Smithbridge Asset Management Inc. DE Boosts Stake in Wells Fargo & Company

Gladys Abbott
August 10, 2017

Sand Hill Global Advisors LLC now owns 21,804 shares of the financial services provider's stock worth $1,201,000 after buying an additional 1,244 shares in the last quarter. Wells Fargo & Co New now has $260.76 billion valuation. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider's stock worth $100,000 after buying an additional 1,461 shares in the last quarter.

About 59,737 shares traded. Jackson Grant Investment Advisers Inc. increased its stake in shares of Wells Fargo & by 0.5% in the first quarter. It has underperformed by 7.03% the S&P500. Bkd Wealth Advisors Limited Liability Company has 36,199 shares. It fall, as 67 investors sold CLX shares while 261 reduced holdings. The Dodge & Cox holds 22.90 million shares with $1.60 billion value, down from 22.94M last quarter. L now has $14.21B valuation. Loughlin Michael J also sold $1.04 million worth of Wells Fargo & Co (NYSE:WFC) shares. It has underperformed by 15.02% the S&P500. Qs Investors Ltd Liability owns 3,248 shares for 0% of their portfolio. Winfield Associates Inc. now owns 4,651 shares of the chip maker's stock worth $156,000 after buying an additional 265 shares during the period.

Investors sentiment decreased to 0.67 in Q4 2016. Its down 0.30, from 0.97 in 2016Q3. 75 funds opened positions while 222 raised stakes. 35,114 were reported by Cambridge Advsrs. Riggs Asset Managment has invested 0.02% of its portfolio in Wells Fargo & Co (NYSE:WFC). Kornitzer Capital Inc Ks reported 423,760 shares. Raymond James Na holds 7,741 shares. Employees Retirement Sys Of Texas holds 0.03% or 72,000 shares in its portfolio. The institutional investor acquired 41,216 shares of the financial services provider's stock, valued at approximately $2,294,000. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued. Punch Assoc Investment Mgmt accumulated 411,135 shares. Banc Funds Co Llc, a Illinois-based fund reported 247,693 shares. Cornerstone Management Co reported 118,243 shares or 0.06% of all its holdings. Tirschwell & Loewy Inc holds 1.13% or 114,700 shares. Smead Mngmt stated it has 1.55 million shares or 4.33% of all its holdings. Piper Jaffray Companies reissued a "hold" rating on shares of Wells Fargo & in a research report on Sunday, July 30th. Nexeo Solutions had 5 analyst reports since September 9, 2016 according to SRatingsIntel. The stock has "Buy" rating by Guggenheim on Wednesday, July 29. JP Morgan downgraded the stock to "Neutral" rating in Wednesday, September 21 report. The firm has "Buy" rating given on Friday, July 29 by Benchmark. The stock has "Buy" rating by Goldman Sachs on Monday, January 11. Additionally the company recently declared a dividend for shareholders to be paid on Friday September 1st, 2017. The rating was maintained by Evercore on Wednesday, April 19 with "Outperform". The stock has "Sell" rating by Rafferty on Wednesday, April 12. Barclays Capital maintained it with "Equal-Weight" rating and $39 target in Wednesday, March 9 report. Following the sale, the insider now directly owns 1,536 shares of the company's stock, valued at $55,910.40. Kinder Morgan Inc (NYSE:KMI) was raised too. (NYSE:NWY) to report earnings on August, 17.

Whereas they predicted High and Low Earnings Estimate as $1.12 and $0.96 respectively. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. Therefore 50% are positive. The rating was maintained by Deutsche Bank on Monday, December 5 with "Buy". As per Monday, August 24, the company rating was maintained by B. Riley & Co. Nationwide Fund Advsr holds 14,398 shares or 0% of its portfolio. BMO Capital Markets maintained it with "Sell" rating and $5000 target in Wednesday, May 31 report. The company has a market cap of $262.20 billion, a price-to-earnings ratio of 13.00 and a beta of 0.95. The stock of Wells Fargo & Co (NYSE:WFC) earned "Neutral" rating by Credit Suisse on Thursday, February 16. The rating was maintained by Nomura with "Buy" on Monday, April 25. The rating was maintained by Barrington Research on Friday, July 28 with "Outperform". Finally, Keefe, Bruyette & Woods restated an "overweight" rating on shares of Wells Fargo & in a research note on Thursday, July 13th.

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Investors sentiment decreased to 0.67 in 2016 Q4. Its down 0.71, from 1.62 in 2016Q3. 112 funds opened positions while 405 raised stakes. 18,752 were accumulated by Winslow Evans & Crocker Inc. 3,744 are owned by Ckw Fincl Group. Blackrock Inv Mgmt Limited Liability accumulated 286,765 shares or 0.04% of the stock. Park National Corp Oh has 384,142 shares. BMO Capital downgraded the stock and lowered the price target on November 18 changing the price objective from $54.00 to $47.00 and changing the rating from "Market Perform" to "Underperform". Rhumbline Advisers, Massachusetts-based fund reported 7.74M shares. 86,021 are held by Woodmont Investment Counsel Ltd Liability Company. The correct version of this report can be viewed at 137,570 were reported by Flippin Bruce & Porter. Point72 Asset Limited Partnership has invested 0.06% of its portfolio in Wells Fargo & Co (NYSE:WFC). Pinnacle Financial Partners Inc. increased its position in Wells Fargo & by 30.1% in the fourth quarter.

Trigran Investments Inc, which manages about $278.36 million and $373.90 million US Long portfolio, decreased its stake in Kmg Chemicals Inc (NYSE:KMG) by 272,867 shares to 1.46 million shares, valued at $56.89 million in 2016Q4, according to the filing.

Since March 3, 2017, it had 1 insider purchase, and 7 selling transactions for $397.31 million activity. State Street Corp has 1.1% invested in Wells Fargo & Co (NYSE:WFC) for 211.45 million shares. Another trade for 20,000 shares valued at $1.04M was sold by Hardison Hope A. $1.34 million worth of stock was sold by Pelos Petros G on Monday, June 12. Vlahos Nikolaos A also sold $3.50 million worth of Clorox Co (NYSE:CLX) shares. Shares for $2.05 million were sold by Mack Mary T. Shares for $499,108 were bought by SARGENT RONALD.

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