Private Wealth Partners Has Trimmed Wells Fargo Co New (WFC) Stake; Doubleline Income Solutions Fund Has 1.84 Sentiment

April 25, 2018 - By Nellie Frank

Wells Fargo & Company (NYSE:WFC) Logo

Doubleline Income Solutions Fund (DSL) investors sentiment increased to 1.84 in Q4 2017. It’s up 0.56, from 1.28 in 2017Q3. The ratio increased, as 59 hedge funds increased and started new stock positions, while 32 decreased and sold holdings in Doubleline Income Solutions Fund. The hedge funds in our database now possess: 18.19 million shares, up from 17.30 million shares in 2017Q3. Also, the number of hedge funds holding Doubleline Income Solutions Fund in top ten stock positions was flat from 2 to 2 for the same number . Sold All: 12 Reduced: 20 Increased: 44 New Position: 15.

Private Wealth Partners Llc decreased Wells Fargo Co New (WFC) stake by 67.27% reported in 2017Q4 SEC filing. Private Wealth Partners Llc sold 12,305 shares as Wells Fargo Co New (WFC)’s stock declined 16.98%. The Private Wealth Partners Llc holds 5,986 shares with $363,000 value, down from 18,291 last quarter. Wells Fargo Co New now has $255.93 billion valuation. The stock decreased 0.19% or $0.1 during the last trading session, reaching $52.51. About 23.05 million shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 25, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 9 Sell and 15 Hold. Therefore 38% are positive. Wells Fargo & Company had 146 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was upgraded by Robert W. Baird on Monday, September 19 to “Outperform”. The stock has “Buy” rating by Vining Sparks on Friday, April 6. On Thursday, January 7 the stock rating was upgraded by Citigroup to “Buy”. Deutsche Bank maintained Wells Fargo & Company (NYSE:WFC) rating on Thursday, September 22. Deutsche Bank has “Buy” rating and $50 target. Sandler O’Neill maintained the stock with “Buy” rating in Thursday, March 29 report. As per Friday, July 14, the company rating was maintained by BMO Capital Markets. The stock of Wells Fargo & Company (NYSE:WFC) earned “Hold” rating by Jefferies on Friday, August 11. On Tuesday, January 2 the stock rating was maintained by Robert W. Baird with “Buy”. The rating was maintained by Morgan Stanley with “Underweight” on Monday, April 16. The company was maintained on Thursday, September 28 by Nomura.

Investors sentiment increased to 0.75 in 2017 Q4. Its up 0.02, from 0.73 in 2017Q3. It increased, 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. Intersect Limited Liability Com stated it has 1.68% of its portfolio in Wells Fargo & Company (NYSE:WFC). Factory Mutual holds 1.39% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 2.19M shares. Telemus Capital Lc has invested 0.25% in Wells Fargo & Company (NYSE:WFC). 30.52 million are owned by Ameriprise Fin. Price T Rowe Assocs Md reported 70.15M shares. Schafer Cullen Cap Inc reported 2.46 million shares. Oppenheimer Asset Mngmt holds 0.73% or 496,260 shares. Pzena Investment Mngmt Limited Company stated it has 2.03% in Wells Fargo & Company (NYSE:WFC). Palisade Mngmt Ltd Liability Corp Nj accumulated 6,100 shares. Avenir Corporation reported 0.3% stake. The Japan-based Mitsubishi Ufj Secs Company Limited has invested 0.24% in Wells Fargo & Company (NYSE:WFC). Greenwood Gearhart Inc holds 2.03% or 105,232 shares. Wealthtrust Fairport Limited Com holds 110,851 shares. M&T Fincl Bank Corporation reported 1.60M shares. Stearns Fincl Group reported 29,197 shares.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.17 EPS, up 9.35% or $0.10 from last year’s $1.07 per share. WFC’s profit will be $5.70 billion for 11.22 P/E if the $1.17 EPS becomes a reality. After $1.12 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 4.46% EPS growth.

Since November 17, 2017, it had 0 buys, and 1 sale for $292,234 activity. Codel Franklin R sold 5,393 shares worth $292,234.

Private Wealth Partners Llc increased Visa Inc (NYSE:V) stake by 5,828 shares to 184,788 valued at $21.07M in 2017Q4. It also upped Boston Scientific Corp (NYSE:BSX) stake by 76,525 shares and now owns 286,395 shares. Thermo Fisher Scientific Inc (NYSE:TMO) was raised too.

Mcgowan Group Asset Management Inc. holds 6.51% of its portfolio in DoubleLine Income Solutions Fund for 2.00 million shares. Penn Mutual Life Insurance Co owns 236,000 shares or 4.83% of their US portfolio. Moreover, Shaker Financial Services Llc has 1.93% invested in the company for 201,900 shares. The Florida-based Thomas J. Herzfeld Advisors Inc. has invested 1.91% in the stock. Cedar Hill Associates Llc, a Illinois-based fund reported 496,040 shares.

The stock decreased 0.25% or $0.05 during the last trading session, reaching $20.17. About 232,948 shares traded. DoubleLine Income Solutions Fund (DSL) has risen 1.06% since April 25, 2017 and is uptrending. It has underperformed by 10.49% the S&P500.

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

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