Wells Fargo & Co (WFC) : Seaward Management Limited Partnership scooped up 5,930 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 21, 2016. The investment management firm now holds a total of 161,193 shares of Wells Fargo & Co which is valued at $8,159,590.Wells Fargo & Co makes up approximately 0.43% of Seaward Management Limited Partnership’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 , Alta Capital Management boosted its stake in WFC in the latest quarter, The investment management firm added 274,115 additional shares and now holds a total of 886,898 shares of Wells Fargo & Co which is valued at $44,894,777. Wells Fargo & Co makes up approx 2.74% of Alta Capital Management’s portfolio.Wendell David Associates Inc reduced its stake in WFC by selling 3,645 shares or 43.09% in the most recent quarter. The Hedge Fund company now holds 4,815 shares of WFC which is valued at $243,735. Wells Fargo & Co makes up approx 0.05% of Wendell David Associates Inc’s portfolio.First Citizens Bank Trust Co reduced its stake in WFC by selling 141,743 shares or 36.71% in the most recent quarter. The Hedge Fund company now holds 244,420 shares of WFC which is valued at $12,372,540. Wells Fargo & Co makes up approx 1.02% of First Citizens Bank Trust Co’s portfolio.Boyd Watterson Asset Managementoh reduced its stake in WFC by selling 116 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 46,003 shares of WFC which is valued at $2,219,645. Wells Fargo & Co makes up approx 1.10% of Boyd Watterson Asset Managementoh’s portfolio.Bridge Creek Capital Management boosted its stake in WFC in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 74,164 shares of Wells Fargo & Co which is valued at $3,578,413. Wells Fargo & Co makes up approx 2.06% of Bridge Creek Capital Management’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.