Theleme Partners Llp Has Boosted Wells Fargo & Co New (WFC) Holding by $18.41 Million

September 17, 2017 - By Adrian Mccoy

Investors sentiment decreased to 0.67 in 2016 Q4. Its down 0.30, from 0.97 in 2016Q3. It is negative, as 112 investors sold WFC shares while 836 reduced holdings. 149 funds opened positions while 487 raised stakes. 3.70 billion shares or 2.97% more from 3.60 billion shares in 2016Q3 were reported. Symphony Asset Mgmt Limited Liability, California-based fund reported 63,150 shares. New York-based Kings Point Capital Mngmt has invested 0.13% in Wells Fargo & Co (NYSE:WFC). Palestra Capital Mgmt Ltd holds 3.2% of its portfolio in Wells Fargo & Co (NYSE:WFC) for 1.03 million shares. Signature Fincl Management Incorporated invested in 0.92% or 44,571 shares. Pacwest Management has invested 1.45% in Wells Fargo & Co (NYSE:WFC). Banque Pictet And Cie Sa has 1.33% invested in Wells Fargo & Co (NYSE:WFC) for 939,150 shares. Profund Advisors Ltd Limited Liability Company has invested 0.72% of its portfolio in Wells Fargo & Co (NYSE:WFC). First Heartland Consultants holds 0.3% or 17,983 shares in its portfolio. Regents Of The University Of California accumulated 18,106 shares. Vontobel Asset Mgmt Inc reported 3.31% in Wells Fargo & Co (NYSE:WFC). Rockefeller Financial Ser reported 2.12M shares. State Farm Mutual Automobile accumulated 55.04 million shares or 4.32% of the stock. Greystone Managed Invests has invested 0.49% in Wells Fargo & Co (NYSE:WFC). Glenmede Trust Na holds 0.64% in Wells Fargo & Co (NYSE:WFC) or 2.13M shares. Matrix Asset Advisors owns 489,636 shares or 4.57% of their US portfolio.

Since March 21, 2017, it had 1 insider purchase, and 5 insider sales for $389.32 million activity. $383.92M worth of Wells Fargo & Co (NYSE:WFC) shares were sold by BERKSHIRE HATHAWAY INC. $1.04M worth of Wells Fargo & Co (NYSE:WFC) was sold by Loughlin Michael J on Tuesday, March 21. Pelos Petros G also sold $1.34M worth of Wells Fargo & Co (NYSE:WFC) on Monday, June 12. 27,582 shares were sold by CARROLL DAVID M, worth $1.47 million on Wednesday, March 22. On Tuesday, May 16 Hardison Hope A. sold $1.04M worth of Wells Fargo & Co (NYSE:WFC) or 20,000 shares. Another trade for 9,050 shares valued at $499,108 was made by SARGENT RONALD on Friday, May 5.

Patrick Degorce increased its stake in Wells Fargo & Co New (WFC) by 4.91% based on its latest 2016Q4 regulatory filing with the SEC. Theleme Partners Llp bought 334,800 shares as the company’s stock declined 8.66% while stock markets rallied. The hedge fund run by Patrick Degorce held 7.15M shares of the major banks company at the end of 2016Q4, valued at $394.06M, up from 6.82M at the end of the previous reported quarter. Theleme Partners Llp who had been investing in Wells Fargo & Co New for a number of months, seems to be bullish on the $256.44 billion market cap company. The stock increased 0.72% or $0.37 on September 15, reaching $51.66. About 28.49 million shares traded or 57.40% up from the average. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since September 17, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

More notable recent Wells Fargo & Co (NYSE:WFC) news were published by: Investorplace.com which released: “Wells Fargo & Co (WFC) Stock Outlook Clouded By Smoke But No Fire” on September 08, 2017, also Reuters.com with their article: “Wells Fargo troubles shift from phony bank accounts to real ones” published on August 18, 2017, Fool.com published: “Is Wells Fargo & Company a Buy?” on September 07, 2017. More interesting news about Wells Fargo & Co (NYSE:WFC) were released by: Bloomberg.com and their article: “Wells Fargo Boosts Fake-Account Estimate 67% to 3.5 Million” published on August 31, 2017 as well as Seekingalpha.com‘s news article titled: “Wells Fargo: Oops” with publication date: September 04, 2017.

Wells Fargo & Co (NYSE:WFC) Ratings Coverage

Among 32 analysts covering Wells Fargo & Company (NYSE:WFC), 13 have Buy rating, 5 Sell and 14 Hold. Therefore 41% are positive. Wells Fargo & Company has $67 highest and $44 lowest target. $56.43’s average target is 9.23% above currents $51.66 stock price. Wells Fargo & Company had 88 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Tuesday, January 3 by Barclays Capital. Argus Research maintained the stock with “Buy” rating in Tuesday, January 19 report. The rating was upgraded by Morgan Stanley on Tuesday, September 20 to “Overweight”. The rating was maintained by Nomura with “Buy” on Monday, April 25. The rating was downgraded by Vetr to “Strong-Buy” on Friday, August 28. The stock of Wells Fargo & Co (NYSE:WFC) earned “Buy” rating by RBC Capital Markets on Thursday, June 22. On Tuesday, October 4 the stock rating was downgraded by Raymond James to “Underperform”. The stock has “Buy” rating by S&P Research on Thursday, August 13. Citigroup upgraded Wells Fargo & Co (NYSE:WFC) on Thursday, January 7 to “Buy” rating. The rating was maintained by Piper Jaffray with “Hold” on Friday, July 28.

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