Wells Fargo Co New (WFC) Shareholder Northwestern Mutual Wealth Management Company Lowered Its Position as Market Value Declined

May 22, 2018 - By Vivian Park

Wells Fargo & Company (NYSE:WFC) LogoInvestors sentiment increased to 0.75 in Q4 2017. Its up 0.02, from 0.73 in 2017Q3. It is positive, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Quantum Mgmt holds 24,670 shares. Cornerstone Advsr Inc owns 103,800 shares for 0.72% of their portfolio. Assets reported 30.07% stake. Wasatch Advsr has invested 0.15% in Wells Fargo & Company (NYSE:WFC). Laffer Investments reported 0.09% in Wells Fargo & Company (NYSE:WFC). Moreover, Trb Advisors LP has 3.24% invested in Wells Fargo & Company (NYSE:WFC). Portland Global Advsr Ltd Limited Liability Company has invested 0.1% in Wells Fargo & Company (NYSE:WFC). Thornburg Invest Mngmt reported 35,490 shares. Silvercrest Asset Mgmt Grp Limited Liability Corporation owns 103,439 shares. Signature Incorporated has 0.67% invested in Wells Fargo & Company (NYSE:WFC). Fulton Bank & Trust Na invested in 0.15% or 35,905 shares. Smithbridge Asset De stated it has 12,344 shares or 0.47% of all its holdings. Findlay Park Limited Liability Partnership has invested 1.48% in Wells Fargo & Company (NYSE:WFC). River Road Asset Management Limited Company has invested 1.37% in Wells Fargo & Company (NYSE:WFC). Compton Cap Mgmt Ri holds 1.27% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 48,907 shares.

Northwestern Mutual Wealth Management Company decreased its stake in Wells Fargo Co New (WFC) by 27.49% based on its latest 2017Q4 regulatory filing with the SEC. Northwestern Mutual Wealth Management Company sold 139,004 shares as the company’s stock declined 16.98% with the market. The institutional investor held 366,608 shares of the major banks company at the end of 2017Q4, valued at $22.24 million, down from 505,612 at the end of the previous reported quarter. Northwestern Mutual Wealth Management Company who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $265.77B market cap company. The stock increased 1.56% or $0.84 during the last trading session, reaching $54.54. About 11.49 million shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since May 22, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Northwestern Mutual Wealth Management Company, which manages about $15.70 billion US Long portfolio, upped its stake in Vanguard Index Fds (VNQ) by 63,993 shares to 3.84 million shares, valued at $318.67 million in 2017Q4, according to the filing. It also increased its holding in Vanguard Intl Equity Index F (VWO) by 1.07 million shares in the quarter, for a total of 15.86 million shares, and has risen its stake in Ishares Inc (EZU).

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 EPS, up 4.67 % or $0.05 from last year’s $1.07 per share. WFC’s profit will be $5.46 billion for 12.17 P/E if the $1.12 EPS becomes a reality. After $1.12 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Seekingalpha.com which released: “Wells Fargo: Value And Longevity” on May 21, 2018, also Fool.com with their article: “The 2 Most Important Reasons Warren Buffett Reads Annual Reports” published on May 22, 2018, Seekingalpha.com published: “Tracking David Tepper’s Appaloosa Management Portfolio – Q1 2018 Update” on May 21, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: 247Wallst.com and their article: “Well Fargo Renews Its Commitment to You After Rip-Offs (Update)” published on May 09, 2018 as well as Livetradingnews.com‘s news article titled: “Wells Fargo & Company (NYSE:WFC) Heffx Trading Outlook” with publication date: May 21, 2018.

Wells Fargo & Company (NYSE:WFC) Ratings Coverage

Among 24 analysts covering Wells Fargo (NYSE:WFC), 13 have Buy rating, 4 Sell and 7 Hold. Therefore 54% are positive. Wells Fargo had 46 analyst reports since December 7, 2017 according to SRatingsIntel. The stock has “Overweight” rating by Morgan Stanley on Friday, February 2. The stock has “Market Perform” rating by Wood on Monday, February 5. The firm has “Hold” rating given on Sunday, April 15 by Keefe Bruyette & Woods. The company was upgraded on Wednesday, January 3 by Bernstein. The company was upgraded on Thursday, December 7 by Vertical Group. The company was maintained on Monday, February 5 by Robert W. Baird. On Monday, February 5 the stock rating was downgraded by Keefe Bruyette & Woods to “Hold”. The company was upgraded on Wednesday, January 10 by Atlantic Securities. Nomura maintained Wells Fargo & Company (NYSE:WFC) on Monday, February 5 with “Buy” rating. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

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