Saddle Road Partners buys $5,198,168 stake in WELLS FARGO & CO COM (WFC)

WELLS FARGO & CO COM (WFC) : Saddle Road Partners scooped up 2,640 additional shares in WELLS FARGO & CO COM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 102,690 shares of WELLS FARGO & CO COM which is valued at $5,198,168.WELLS FARGO & CO COM makes up approximately 1.12% of Saddle Road Partners’s portfolio.

WELLS FARGO & CO COM 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 , Seaward Management Limited Partnership boosted its stake in WFC in the latest quarter, The investment management firm added 5,930 additional shares and now holds a total of 161,193 shares of WELLS FARGO & CO COM which is valued at $8,159,590. WELLS FARGO & CO COM makes up approx 0.43% of Seaward Management Limited Partnership’s portfolio.Montrusco Bolton Investments boosted its stake in WFC in the latest quarter, The investment management firm added 33,460 additional shares and now holds a total of 137,402 shares of WELLS FARGO & CO COM which is valued at $6,955,289. WELLS FARGO & CO COM makes up approx 0.54% of Montrusco Bolton Investments’s portfolio.Palo Capital reduced its stake in WFC by selling 4,525 shares or 18.28% in the most recent quarter. The Hedge Fund company now holds 20,225 shares of WFC which is valued at $1,023,790. WELLS FARGO & CO COM makes up approx 0.81% of Palo Capital’s portfolio.Waverton Investment Management Ltd reduced its stake in WFC by selling 53,099 shares or 4.33% in the most recent quarter. The Hedge Fund company now holds 1,173,221 shares of WFC which is valued at $55,176,584. WELLS FARGO & CO COM makes up approx 4.20% of Waverton Investment Management Ltd’s portfolio.

On the company’s financial health, WELLS FARGO & CO COM 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 COM. WELLS FARGO & CO COM was Downgraded by Piper Jaffray to ” Underweight” on Apr 15, 2016. WELLS FARGO & CO COM was Downgraded by Sandler O’Neill to ” Hold” on Apr 11, 2016. WELLS FARGO & CO COM 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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