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Somerville Kurt F Has $290000 Stake in Wells Fargo & Co (NYSE:WFC)

14 January 2018

Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider's stock valued at $106,000 after buying an additional 6 shares in the last quarter. About 3.21M shares traded or 21.79% up from the average. Comcast Corporation (NASDAQ:CMCSA) has risen 28.96% since January 14, 2017 and is uptrending. It has outperformed by 20.05% the S&P500.

Jabre Capital Partners Sa increased Wells Fargo Co New (WFC) stake by 6.52% reported in 2017Q3 SEC filing. Freestone Capital Limited Liability Company reported 44,640 shares. The institutional investor held 43,098 shares of the major banks company at the end of 2017Q3, valued at $2.38M, down from 86,951 at the end of the previous reported quarter. The stock decreased 0.73% or $0.46 during the last trading session, reaching $62.55. The shares were sold at an average price of $56.90, for a total value of $3,983,000.00. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 14, 2017 and is uptrending. It has underperformed by 7.03% the S&P500. Fort Washington Investment Advsr Inc Oh reported 437,461 shares. It also increased its holding in Emcor Group Inc (NYSE:EME) by 11,184 shares in the quarter, for a total of 17,767 shares, and has risen its stake in International Game Technolog.

A number of research analysts have weighed in on WFC shares. (NYSE:CBU) to report $0.69 EPS on January, 22.They anticipate $0.08 EPS change or 13.11% from last quarter's $0.61 EPS. CMCSA's profit will be $2.24 billion for 22.10 P/E if the $0.48 EPS becomes a reality. The financial services provider reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.07).

Investors sentiment decreased to 1.55 in Q3 2017. Its down 0.06, from 1.21 in 2017Q2. It dived, as 8 investors sold Community Bank System, Inc. shares while 45 reduced holdings. 75 funds opened positions while 346 raised stakes. First Commonwealth Pa stated it has 0.32% in Duke Energy Corporation (NYSE:DUK). Pension Serv holds 3.62M shares or 1.08% of its portfolio. 19,182 were accumulated by Hartford Management. The company has a market cap of $308,240.00, a price-to-earnings ratio of 16.16, a PEG ratio of 1.66 and a beta of 0.96. Stoneridge Prtn Ltd Liability has 215,511 shares. Cibc Asset Management Inc reported 545,384 shares stake. Moreover, Sunbelt Securities has 0.39% invested in Comcast Corporation (NASDAQ:CMCSA) for 9,618 shares. Palisades Hudson Asset Limited Partnership accumulated 7,670 shares. At Bankshares invested in 4,000 shares. Eqis Cap Mngmt Incorporated owns 10,146 shares or 0.03% of their U.S. portfolio. Lodestar Inv Counsel Ltd Liability Co Il holds 0.25% or 36,323 shares in its portfolio.

Shares, however, were down almost 1 percent in electronic trading shortly after the earnings release, off the morning lows.

Since August 7, 2017, it had 0 insider purchases, and 12 insider sales for $93.68 million activity. ROBERTS BRIAN L sold $22.57 million worth of stock. The stock was sold at an average price of $56.90, for a total transaction of $3,983,000.00. $83,175 worth of Comcast Corporation (NASDAQ:CMCSA) shares were sold by BACON KENNETH J. (NYSE:LPI) on Wednesday, March 30 to "Sell" rating. Therefore 67% are positive. Comcast Corporation had 68 analyst reports since July 27, 2015 according to SRatingsIntel. Evercore maintained the stock with "Outperform" rating in Wednesday, April 12 report. (NYSE:LPI) on Wednesday, December 9 with "Market Perform" rating. The stock has "Hold" rating by Jefferies on Tuesday, June 6. Pacific Crest downgraded the shares of CMCSA in report on Friday, January 27 to "Sector Weight" rating. Citigroup has "Neutral" rating and $26 target. Barclays Capital has "Overweight" rating and $61 target. As per Wednesday, May 31, the company rating was maintained by BMO Capital Markets. As per Thursday, November 2, the company rating was maintained by SunTrust. The firm has "Buy" rating by Argus Research given on Friday, August 4. Vetr raised shares of Wells Fargo & Co from a "sell" rating to a "hold" rating and set a $54.49 target price on the stock in a report on Tuesday, October 24th. Therefore 15% are positive. BMO Capital Markets increased their price target on Wells Fargo & Co from $49.00 to $50.00 and gave the company a "market perform" rating in a research note on Monday, October 16th. Guggenheim maintained Wells Fargo & Company (NYSE:WFC) rating on Thursday, October 15. The firm has "Hold" rating given on Monday, November 28 by Jefferies. The firm has "Outperform" rating given on Wednesday, February 15 by FBR Capital. Robert W. Baird has "Buy" rating and $65.0 target. The stock has "Hold" rating by Piper Jaffray on Friday, October 13. The firm has "Buy" rating given on Monday, September 7 by Zacks. The firm has "Buy" rating by Keefe Bruyette & Woods given on Thursday, September 28. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company's stock. The firm has "Sell" rating by Rafferty given on Wednesday, April 12.

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Investors sentiment decreased to 0.73 in 2017 Q3.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 103 funds opened positions while 495 raised stakes.

Wells Fargo & Co (NYSE:WFC) last posted its earnings results on Friday, January 12th. Finally, Sandler O'Neill upgraded shares of Wells Fargo & Co from a "hold" rating to a "buy" rating and lifted their price objective for the company from $62.04 to $73.00 in a research note on Tuesday, January 9th. Partnervest Advisory Ltd Liability Com holds 17,377 shares.

Exchange Capital Management Inc. lessened its stake in Wells Fargo & Co (NYSE:WFC) by 95.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. Systematic Financial Mgmt L P holds 27,076 shares or 0.04% of its portfolio. Parametric Portfolio Assocs Ltd Liability Corp invested in 85,720 shares or 0.01% of the stock. Commercial Bank Of Mellon stated it has 41.68M shares or 0.63% of all its holdings. Metropolitan Life Insur Co holds 0.04% or 233,600 shares. RBC Capital Markets maintained LHC Group, Inc. (NASDAQ:AAPL). Ubs Asset Americas has 2.44% invested in Apple Inc. Finance Counselors Incorporated has 32,174 shares.

Iconiq Capital Llc, which manages about $7.58 billion and $1.00B US Long portfolio, upped its stake in Vanguard Index Fds (VNQ) by 3,709 shares to 48,042 shares, valued at $3.99 million in 2017Q3, according to the filing.

Somerville Kurt F Has $290000 Stake in Wells Fargo & Co (NYSE:WFC)