Wells Fargo & Co (WFC) : Texas Permanent School Fund reduced its stake in Wells Fargo & Co by 2.87% during the most recent quarter end. The investment management company now holds a total of 1,594,397 shares of Wells Fargo & Co which is valued at $79,687,962 after selling 47,127 shares in Wells Fargo & Co , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.Wells Fargo & Co makes up approximately 1.00% of Texas Permanent School Fund’s portfolio.
Wells Fargo & Co opened for trading at $50.28 and hit $50.7 on the upside on Monday, eventually ending the session at $50.59, with a gain of 1.22% or 0.61 points. The heightened volatility saw the trading volume jump to 1,47,80,296 shares. Company has a market cap of $256,831 M.
Other Hedge Funds, Including , Rothschild Investment Corp Il reduced its stake in WFC by selling 6,262 shares or 26.37% in the most recent quarter. The Hedge Fund company now holds 17,486 shares of WFC which is valued at $873,950. Wells Fargo & Co makes up approx 0.11% of Rothschild Investment Corp Il’s portfolio. Edmonds Duncan Registered Investment Advisors sold out all of its stake in WFC during the most recent quarter. The investment firm sold 5,210 shares of WFC which is valued $263,730.Gemmer Asset Management reduced its stake in WFC by selling 905 shares or 20.54% in the most recent quarter. The Hedge Fund company now holds 3,501 shares of WFC which is valued at $168,923. Wells Fargo & Co makes up approx 0.10% of Gemmer Asset Management’s portfolio.Peavine Capital Management reduced its stake in WFC by selling 567 shares or 7.89% in the most recent quarter. The Hedge Fund company now holds 6,623 shares of WFC which is valued at $319,560. Wells Fargo & Co makes up approx 0.15% of Peavine 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.