Brighton Jones LLC Raises Position in Wells Fargo & Co (NYSE:WFC)

SEC FORM 4 - SEC.gov
Have Stock Gurus Now Turned Sour On Wells Fargo & Company (WFC), Regulus Therapeutics Inc. (RGLS)?
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04 February, 2018

The institutional investor held 142,431 shares of the telecommunications equipment company at the end of 2017Q3, valued at $7.05M, up from 123,528 at the end of the previous reported quarter. Wells Fargo & Co has a 52 week low of $49.27 and a 52 week high of $66.31. At the close of regular trading, its last week's stock price volatility was 8.42% which for the month reaches 7.21%. The stock's average target of $58.73 is -10.35% below today's ($65.51) share price. The TJX Companies, Inc. Almost Family, Inc. (NASDAQ:AFAM) has risen 32.84% since February 3, 2017 and is uptrending. It has underperformed by 30.84% the S&P500.

Equity Investment Corp lowered its stake in shares of Wells Fargo & Co (NYSE:WFC) by 2.8% in the third quarter, according to its most recent 13F filing with the SEC.

Among 36 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 5 Sell and 14 Hold. Exchange Capital Management Inc who had been investing in Wells Fargo & Co for a number of months, seems to be less bullish one the $320.45 billion market cap company. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider's stock valued at $127,000 after purchasing an additional 891 shares in the last quarter. About 973,962 shares traded or 16.18% up from the average.

The Fed will restrict Wells Fargo's growth until its risk management and governance "sufficiently improves", but it will not require Wells to cease current activities, including making consumer loans, the Fed said in a press release. It has underperformed by 7.03% the S&P500. It also upped Ca Inc (NASDAQ:CA) stake by 108,895 shares and now owns 159,631 shares.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.01, from 0.82 in 2017Q2. 114 funds opened positions while 708 raised stakes. (NYSE:HON). Doheny Asset Mngmt Ca has invested 0.26% of its portfolio in Honeywell International Inc. Gibraltar Mngmt has 1.96% invested in Wells Fargo & Company (NYSE:WFC). (NYSE:TJX). First Interstate Bankshares accumulated 875 shares or 0.01% of the stock. Sei Communications reported 0.05% stake.

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At the session level, shares of Apache Corporation (NYSE:APA) moved -0.73% from the open. Peoples Svcs has invested 0.75% in Cisco Systems, Inc. Alexandria Cap Limited Com holds 0.02% or 1,719 shares. Cardinal Cap Mgmt, a Manitoba - Canada-based fund reported 269,115 shares. Cipher Capital LP stated it has 9,714 shares or 0.05% of all its holdings. Shares for $4.00M were sold by Hood Amy on Tuesday, August 29. Capital World Investors now owns 111,753,448 shares of the financial services provider's stock worth $6,192,259,000 after purchasing an additional 10,927,679 shares in the last quarter. United Automobile Association holds 0.4% or 2.49M shares. Zwj Inv Counsel reported 45,081 shares or 0.19% of all its holdings. Therefore 94% are positive.

Analysts expect RPX Corporation (NASDAQ:RPXC) to report $0.09 EPS on February, 13.They anticipate $0.03 EPS change or 50.00% from last quarter's $0.06 EPS. As per Thursday, July 20, the company rating was maintained by Maxim Group. Founders Capital Management Llc bought 3,269 shares as the company's stock declined 3.26% while stock markets rallied. Credit Suisse maintained it with "Hold" rating and $122 target in Monday, April 24 report. RBC Capital Markets maintained the stock with "Buy" rating in Monday, June 12 report. Robert W. Baird reiterated a buy rating and issued a $58.00 price objective on shares of Wells Fargo & Co in a research report on Friday, October 6th.

Since November 17, 2017, it had 0 insider purchases, and 1 insider sale for $292,234 activity. Frontier Invest Mngmt Com has 2.25% invested in Wells Fargo & Company (NYSE:WFC). Therefore 47% are positive. Morgan Stanley boosted their target price on Wells Fargo & Co from $72.00 to $75.00 and gave the stock an "overweight" rating in a research note on Friday. The firm earned "Neutral" rating on Tuesday, January 19 by Compass Point. (NASDAQ:AFAM) on Thursday, November 2 with "Buy" rating. (NYSE:HON) on Thursday, December 17 with "Outperform" rating. Moreover, Kbc Group Nv has 0.59% invested in Wells Fargo & Company (NYSE:WFC). The firm earned "Hold" rating on Tuesday, September 1 by Zacks. Investors of record on Friday, February 2nd will be paid a $0.39 dividend. Its down 0.15, from 0.88 in 2017Q2. It is negative, as 92 investors sold WFC shares while 725 reduced holdings.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stewart & Patten Limited Liability Corp reported 269,551 shares. Us Bancorporation De accumulated 4.89 million shares or 0.86% of the stock. Systematic Financial Mgmt L P reported 9,245 shares stake. Wheatland reported 21,413 shares. Fdx Advisors holds 310,537 shares.


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