ibusinesslines.com March 20, 2018

Hodges Capital Management Inc. Sells 14698 Shares of Wells Fargo & Co

13 January 2018, 06:58 | Jodi Jackson

Wells Fargo earnings: $1.16 a share, vs $1.07 EPS estimate

A Wells Fargo branch in New York on Jan. 5 2018

Wells Fargo & Co has a twelve month low of $49.27 and a twelve month high of $63.67. The shares were sold at an average price of $56.47, for a total value of $5,477,590.00. It has underperformed by 7.03% the S&P500.

Richard Barrera increased its stake in Mellanox Technologies Ltd (MLNX) by 81.94% based on its latest 2017Q3 regulatory filing with the SEC. The stock has a market cap of 10.65 Billion. Still, it's trading at a multiple of 2 times its tangible book value, despite delivering full-year return on assets of 1.15 percent and return on equity of 11.35 percent (both at the lower-end of the bank's targeted range). Ne for a number of months, seems to be less bullish one the $308.40B market cap company. Courier Capital LLC now owns 38,222 shares of the financial services provider's stock valued at $2,118,000 after purchasing an additional 137 shares in the last quarter. About 458,738 shares traded. It has outperformed by 222.30% the S&P500.

Investors sentiment increased to 1.16 in Q3 2017. Its down 0.15, from 0.88 in 2017Q2. It turned negative, as 40 investors sold WB shares while 48 reduced holdings. 36 funds opened positions while 126 raised stakes. Old Point Fincl Services N A reported 18,959 shares. Eubel Brady & Suttman Asset Mngmt Inc stated it has 218,936 shares. (NASDAQ:COMM). Nordea Investment holds 0% in CommScope Holding Company, Inc.

Earlier, JPMorgan & Chase reported a decline in quarterly GAAP profit, hurt by a one-time repatriation charge under the new tax law. (NASDAQ:PEP) for 1.04M shares. Dean Assoc Limited Liability Company accumulated 33,627 shares. American International Gru holds 1,448 shares or 0% of its portfolio. Finally, Vertical Group assumed coverage on Wells Fargo & Co in a research report on Friday, October 6th. Hedge funds and other institutional investors own 73.74% of the company's stock. Psagot House Limited has 5,647 shares. Kidder Stephen W invested in 0.2% or 9,850 shares. Sg Americas Securities Ltd Limited Liability Company reported 27,596 shares. Moreover, Rhumbline Advisers has 0.1% invested in Autodesk, Inc. The New York-based Jefferies Group Limited Liability Corp has invested 0.17% in Pepsico, Inc. (NASDAQ:ADSK). 3,249 are held by Oppenheimer And. Whittier Com holds 1.18% or 289,947 shares. Homrich And Berg invested in 6,805 shares.

Analysts await AutoZone, Inc.

Among 12 analysts covering CommScope Holding (NASDAQ:COMM), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. The firm earned "Hold" rating on Thursday, January 4 by Susquehanna. The firm has "Buy" rating given on Wednesday, November 29 by Robert W. Baird. Wells Fargo maintained Pepsico, Inc. Wells Fargo & Co has an average rating of "Hold" and a consensus target price of $61.02. UBS maintained it with "Sell" rating and $44 target in Thursday, September 15 report. Drexel Hamilton initiated the stock with "Buy" rating in Friday, July 24 report.

Economists like Stanley, who expects the corporate tax cut to lift wages over time, think it will happen indirectly as companies channel their tax savings into machinery, computers and software, making workers productive and leading to higher pay. The stock has "Buy" rating by Goldman Sachs on Monday, January 11. Abrams Ltd Partnership reported 3.34M shares or 7.19% of all its holdings. Plancorp LLC boosted its stake in Wells Fargo & Company by 10.4% in the third quarter. $2.05M worth of AutoZone, Inc. The stock had a trading volume of 22,070,000 shares, compared to its average volume of 20,630,000.

Wells Fargo & Co (NYSE:WFC) released its Q4 2017 earnings results before opening bell this morning. Therefore 47% are positive.

Despite the poor revenue report for the quarter, Wells Fargo and Co's earnings per share were a plus at $1.16. The rating was maintained by BMO Capital Markets with "Hold" on Friday, July 14. The stock of Mattersight Corporation (NASDAQ:MATR) has "Buy" rating given on Thursday, November 5 by Lake Street. Evercore ISI reaffirmed a "buy" rating and set a $58.00 price objective on shares of Wells Fargo & Company in a research report on Thursday, December 15th. Sandler O'Neill downgraded the shares of WFC in report on Monday, April 11 to "Hold" rating. The firm has "Neutral" rating given on Wednesday, April 26 by Guggenheim. JP Morgan reinitiated Weibo Corporation (NASDAQ:WB) on Wednesday, August 31 with "Overweight" rating. The firm has "Hold" rating by Jefferies given on Friday, August 11. Northland Capital has "Market Perform" rating and $22 target.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.12, from 1.23 in 2017Q2. It worsened, as 92 investors sold WFC shares while 725 reduced holdings. 30 funds opened positions while 78 raised stakes.

One Capital Management Llc, which manages about $676.36M and $480.74 million US Long portfolio, upped its stake in Wisdomtree Tr (DIM) by 6,650 shares to 186,367 shares, valued at $12.36M in 2017Q3, according to the filing. Pennsylvania Tru Communication accumulated 186,740 shares. Farmers Bank reported 13,188 shares. Prentiss Smith Inc holds 19,106 shares. Tukman Grossman Mngmt owns 161,536 shares.

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