Carlson Capital Management buys $1,735,733 stake in Wells Fargo & Co (WFC)

Wells Fargo & Co (WFC) : Carlson Capital Management scooped up 708 additional shares in Wells Fargo & Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 8, 2016. The investment management firm now holds a total of 36,320 shares of Wells Fargo & Co which is valued at $1,735,733.Wells Fargo & Co makes up approximately 0.62% of Carlson Capital Management’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx boosted its stake in WFC in the latest quarter, The investment management firm added 71,107 additional shares and now holds a total of 1,195,917 shares of Wells Fargo & Co which is valued at $57,152,873. Wells Fargo & Co makes up approx 1.19% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in WFC by selling 2,308,808 shares or 55.59% in the most recent quarter. The Hedge Fund company now holds 1,844,832 shares of WFC which is valued at $88,164,521. Wells Fargo & Co makes up approx 0.39% of Bnp Paribas Arbitrage Sa’s portfolio.Summit Financial Wealth Advisors reduced its stake in WFC by selling 167 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 23,807 shares of WFC which is valued at $1,137,737. Wells Fargo & Co makes up approx 0.47% of Summit Financial Wealth Advisors’s portfolio.Iowa State Bank boosted its stake in WFC in the latest quarter, The investment management firm added 1,640 additional shares and now holds a total of 103,252 shares of Wells Fargo & Co which is valued at $4,934,413. Wells Fargo & Co makes up approx 2.50% of Iowa State Bank’s portfolio.Kistler-tiffany Companies boosted its stake in WFC in the latest quarter, The investment management firm added 215 additional shares and now holds a total of 15,267 shares of Wells Fargo & Co which is valued at $729,610. Wells Fargo & Co makes up approx 0.37% of Kistler-tiffany Companies’s portfolio.

Wells Fargo & Co closed down -0.08 points or -0.17% at $48.27 with 1,43,89,624 shares getting traded on Wednesday. Post opening the session at $48.31, the shares hit an intraday low of $47.98 and an intraday high of $48.47 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Wells Fargo & Co reported $0.99 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 14, 2016. Analyst had a consensus of $0.98. The company had revenue of $22195.00 million for the quarter, compared to analysts expectations of $21524.59 million. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.

Many Wall Street Analysts have commented on Wells Fargo & Co. Berenberg Initiated Wells Fargo & Co on Jul 13, 2016 to “Hold”, Price Target of the shares are set at $45.Wells Fargo & Co was Downgraded by Raymond James to ” Mkt Perform” on Jul 7, 2016. Wells Fargo & Co was Downgraded by Piper Jaffray to ” Underweight” on Apr 15, 2016.

Wells Fargo & Company is a financial services and bank holding company. The Company’s segments are Community Banking Wholesale Banking and Wealth and Brokerage and Retirement. The Company’s Community Banking segment offers a range of financial products and services for consumers and small businesses including checking and savings accounts credit and debit cards and auto student and small business lending. The Community Banking segment’s products include investment insurance and trust services and mortgage and home equity loans. The Community Banking segment’s products and business segments include middle market commercial banking government and institutional banking corporate banking and commercial real estate among others. The Company’s Wholesale Banking segment provides a range of financial solutions to businesses across the United States and around the world. The Wealth and Brokerage and Retirement segment provides a range of financial advisory services.

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