The institutional investor held 18,658 shares of the major banks company at the end of 2017Q4, valued at $1.13 million, up from 4,329 at the end of the previous reported quarter. Pinnacle Foods Inc Del now has $6.65 billion valuation. The stock decreased 1.06% or $0.7 during the last trading session, reaching $65.38. About 902,322 shares traded.
Since November 17, 2017, it had 0 insider purchases, and 1 sale for $292,234 activity.
WFC opened at $50.89 on Wednesday.
Robinson Value Management Ltd. bought a new stake in Wells Fargo & Company (NYSE:WFC) during the fourth quarter, Holdings Channel reports. About 32.05 million shares traded or 35.83% up from the average. Over the a year ago and a half, Wells Fargo Advisors has seen a 4.5% decline in its advisers workorce, falling from 15,086 in September 2016 to 14,399 at the end of March. It has underperformed by 19.30% the S&P500. Stearns Financial Ser Grp Incorporated invested in 1.26% or 302,236 shares. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has a 12.41 P/E ratio. Sandler O'Neill upgraded shares of Wells Fargo from a "hold" rating to a "buy" rating and raised their price objective for the stock from $62.04 to $73.00 in a research report on Tuesday, January 9th. Wells Fargo & Company has a 12 month low of $43.55 and a 12 month high of $58.10. The company now has an average rating of "Hold" and a consensus target price of $62.49.
JPMorgan reported a record quarterly profit, while Citigroup and Wells Fargo topped analyst expectations. The firm earned "Hold" rating on Friday, July 7 by Jefferies. Nomura maintained Wells Fargo & Company (NYSE:WFC) on Monday, February 5 with "Buy" rating.
ILLEGAL ACTIVITY NOTICE: "Oppenheimer Weighs in on Wells Fargo's Q1 2018 Earnings (WFC)" was originally reported by Week Herald and is the property of of Week Herald. The company was downgraded on Thursday, March 10 by Robert W. Baird. The company was upgraded on Wednesday, April 26 by Guggenheim.
Investors sentiment increased to 0.75 in 2017 Q4. Its down 0.27, from 1.35 in 2017Q3. It worsened, as 28 investors sold FIVE shares while 95 reduced holdings.
Other hedge funds also recently made changes to their positions in the company. Pictet Asset Mngmt Ltd holds 3.13 million shares or 0.49% of its portfolio. (NASDAQ:FIVE) for 45,678 shares. Finally, Davis Selected Advisers increased its holdings in Wells Fargo by 1.4% in the third quarter. Coconut Grove Bank now owns 2,538 shares of the financial services provider's stock valued at $112,000 after buying an additional 900 shares during the last quarter. Axa owns 1.41 million shares for 0.34% of their portfolio. Btc Cap reported 0.85% stake. They expect $0.12 earnings per share, down 42.86% or $0.09 from last year's $0.21 per share. Geode Capital Management LLC increased its position in Wells Fargo by 1.3% during the 4th quarter. Alphaone Investment Ser Lc stated it has 730 shares.
Goldman Sachs analyst Richard Ramsden said he projects analyst and investor focus on Wells Fargo "will be on its asset sensitivity and net interest income growth, loan growth vs. peers, continued elevated levels of operating efficiency on a core basis, and potential for higher capital return". The insider Pant Muktesh bought $1.14 million.
In October, the bank revealed that some mortgage borrowers were inappropriately charged for missing a deadline to lock in promised interest rates, even though the delays were Wells Fargo's fault. Therefore 67% are positive. Anthem Inc had 75 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has "Market Perform" rating by BMO Capital Markets given on Friday, October 30.
In related news, Director Ronald Sargent purchased 9,000 shares of the firm's stock in a transaction on Monday, February 12th. Royal Bank of Canada downgraded shares of Wells Fargo from an outperform rating to an underperform rating in a research note on Monday, February 5th.