Wells Fargo Co New (WFC) Market Valuation Rose While Invesco LTD Has Lifted Stake

October 2, 2018 - By Nellie Frank

Wells Fargo & Company (NYSE:WFC) LogoInvestors sentiment increased to 0.72 in 2018 Q2. 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. Sva Plumb Wealth Mngmt Lc has 6,355 shares. Focused Wealth invested 0.01% of its portfolio in Wells Fargo & Company (NYSE:WFC). Graham Mngmt LP invested 0.04% in Wells Fargo & Company (NYSE:WFC). Mirae Asset Global invested in 0.18% or 236,046 shares. Cohen Lawrence B accumulated 0.96% or 24,173 shares. Homrich & Berg holds 0.16% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 38,712 shares. Aqr Capital Limited Liability Com reported 3.47 million shares or 0.19% of all its holdings. 1832 Asset Mngmt Ltd Partnership has 0.17% invested in Wells Fargo & Company (NYSE:WFC). Public Employees Retirement Association Of Colorado invested in 824,086 shares or 0.3% of the stock. Old Natl State Bank In holds 0.18% or 63,302 shares. Robeco Institutional Asset Mngmt Bv accumulated 466,900 shares. Campbell Newman Asset Mgmt holds 26,942 shares or 0.23% of its portfolio. Daiwa Incorporated invested in 254,300 shares or 0.11% of the stock. Commerzbank Aktiengesellschaft Fi holds 0.1% or 169,082 shares. Aldebaran Fincl stated it has 0.16% of its portfolio in Wells Fargo & Company (NYSE:WFC).

Since May 24, 2018, it had 0 insider purchases, and 2 selling transactions for $7.27 million activity. Another trade for 100,000 shares valued at $5.87M was made by Modjtabai Avid on Tuesday, August 7.

Invesco Ltd increased its stake in Wells Fargo Co New (WFC) by 14.5% based on its latest 2018Q2 regulatory filing with the SEC. Invesco Ltd bought 3.49M shares as the company’s stock rose 1.41% with the market. The institutional investor held 27.54M shares of the major banks company at the end of 2018Q2, valued at $1.53 billion, up from 24.05M at the end of the previous reported quarter. Invesco Ltd who had been investing in Wells Fargo Co New for a number of months, seems to be bullish on the $251.08 billion market cap company. The stock decreased 0.23% or $0.12 during the last trading session, reaching $52.13. About 6.08M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 8.47% since October 2, 2017 and is uptrending. It has underperformed by 7.15% the S&P500.

Invesco Ltd, which manages about $302.15 billion US Long portfolio, decreased its stake in Hudson Pac Pptys Inc (NYSE:HPP) by 1.81M shares to 8.17 million shares, valued at $289.41M in 2018Q2, according to the filing. It also reduced its holding in Chevron Corp New (Call) (NYSE:CVX) by 9.83M shares in the quarter, leaving it with 4,200 shares, and cut its stake in Pembina Pipeline Corp (NYSE:PBA).

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Seekingalpha.com which released: “Buy Wells Fargo On The Cheap” on September 24, 2018, also Seekingalpha.com with their article: “Wells Fargo: Buy Or Sell?” published on September 30, 2018, Benzinga.com published: “Macquarie Downgrades Wells Fargo, Comerica, Sees Peak Bank Margins Ahead” on September 07, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Investorplace.com and their article: “3 Stock Charts for Tuesday: Twitter, Wells Fargo and Marathon Oil” published on October 02, 2018 as well as Streetinsider.com‘s news article titled: “US stocks flat as Italy worries weigh” with publication date: October 02, 2018.

Wells Fargo & Company (NYSE:WFC) Ratings Coverage

Among 13 analysts covering Wells Fargo (NYSE:WFC), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Wells Fargo had 22 analyst reports since April 5, 2018 according to SRatingsIntel. The stock has “Overweight” rating by Barclays Capital on Monday, April 16. As per Sunday, April 15, the company rating was maintained by Piper Jaffray. The stock has “Outperform” rating by Macquarie Research on Monday, April 30. The company was maintained on Monday, April 23 by Susquehanna. On Sunday, April 15 the stock rating was maintained by Jefferies with “Hold”. Morgan Stanley maintained Wells Fargo & Company (NYSE:WFC) on Monday, April 16 with “Underweight” rating. Susquehanna maintained the shares of WFC in report on Friday, April 13 with “Hold” rating. Macquarie Research downgraded the stock to “Neutral” rating in Friday, September 7 report. The rating was upgraded by Vining Sparks to “Buy” on Friday, April 6. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by UBS on Thursday, April 5.

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

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