June 24, 2018

Wells Fargo & Co (NYSE:WFC) Position Boosted by K2 Principal Fund LP

15 February 2018, 06:41 | Hattie Nash

The institutional investor held 1.27 million shares of the prepackaged software company at the end of 2017Q3, valued at $149.50M, down from 1.33M at the end of the previous reported quarter. Baxter Bros Inc who had been investing in Wells Fargo & Co. for a number of months, seems to be less bullish one the $280.49 billion market cap company. Oakworth Capital Inc. now owns 21,388 shares of the financial services provider's stock worth $1,185,000 after acquiring an additional 1,059 shares during the period.

Wells Fargo & Co (NYSE:WFC) last issued its earnings results on Friday, January 12th. It has underperformed by 7.03% the S&P500. National Planning Corp acquired 8,445 shares as Micron Technology Inc (MU)'s stock rose 19.14%. The Edgestream Partners Lp holds 52,972 shares with $9.05 million value, up from 35,867 last quarter. Micron Technology Inc now has $48.79B valuation.

Alphabet Inc. (NASDAQ:GOOGL), stock is trading $1198.00 above the 52-week high and has displayed a high EPS growth of -0.60% in last 5 years. Morgan Stanley reaffirmed an "average" rating and set a $400.00 target price (up previously from $1.95) on shares of Wells Fargo & Co in a research note on Tuesday, February 6th. NextEra Energy, Inc. (NYSE:NEE) has risen 15.94% since February 12, 2017 and is uptrending. It has outperformed by 17.82% the S&P500.

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Chicago Equity Partners Llc, which manages about $10.49B and $3.16B US Long portfolio, decreased its stake in Bio Rad Labs Inc (NYSE:BIO) by 2,845 shares to 1,855 shares, valued at $412,000 in 2017Q3, according to the filing. It also increased its holding in Korea Electric Power Corporation Adr Spon Each Rep 0.5 Com (KEF) by 60,019 shares in the quarter, for a total of 616,846 shares, and has risen its stake in Becton Dickinson Com Us$1 (NYSE:BDX). The Washington-based Tradewinds Limited Company has invested 0.01% in Becton, Dickinson and Company (NYSE:BDX). Investors of record on Friday, February 2nd will be given a $0.39 dividend. Its down 0.15, from 0.88 in 2017Q2. It worsened, as 92 investors sold WFC shares while 725 reduced holdings. YHB Investment Advisors Inc. raised its position in Wells Fargo & Co by 158.3% in the second quarter. Oakbrook Limited Com reported 214,778 shares. Dnb Asset Mngmt As reported 0.36% of its portfolio in Wells Fargo & Company (NYSE:WFC). The financial services provider reported $0.97 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.04 by ($0.07). Moreover, Amp Cap Invsts Ltd has 0.9% invested in Wells Fargo & Company (NYSE:WFC) for 2.89M shares. Finally, Vining Sparks restated a "buy" rating and set a $68.50 target price on shares of Wells Fargo & Co in a report on Monday, February 5th. Beaconlight Cap has 111,850 shares. Leisure Cap Mgmt stated it has 14,801 shares. In the last ninety days, insiders have sold 184,482 shares of company stock worth $10,471,050. (NASDAQ:FB). Utd Amer (D B A Uas Asset Management) holds 6.25% or 75,260 shares. James Inc invested in 0.24% or 153,597 shares.

Ledyard National Bank decreased Flexshares Stoxx Global Broad Infra Etf (NFRA) stake by 15,294 shares to 37,506 valued at $1.80 million in 2017Q3. Moreover, Gateway Advisers Lc has 1.23% invested in Wells Fargo & Company (NYSE:WFC) for 2.58 million shares. Calamos Wealth Mgmt Ltd Liability Company has invested 0.48% of its portfolio in Wells Fargo & Company (NYSE:WFC). IPG Investment Advisors LLC now owns 7,850 shares of the financial services provider's stock valued at $435,000 after buying an additional 73 shares in the last quarter. Therefore 89% are positive. Wells Fargo & Co has a 12-month low of $49.27 and a 12-month high of $66.31. The stock was sold at an average price of $56.47, for a total transaction of $5,477,590.00. The stock has "Hold" rating by Argus Research on Wednesday, January 18.

Wells Fargo & Co declared that its Board of Directors has approved a share buyback program on Tuesday, January 23rd that authorizes the company to repurchase 350,000,000 outstanding shares. The stock has "Buy" rating by Jefferies on Thursday, March 30. The rating was maintained by Roth Capital with "Buy" on Tuesday, August 8. The firm has "Buy" rating given on Thursday, September 22 by Deutsche Bank.

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Investors sentiment increased to 1.39 in Q3 2017. Its down 1.09, from 2.22 in 2017Q2. Oberweis Asset Management Inc invested in 0.52% or 45,300 shares. 114 funds opened positions while 237 raised stakes.

A number of analysts have recently issued reports on WFC shares. The New Hampshire-based Pax World Management Llc has invested 0.43% in the stock. Weitz Inv Mngmt Inc invested in 814,184 shares or 0.66% of the stock. (NASDAQ:FB) for 2,091 shares. Vantage Inv Prtnrs Limited Liability Company invested in 27.06% or 6.30 million shares. Fuller Thaler Asset Mngmt reported 0.08% of its portfolio in Facebook, Inc. Bessemer Gp holds 0% or 25,200 shares in its portfolio. The first sale was made at $56.36 but later the stock became weaker, and closed with a gain of 0.66%. Cubist Systematic Strategies Limited Liability Corp accumulated 0.02% or 7,042 shares. E&G Advsrs Lp stated it has 5,583 shares or 0.14% of all its holdings. Moreover, Lenox Wealth Advisors has 0% invested in AbbVie Inc. (NASDAQ:FB) earned "Outperform" rating by Credit Suisse on Thursday, November 5. Btc Management has 79,450 shares for 0.78% of their portfolio. Chapter Iv Lc, North Carolina-based fund reported 1.73 million shares. Tnb, Georgia-based fund reported 3,129 shares. Flexshares Iboxx 3 Yr Tgt Tips Etf (TDTT) was reduced too.

Among 42 analysts covering Range Resources Corp.

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Among 5 analysts covering Innerworkings (NASDAQ:INWK), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 93% are positive. Range Resources Corp. had 139 analyst reports since July 21, 2015 according to SRatingsIntel. Roth Capital has "Buy" rating and $47.0 target. The stock of Facebook, Inc. (NASDAQ:CUTR) rating on Tuesday, September 12. JP Morgan upgraded the stock to "Overweight" rating in Friday, October 9 report. The company was initiated on Wednesday, January 11 by Wells Fargo. Wells Fargo maintained the stock with "Buy" rating in Wednesday, October 11 report. The firm earned "Strong-Buy" rating on Friday, August 28 by Vetr. BMO Capital Markets maintained the stock with "Market Perform" rating in Monday, October 16 report. The firm has "Neutral" rating given on Thursday, December 1 by Susquehanna. The firm earned "Hold" rating on Wednesday, July 13 by Berenberg. Gabelli maintained Cutera, Inc.

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