were reported by Jfs Wealth Advsrs Lc. Nomura Asset Mngmt accumulated 1.28 million shs. Cypress Cap Mngmt Lc holds 0.19% or 18,534 shs in its capital.

WFC had 1 sale and 0 insider purchases since May 24, 2018. This’s net activity of $1.40 million.

The stake In Wells Fargo Co New (WFC) was upped owned by State Of Wisconsin Investment Board. According to 2018Q1 Securities and Exchange form the decrease is 2.81%. By buying 190,395 shares State Of Wisconsin Investment Board made the stock sank with 8.45%. At the end of 2018Q1, the institutional investor held 6.96M shares of the major banks company, priced at $364.55M, up from 6.77 million at the end of the previous reported quarter. Wells Fargo Co New has $260.38B MC. WFC is hitting $53.4351 during the last trading session, after increased 0.01%.Currently Wells Fargo & Company is uptrending after 4.02% change in last June 27, 2017. WFC has 1.62 million shares volume. WFC underperformed by 8.55% the S&P500.

State Of Wisconsin Investment Board manages about $34.63B US Long portfolio. It reduced its stake in O Reilly Automotive Inc New (NASDAQ:ORLY) by 19,832 shares to 130,994 shares, valued at $32.41 million in 2018Q1, according to the filing. State Of Wisconsin Investment Board has cut its stake in Adobe Sys Inc (NASDAQ:ADBE) and also reduced its holding in Transcanada Corp (NYSE:TRP) by 156,848 shares in the quarter, for a total of 834,464 shares.

For more Wells Fargo & Company (NYSE:WFC) news posted briefly go to: Bizjournals.com, 247Wallst.com, Fool.com, Seekingalpha.com or Bizjournals.com. The titles are as follows: “Wells Fargo sheds almost 100 jobs in pricey San Francisco” posted on June 19, 2018, “Wells Fargo Settles More of Its Charges With the SEC” on June 26, 2018, “3 Dividends to Love From Companies You Hate” with a publish date: June 26, 2018, “WSJ: Wells Fargo planning to restructure wealth management business” and the last “How the revamped Wells Fargo, American Express rewards card stacks up against the competition” with publication date: June 26, 2018.

Wells Fargo & Company (NYSE:WFC) Ratings Coverage

In total 23 analysts cover Wells Fargo (NYSE:WFC). “Buy” rating has 12, “Sell” are 4, while 7 are “Hold”. 52% are bullish. With $76 highest and $5400 lowest target Wells Fargo has $62.87 average target or 17.66% above the current ($53.4351) price. 42 are the (NYSE:WFC)’s analyst reports since January 3, 2018 according to StockzIntelligence Inc. On Monday, April 16 the stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given by Buckingham Research. On Monday, February 5 the firm has “Sell” rating given by J.P. Morgan. On Monday, March 26 the firm has “Buy” rating by Robert W. Baird given. On Sunday, April 15 the company was maintained by Keefe Bruyette & Woods. On Thursday, January 4 the firm earned “Hold” rating by BMO Capital Markets. The stock rating was downgraded by Wood to “Market Perform” on Monday, February 5. On Thursday, April 5 UBS upgraded Wells Fargo & Company (NYSE:WFC) to “Buy” rating. On Friday, April 13 the stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given by Sandler O’Neill. In Monday, February 5 report Robert W. Baird maintained it with “Buy” rating and $62.0 target. On Friday, April 13 the company was maintained by BMO Capital Markets.

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

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