Wells Fargo Co New (WFC) Share Price Declined While Brandywine Global Investment Management LLC Has Lifted Its Stake

April 25, 2018 - By Migdalia James

Wells Fargo & Company (NYSE:WFC) LogoInvestors sentiment increased to 0.75 in 2017 Q4. Its up 0.02, from 0.73 in 2017Q3. It increased, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Brown Advisory owns 4.65 million shares for 0.89% of their portfolio. Hl Financial Serv Llc reported 2.54% stake. Massachusetts-based Timber Creek Cap Mngmt Ltd Limited Liability Company has invested 0.04% in Wells Fargo & Company (NYSE:WFC). Sentry Investments Corp accumulated 1.76 million shares. Independent Order Of Foresters reported 0.38% stake. Moors And Cabot owns 47,432 shares. Highstreet Asset Mgmt holds 0.11% or 29,764 shares. C Wide Grp Inc Holdg A S, Denmark-based fund reported 6.05M shares. Horizon Invs Limited reported 0.09% stake. Ci accumulated 6.80M shares. Pnc Financial Services Group Inc Inc reported 0.52% in Wells Fargo & Company (NYSE:WFC). 380,653 were reported by First Foundation. Argent Trust reported 0.88% in Wells Fargo & Company (NYSE:WFC). White Pine Invest Com holds 0.16% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 5,468 shares. Lafayette Invests invested 2.74% of its portfolio in Wells Fargo & Company (NYSE:WFC).

Since November 17, 2017, it had 0 buys, and 1 insider sale for $292,234 activity.

Brandywine Global Investment Management Llc increased its stake in Wells Fargo Co New (WFC) by 2.92% based on its latest 2017Q4 regulatory filing with the SEC. Brandywine Global Investment Management Llc bought 127,879 shares as the company’s stock declined 16.98% with the market. The institutional investor held 4.50M shares of the major banks company at the end of 2017Q4, valued at $273.14 million, up from 4.37M at the end of the previous reported quarter. Brandywine Global Investment Management Llc who had been investing in Wells Fargo Co New for a number of months, seems to be bullish on the $255.93B market cap company. The stock decreased 0.19% or $0.1 during the last trading session, reaching $52.51. About 23.05 million shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 25, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Brandywine Global Investment Management Llc, which manages about $52.46 billion and $16.74 billion US Long portfolio, decreased its stake in Primerica Inc (NYSE:PRI) by 164,018 shares to 12,130 shares, valued at $1.23 million in 2017Q4, according to the filing. It also reduced its holding in Medtronic Plc (NYSE:MDT) by 646,023 shares in the quarter, leaving it with 60 shares, and cut its stake in Lyondellbasell Industries N (NYSE:LYB).

Wells Fargo & Company (NYSE:WFC) Ratings Coverage

Among 23 analysts covering Wells Fargo (NYSE:WFC), 11 have Buy rating, 4 Sell and 8 Hold. Therefore 48% are positive. Wells Fargo had 45 analyst reports since November 10, 2017 according to SRatingsIntel. Vertical Group upgraded Wells Fargo & Company (NYSE:WFC) on Thursday, December 7 to “Buy” rating. The firm has “Hold” rating given on Sunday, February 4 by Susquehanna. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, January 4 report. RBC Capital Markets maintained the shares of WFC in report on Friday, January 12 with “Buy” rating. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Sandler O’Neill on Friday, April 13. The stock has “Hold” rating by Susquehanna on Friday, April 13. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Sunday, April 15. The firm earned “Hold” rating on Monday, April 23 by Susquehanna. Buckingham Research maintained Wells Fargo & Company (NYSE:WFC) on Monday, April 16 with “Buy” rating. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Robert W. Baird on Monday, February 5.

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

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