First Long Island Investors LLC Lowered Its Holding in Wells Fargo & Co New (WFC) by $3.36 Million as Valuation Rose

Wells Fargo & Company (NYSE:WFC) LogoInvestors sentiment increased to 0.72 in Q2 2018. Its up 0.13, from 0.59 in 2018Q1. It is positive, 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. Mcdonald Cap Invsts Ca has invested 8.64% of its portfolio in Wells Fargo & Company (NYSE:WFC). Ancora Advsr Ltd Liability reported 73,754 shares. Adirondack Tru accumulated 0.15% or 3,955 shares. Connors Investor Svcs accumulated 2.09% or 268,431 shares. Lincluden Limited invested 0.81% of its portfolio in Wells Fargo & Company (NYSE:WFC). 663,949 are held by Metropolitan Life Insur Com Ny. Baker Avenue Asset Mgmt Limited Partnership reported 9,450 shares. Patten Grp holds 0.02% or 1,100 shares in its portfolio. Bsw Wealth has invested 0.12% of its portfolio in Wells Fargo & Company (NYSE:WFC). Focused Wealth Management holds 622 shares. Boston Private Wealth Ltd Liability holds 0.99% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 465,810 shares. Blb&B Advisors Llc, a Pennsylvania-based fund reported 46,417 shares. Buckhead Capital Mgmt Limited Liability Com reported 65,866 shares. Ftb has invested 0.19% of its portfolio in Wells Fargo & Company (NYSE:WFC). Girard Ltd stated it has 0.54% of its portfolio in Wells Fargo & Company (NYSE:WFC).

Since August 7, 2018, it had 0 insider purchases, and 1 insider sale for $5.87 million activity.

First Long Island Investors Llc decreased its stake in Wells Fargo & Co New (WFC) by 24.18% based on its latest 2018Q2 regulatory filing with the SEC. First Long Island Investors Llc sold 61,070 shares as the company’s stock rose 1.41% with the market. The hedge fund held 191,488 shares of the major banks company at the end of 2018Q2, valued at $10.62 million, down from 252,558 at the end of the previous reported quarter. First Long Island Investors Llc who had been investing in Wells Fargo & Co New for a number of months, seems to be less bullish one the $240.49B market cap company. The stock decreased 1.33% or $0.69 during the last trading session, reaching $51.09. About 40.31 million shares traded or 83.74% up from the average. Wells Fargo & Company (NYSE:WFC) has risen 8.47% since December 7, 2017 and is uptrending. It has underperformed by 7.15% the S&P500.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on January, 11. They expect $1.19 earnings per share, up 22.68 % or $0.22 from last year’s $0.97 per share. WFC’s profit will be $5.60B for 10.73 P/E if the $1.19 EPS becomes a reality. After $1.13 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 5.31 % EPS growth.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Investorplace.com which released: “Despite Bad News, Bank of America Stock Still Is a Buy – Investorplace.com” on December 06, 2018, also Seekingalpha.com with their article: “Wells Fargo, BlackRock plaintiffs settle RMBS litigation – Seeking Alpha” published on November 12, 2018, Seekingalpha.com published: “Wells Fargo Preferred Stock Went On Sale – Seeking Alpha” on November 09, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Streetinsider.com and their article: “Wells Fargo (WFC) call put ratio 1 call to 2.7 puts with focus on at the money November 52.50 puts into expiration – StreetInsider.com” published on November 16, 2018 as well as Bizjournals.com‘s news article titled: “Banking Roundup: Big banks sued over currency market rigging… DMV to aid banks in ID verification – New York Business Journal” with publication date: November 14, 2018.

Wells Fargo & Company (NYSE:WFC) Ratings Coverage

Among 5 analysts covering Wells Fargo (NYSE:WFC), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Wells Fargo has $63 highest and $61 lowest target. $61.75’s average target is 20.87% above currents $51.09 stock price. Wells Fargo had 8 analyst reports since July 2, 2018 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, July 2. The company was maintained on Monday, July 16 by BMO Capital Markets. The stock of Wells Fargo & Company (NYSE:WFC) has “Outperform” rating given on Monday, July 16 by Wood. Nomura maintained the stock with “Buy” rating in Monday, October 15 report. The company was downgraded on Friday, September 7 by Macquarie Research. The company was upgraded on Monday, October 15 by Macquarie Research. The rating was maintained by Morgan Stanley on Monday, July 16 with “Equal-Weight”. The firm has “Neutral” rating given on Monday, September 17 by Macquarie Research.

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

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