Headinvest Lowers stake in Wells Fargo & Co (WFC)

Wells Fargo & Co (WFC) : Headinvest reduced its stake in Wells Fargo & Co by 2.39% during the most recent quarter end. The investment management company now holds a total of 6,133 shares of Wells Fargo & Co which is valued at $310,452 after selling 150 shares in Wells Fargo & Co , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Wells Fargo & Co makes up approximately 0.12% of Headinvest’s portfolio.

Wells Fargo & Co opened for trading at $50.87 and hit $51.41 on the upside on Wednesday, eventually ending the session at $50.93, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 1,53,42,749 shares. Company has a market cap of $258,557 M.

Other Hedge Funds, Including , Horrell Capital Management reduced its stake in WFC by selling 100 shares or 13.0% in the most recent quarter. The Hedge Fund company now holds 669 shares of WFC which is valued at $33,865. Wells Fargo & Co makes up approx 0.02% of Horrell Capital Management’s portfolio.First Quadrant L Pca boosted its stake in WFC in the latest quarter, The investment management firm added 32,196 additional shares and now holds a total of 1,415,528 shares of Wells Fargo & Co which is valued at $71,654,027. Wells Fargo & Co makes up approx 1.54% of First Quadrant L Pca’s portfolio.Campbell Newman Asset Management Inc boosted its stake in WFC in the latest quarter, The investment management firm added 11,127 additional shares and now holds a total of 254,085 shares of Wells Fargo & Co which is valued at $12,259,601. Wells Fargo & Co makes up approx 2.52% of Campbell Newman Asset Management Inc’s portfolio.Blue Fin Capital reduced its stake in WFC by selling 2,520 shares or 12.6% in the most recent quarter. The Hedge Fund company now holds 17,478 shares of WFC which is valued at $843,314. Wells Fargo & Co makes up approx 0.71% of Blue Fin Capital’s portfolio.Independent Portfolio Consultants reduced its stake in WFC by selling 264 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 11,231 shares of WFC which is valued at $541,896. Wells Fargo & Co makes up approx 0.15% of Independent Portfolio Consultants’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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