Estabrook Capital Management Has Cut Wells Fargo New (WFC) Stake By $172.01 Million; Shorts at TOPDANMARK AS UNSPONSORED ADR DENMARK (TPDKY) Lowered By 44.07%

June 17, 2018 - By Marguerite Chambers

Wells Fargo & Company (NYSE:WFC) Logo

TOPDANMARK AS UNSPONSORED ADR DENMARK (OTCMKTS:TPDKY) had a decrease of 44.07% in short interest. TPDKY’s SI was 3,300 shares in June as released by FINRA. Its down 44.07% from 5,900 shares previously. With 1,100 avg volume, 3 days are for TOPDANMARK AS UNSPONSORED ADR DENMARK (OTCMKTS:TPDKY)’s short sellers to cover TPDKY’s short positions. The stock decreased 1.06% or $0.05 during the last trading session, reaching $4.54. About 880 shares traded. Topdanmark A/S (OTCMKTS:TPDKY) has 0.00% since June 17, 2017 and is . It has underperformed by 12.57% the S&P500.

Estabrook Capital Management decreased Wells Fargo New (WFC) stake by 2.23% reported in 2018Q1 SEC filing. Estabrook Capital Management sold 3,282 shares as Wells Fargo New (WFC)’s stock declined 8.45%. The Estabrook Capital Management holds 143,894 shares with $7.54B value, down from 147,176 last quarter. Wells Fargo New now has $267.91 billion valuation. The stock increased 0.44% or $0.24 during the last trading session, reaching $54.98. About 35.72M shares traded or 82.48% up from the average. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since June 17, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: ; 13/04/2018 – WELLS FARGO EARNINGS CONFERENCE CALL CONCLUDES; 19/04/2018 – Wells Fargo Close to Settling Risk Management Claims With Regulators; 07/03/2018 – Wells Fargo Enterprise Global Services Announces One-of-a-Kind Career Program for Women Returning to Workforce; 12/03/2018 – Abbot Downing Launches Institute for Family Culture With Focus on Family Business Transitions and Social Impact Analysis; 07/05/2018 – Buffett: Don’t Get Smug About Wells Fargo Troubles — Barrons.com; 26/04/2018 – AerCap Holdings at Wells Fargo Industrials Conference May 9; 20/04/2018 – Wells Fargo agrees to pay $1 bln to settle customer abuses; 16/03/2018 – Wells Fargo Closes Below 200-Day Moving Average: Technicals; 26/04/2018 – Emma: Exclusive: Wells Fargo loses teachers union AFT over ties to NRA, guns; 13/04/2018 – WELLS FARGO WANTS CONGRESS TO CREATE LEGISLATIVE SOLUTION FOR DEALING WITH GUNMAKERS -CFO JOHN SHREWSBERRY

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold. Therefore 44% are positive. Wells Fargo & Company had 149 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Thursday, March 29 by Sandler O’Neill. The stock of Wells Fargo & Company (NYSE:WFC) earned “Sell” rating by UBS on Thursday, March 24. The stock of Wells Fargo & Company (NYSE:WFC) earned “Hold” rating by Jefferies on Thursday, February 8. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Tuesday, September 8 by Deutsche Bank. The firm has “Hold” rating given on Friday, April 13 by Susquehanna. The firm has “Hold” rating by Keefe Bruyette & Woods given on Sunday, April 15. Evercore maintained Wells Fargo & Company (NYSE:WFC) rating on Wednesday, April 12. Evercore has “Outperform” rating and $64 target. Credit Suisse downgraded the stock to “Neutral” rating in Thursday, February 16 report. The company was maintained on Friday, October 16 by RBC Capital Markets. On Wednesday, January 20 the stock rating was upgraded by Susquehanna to “Positive”.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Fool.com which released: “How Wells Fargo Is Following in Bank of America’s Footsteps” on June 11, 2018, also Fool.com with their article: “Is Wells Fargo & Company a Buy?” published on June 15, 2018, Seekingalpha.com published: “Wells Fargo: Only Buy On Weakness” on May 26, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Seekingalpha.com and their article: “Wells Fargo: Value And Longevity” published on May 21, 2018 as well as Fool.com‘s news article titled: “Why Wells Fargo Is Leaving the Midwest Behind” with publication date: June 06, 2018.

Estabrook Capital Management increased Mosaic Co New Com (NYSE:MOS) stake by 2,490 shares to 3,000 valued at $72.84 million in 2018Q1. It also upped United Technologies Corp. (NYSE:UTX) stake by 1,045 shares and now owns 17,754 shares. Schlumberger (NYSE:SLB) was raised too.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 earnings per share, up 4.67% or $0.05 from last year’s $1.07 per share. WFC’s profit will be $5.46B for 12.27 P/E if the $1.12 EPS becomes a reality. After $1.12 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 0.59 in 2018 Q1. Its down 0.16, from 0.75 in 2017Q4. It is negative, as 108 investors sold WFC shares while 790 reduced holdings. 122 funds opened positions while 412 raised stakes. 3.62 billion shares or 0.62% less from 3.64 billion shares in 2017Q4 were reported. Moreover, Patten Patten Tn has 0.66% invested in Wells Fargo & Company (NYSE:WFC) for 122,447 shares. 15.32 million are owned by Hotchkis & Wiley Capital Mngmt Ltd Liability Com. Maine-based Davis R M has invested 0.38% in Wells Fargo & Company (NYSE:WFC). Addison Capital reported 40,489 shares. 11,519 were accumulated by Summit Asset Mngmt Limited Liability. Cls Investments Ltd Liability Corporation holds 0% or 2,286 shares in its portfolio. 1.12 million were reported by River Road Asset Mgmt Limited Liability Com. Moreover, Rothschild Investment Il has 0.16% invested in Wells Fargo & Company (NYSE:WFC) for 24,139 shares. Logan Cap Management Inc invested in 16,859 shares or 0.06% of the stock. Regal Investment Advisors Llc stated it has 36,130 shares or 0.42% of all its holdings. Court Place Advsr Limited accumulated 20,539 shares. Sprucegrove Invest Management Limited holds 551,760 shares or 1.77% of its portfolio. Fire Group Inc Inc owns 255,086 shares. Metropolitan Life Ins Ny has invested 0% in Wells Fargo & Company (NYSE:WFC). Blue Edge Cap Lc holds 0% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 22,856 shares.

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

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