Wells Fargo & Co (WFC) : Simplex Trading added new position in Wells Fargo & Co during the most recent quarter end. The investment management firm now holds 269,446 shares of Wells Fargo & Co which is valued at $12,213,987 , the company said in a statement filed on Oct 7, 2016 with the SEC.Wells Fargo & Co makes up approximately 1.59% of Simplex Trading’s portfolio.
Other Hedge Funds, Including , Randolph Co Inc sold out all of its stake in WFC during the most recent quarter. The investment firm sold 389,811 shares of WFC which is valued $17,670,133.North Star Asset Management Inc boosted its stake in WFC in the latest quarter, The investment management firm added 65 additional shares and now holds a total of 23,858 shares of Wells Fargo & Co which is valued at $1,073,371. Wells Fargo & Co makes up approx 0.12% of North Star Asset Management Inc’s portfolio.Private Asset Management Inc boosted its stake in WFC in the latest quarter, The investment management firm added 30,951 additional shares and now holds a total of 177,406 shares of Wells Fargo & Co which is valued at $7,981,496. Wells Fargo & Co makes up approx 1.35% of Private Asset Management Inc’s portfolio.Eqis Capital Management boosted its stake in WFC in the latest quarter, The investment management firm added 2,656 additional shares and now holds a total of 18,642 shares of Wells Fargo & Co which is valued at $838,704. Wells Fargo & Co makes up approx 0.05% of Eqis Capital Management’s portfolio.Cullinan Associates Inc reduced its stake in WFC by selling 5,270 shares or 2.88% in the most recent quarter. The Hedge Fund company now holds 177,700 shares of WFC which is valued at $7,994,723. Wells Fargo & Co makes up approx 0.69% of Cullinan Associates Inc’s portfolio.
Wells Fargo & Co opened for trading at $45.2 and hit $45.45 on the upside on Friday, eventually ending the session at $45.33, with a gain of 0.33% or 0.15 points. The heightened volatility saw the trading volume jump to 2,48,93,588 shares. Company has a market cap of $228,715 M.
On the company’s financial health, Wells Fargo & Co reported $1.01 EPS for the quarter, based on the information available during the earnings call on Jul 15, 2016. Analyst had a consensus estimate of $1.01. The company had revenue of $22162.00 million for the quarter, compared to analysts expectations of $22091.72 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.
Many Wall Street Analysts have commented on Wells Fargo & Co. Wells Fargo & Co was Downgraded by Raymond James to ” Underperform” on Oct 4, 2016. Shares were Reiterated by FBR & Co. on Sep 27, 2016 to “Outperform” and Lowered the Price Target to $ 50 from a previous price target of $63 .Wells Fargo & Co was Downgraded by JP Morgan to ” Neutral” on Sep 21, 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.