Fjarde Ap-fonden Fourth Swedish National Pension Fund buys $54,191,312 stake in Wells Fargo & Co (WFC)

Wells Fargo & Co (WFC) : Fjarde Ap-fonden Fourth Swedish National Pension Fund scooped up 134,923 additional shares in Wells Fargo & Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 11, 2016. The investment management firm now holds a total of 1,123,136 shares of Wells Fargo & Co which is valued at $54,191,312.Wells Fargo & Co makes up approximately 1.24% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

Wells Fargo & Co closed down -0.54 points or -1.11% at $48.25 with 2,48,85,233 shares getting traded on Friday. Post opening the session at $48.62, the shares hit an intraday low of $48.06 and an intraday high of $48.94 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Central Bank Trust Co boosted its stake in WFC in the latest quarter, The investment management firm added 1,935 additional shares and now holds a total of 12,719 shares of Wells Fargo & Co which is valued at $613,692. Wells Fargo & Co makes up approx 0.17% of Central Bank Trust Co’s portfolio.Burns J W Co Incny boosted its stake in WFC in the latest quarter, The investment management firm added 1,435 additional shares and now holds a total of 104,572 shares of Wells Fargo & Co which is valued at $4,918,021. Wells Fargo & Co makes up approx 1.57% of Burns J W Co Incny’s portfolio.Catawba Capital Management Va boosted its stake in WFC in the latest quarter, The investment management firm added 268 additional shares and now holds a total of 105,111 shares of Wells Fargo & Co which is valued at $4,943,370. Wells Fargo & Co makes up approx 1.27% of Catawba Capital Management Va’s portfolio.Curbstone Financial Management Corp boosted its stake in WFC in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 36,900 shares of Wells Fargo & Co which is valued at $1,735,407. Wells Fargo & Co makes up approx 0.59% of Curbstone Financial Management Corp’s portfolio.Stock Yards Bank Trust Co boosted its stake in WFC in the latest quarter, The investment management firm added 369 additional shares and now holds a total of 25,992 shares of Wells Fargo & Co which is valued at $1,222,404. Wells Fargo & Co makes up approx 0.18% of Stock Yards Bank Trust Co’s portfolio.

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. Wells Fargo & Co was Downgraded by Piper Jaffray to ” Underweight” on Apr 15, 2016. Wells Fargo & Co was Downgraded by Sandler O’Neill to ” Hold” on Apr 11, 2016. Wells Fargo & Co was Downgraded by Guggenheim to ” Neutral” on Apr 6, 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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