Trust Co Of Oklahoma Lowers stake in Wells Fargo & Co (WFC)

Wells Fargo & Co (WFC) : Trust Co Of Oklahoma reduced its stake in Wells Fargo & Co by 1.65% during the most recent quarter end. The investment management company now holds a total of 8,940 shares of Wells Fargo & Co which is valued at $405,250 after selling 150 shares in Wells Fargo & Co , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Wells Fargo & Co makes up approximately 0.22% of Trust Co Of Oklahoma’s portfolio.

Other Hedge Funds, Including , Stokes Hubbell Capital Management reduced its stake in WFC by selling 318 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 49,301 shares of WFC which is valued at $2,234,814. Wells Fargo & Co makes up approx 0.93% of Stokes Hubbell Capital Management’s portfolio.Lenox Wealth Advisors reduced its stake in WFC by selling 98 shares or 21.17% in the most recent quarter. The Hedge Fund company now holds 365 shares of WFC which is valued at $16,421.Summit Financial Wealth Advisors boosted its stake in WFC in the latest quarter, The investment management firm added 14,601 additional shares and now holds a total of 38,408 shares of Wells Fargo & Co which is valued at $1,727,976. Wells Fargo & Co makes up approx 0.76% of Summit Financial Wealth Advisors’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in WFC in the latest quarter, The investment management firm added 27,768 additional shares and now holds a total of 1,872,600 shares of Wells Fargo & Co which is valued at $84,248,274. Wells Fargo & Co makes up approx 0.35% of Bnp Paribas Arbitrage Sa’s portfolio.Harbour Capital Advisors reduced its stake in WFC by selling 8,261 shares or 25.96% in the most recent quarter. The Hedge Fund company now holds 23,567 shares of WFC which is valued at $1,060,279. Wells Fargo & Co makes up approx 0.57% of Harbour Capital Advisors’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.

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