Marquette Asset Management Exits Position in Wells Fargo & Co (WFC)

Wells Fargo & Co (WFC) : Marquette Asset Management has sold out all of its stake in Wells Fargo & Co during the most recent quarter, according to the disclosure filed by the company on Apr 13, 2016 with the SEC. The investment management company has sold out 4,894 shares of Wells Fargo & Co which is valued at $236,136.

Wells Fargo & Co opened for trading at $47.97 and hit $48.88 on the upside on Monday, eventually ending the session at $48.84, with a gain of 1.22% or 0.59 points. The heightened volatility saw the trading volume jump to 1,82,25,836 shares. Company has a market cap of $247,947 M.

Other Hedge Funds, Including , Carnegie Capital Asset Management boosted its stake in WFC in the latest quarter, The investment management firm added 908 additional shares and now holds a total of 79,852 shares of Wells Fargo & Co which is valued at $3,852,859. Wells Fargo & Co makes up approx 0.58% of Carnegie Capital Asset Management’s portfolio.Banced Corp boosted its stake in WFC in the latest quarter, The investment management firm added 198 additional shares and now holds a total of 11,644 shares of Wells Fargo & Co which is valued at $561,823. Wells Fargo & Co makes up approx 0.97% of Banced Corp’s portfolio.Capital Asset Advisory Services boosted its stake in WFC in the latest quarter, The investment management firm added 665 additional shares and now holds a total of 16,407 shares of Wells Fargo & Co which is valued at $791,638. Wells Fargo & Co makes up approx 0.90% of Capital Asset Advisory Services’s portfolio.Needelman Asset Management Inc boosted its stake in WFC in the latest quarter, The investment management firm added 275 additional shares and now holds a total of 13,996 shares of Wells Fargo & Co which is valued at $658,232. Wells Fargo & Co makes up approx 1.94% of Needelman Asset Management Inc’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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