As Wells Fargo & Co (WFC) Share Value Declined, Holder Schmidt P J Investment Management Cut Its Holding by $2.34 Million; Invesco Mortgage Capital (IVR) Valuation Declined While Globeflex Capital LP Trimmed Position by $416,398

August 10, 2018 - By Jacqueline McKee

Wells Fargo & Company (NYSE:WFC) Logo

Globeflex Capital LP decreased its stake in Invesco Mortgage Capital Inc (IVR) by 99.54% based on its latest 2018Q1 regulatory filing with the SEC. Globeflex Capital LP sold 24,494 shares as the company’s stock declined 0.49% with the market. The institutional investor held 113 shares of the real estate investment trusts company at the end of 2018Q1, valued at $2,000, down from 24,607 at the end of the previous reported quarter. Globeflex Capital LP who had been investing in Invesco Mortgage Capital Inc for a number of months, seems to be less bullish one the $1.83B market cap company. The stock increased 0.37% or $0.06 during the last trading session, reaching $16.14. About 407,974 shares traded. Invesco Mortgage Capital Inc. (NYSE:IVR) has declined 0.74% since August 10, 2017 and is downtrending. It has underperformed by 13.31% the S&P500. Some Historical IVR News: 26/03/2018 – Invesco Perpetual Enhanced Income Ltd: Dividend Declaration; 14/03/2018 – REG-Invesco Perp Sel Tst: Director Declaration; 03/05/2018 – INVESCO MORTGAGE 1Q ECONOMIC RETURN -4.2%; 03/04/2018 – REG-Invesco Inc Grth Tst: Directorate Change; 29/05/2018 – REG-Invesco RAFI EU Md: Net Asset Value(s); 08/05/2018 – MOVES-SVB Financial, UBS Wealth, BMO, Hermes Investment, Invesco; 29/05/2018 – Fitch Affirms VMTP Shares Issued by 10 Invesco Closed-End Funds at ‘AAA’; 03/04/2018 – Invesco Investment Trusts: Portfolio Update; 29/05/2018 – REG-Invesco Inc Grth Tst: Statement re Inside Information; 30/04/2018 – Invesco Perpetual Select Trust Plc: Conversion of Securities

Schmidt P J Investment Management Inc decreased its stake in Wells Fargo & Co (WFC) by 90.19% based on its latest 2018Q1 regulatory filing with the SEC. Schmidt P J Investment Management Inc sold 45,024 shares as the company’s stock declined 8.45% with the market. The institutional investor held 4,895 shares of the major banks company at the end of 2018Q1, valued at $257,000, down from 49,919 at the end of the previous reported quarter. Schmidt P J Investment Management Inc who had been investing in Wells Fargo & Co for a number of months, seems to be less bullish one the $281.46B market cap company. The stock decreased 0.54% or $0.32 during the last trading session, reaching $58.44. About 15.86 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since August 10, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: 24/04/2018 – WELLS FARGO & CO – SHAREHOLDERS ELECTED AS DIRECTORS 12 NOMINEES NAMED IN CO’S PROXY STATEMENT; 29/03/2018 – Wells Fargo’s Massive Home-Lending Arm Shuffles Top Lieutenants; 20/04/2018 – CFPB CONSENT ORDER SAYS WELLS FARGO AGREED TO SETTLE WITHOUT ADMITTING OR DENYING ANY OF THE FINDINGS OF FACT OR CONCLUSIONS OF LAW; 23/03/2018 – Wells Fargo Cleaning House as Probes Continue — Barrons.com; 04/04/2018 – Sen. Warren: Warren Calls on Fed Chairman Powell to Commit to a Public Vote on Wells Fargo’s Remediation Plans; 13/04/2018 – WELLS FARGO CFO JOHN SHREWSBERRY ENDS CALL WITH JOURNALISTS; 10/04/2018 – SOFTBANK CONTROL ISSUE W/ TMUS LIKELY STILL EXISTS: WELLS FARGO; 08/05/2018 – Curtiss-Wright at Wells Fargo Industrials Conference Tomorrow; 13/04/2018 – Wells Fargo Presenting at Conference Apr 13; 09/05/2018 – Moody’s Assigns Aa1/Vmig 1 To Tender Option Bond Trust (Wells Fargo Liq.) Floater Certificates, Series 2018-XM0638

Since February 23, 2018, it had 3 buys, and 0 sales for $1.04 million activity. $24,165 worth of Invesco Mortgage Capital Inc. (NYSE:IVR) was bought by Marshall Jason on Friday, February 23. On Tuesday, February 27 LOCKHART DENNIS P bought $988,000 worth of Invesco Mortgage Capital Inc. (NYSE:IVR) or 61,750 shares.

More recent Invesco Mortgage Capital Inc. (NYSE:IVR) news were published by: Seekingalpha.com which released: “Invesco Mortgage Capital: What Investors Need To Know” on August 10, 2018. Also Seekingalpha.com published the news titled: “Invesco Mortgage Capital Inc. (IVR) CEO John Anzalone on Q2 2018 Results – Earnings Call Transcript” on August 08, 2018. Streetinsider.com‘s news article titled: “Invesco Mortage Capital (IVR) Misses Q2 EPS by 3c” with publication date: August 07, 2018 was also an interesting one.

Globeflex Capital L P, which manages about $3.98B and $472.58 million US Long portfolio, upped its stake in Smart Global Holdings Ord by 14,214 shares to 50,037 shares, valued at $2.49 million in 2018Q1, according to the filing. It also increased its holding in Synnex Corp (NYSE:SNX) by 4,391 shares in the quarter, for a total of 22,303 shares, and has risen its stake in Nrg Energy Inc (NYSE:NRG).

Investors sentiment decreased to 1.15 in Q1 2018. Its down 0.44, from 1.59 in 2017Q4. It dropped, as 23 investors sold IVR shares while 57 reduced holdings. 30 funds opened positions while 62 raised stakes. 71.84 million shares or 2.32% less from 73.54 million shares in 2017Q4 were reported. Sg Americas Lc has invested 0% in Invesco Mortgage Capital Inc. (NYSE:IVR). Stratos Wealth Ltd holds 0% or 4,446 shares. Mckinley Capital Management Ltd Liability Delaware reported 50,493 shares or 0.05% of all its holdings. Chicago Equity Prns invested in 436,965 shares or 0.23% of the stock. Private Advisor Gp Incorporated Ltd Liability reported 0.02% in Invesco Mortgage Capital Inc. (NYSE:IVR). Hancock Holdg has invested 0.06% of its portfolio in Invesco Mortgage Capital Inc. (NYSE:IVR). Wellington Grp Incorporated Llp holds 285,575 shares or 0% of its portfolio. Wolverine Asset Lc invested in 369,160 shares. Rothschild Asset Management holds 287,050 shares or 0.05% of its portfolio. Cwm Ltd Liability has 787 shares for 0% of their portfolio. Creative Planning holds 0% or 53,913 shares in its portfolio. Royal Financial Bank Of Canada reported 0% in Invesco Mortgage Capital Inc. (NYSE:IVR). American Intl Inc owns 71,903 shares for 0% of their portfolio. State Of Tennessee Treasury Department reported 0.01% in Invesco Mortgage Capital Inc. (NYSE:IVR). Qs Limited Liability Corp reported 0% in Invesco Mortgage Capital Inc. (NYSE:IVR).

Among 9 analysts covering INVESCO MORTGAGE CAPITAL INC (NYSE:IVR), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. INVESCO MORTGAGE CAPITAL INC had 27 analyst reports since August 11, 2015 according to SRatingsIntel. The company was downgraded on Friday, February 24 by Instinet. As per Thursday, January 25, the company rating was downgraded by Credit Suisse. The rating was maintained by Wood with “Outperform” on Tuesday, August 9. The stock of Invesco Mortgage Capital Inc. (NYSE:IVR) earned “Buy” rating by Keefe Bruyette & Woods on Monday, July 17. On Wednesday, August 19 the stock rating was maintained by Wood with “Outperform”. Nomura upgraded the shares of IVR in report on Wednesday, May 18 to “Buy” rating. The firm has “Buy” rating by Bank of America given on Tuesday, August 11. The stock has “Market Perform” rating by Wells Fargo on Monday, April 11. The firm has “Hold” rating given on Wednesday, June 28 by Keefe Bruyette & Woods. The stock of Invesco Mortgage Capital Inc. (NYSE:IVR) earned “Buy” rating by Wunderlich on Thursday, November 5.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 18 have Buy rating, 7 Sell and 14 Hold. Therefore 46% are positive. Wells Fargo & Company had 153 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Hold” rating by BMO Capital Markets given on Friday, October 6. The firm earned “Hold” rating on Friday, October 13 by BMO Capital Markets. The firm earned “Neutral” rating on Thursday, December 1 by Susquehanna. The stock has “Underweight” rating by JP Morgan on Monday, February 5. The stock of Wells Fargo & Company (NYSE:WFC) has “Hold” rating given on Wednesday, January 18 by Argus Research. The rating was downgraded by Guggenheim to “Neutral” on Tuesday, November 15. The rating was upgraded by Evercore to “Buy” on Tuesday, September 8. The firm has “Hold” rating by Berenberg given on Wednesday, July 13. The stock of Wells Fargo & Company (NYSE:WFC) earned “Hold” rating by Susquehanna on Friday, April 13. As per Sunday, February 4, the company rating was maintained by Susquehanna.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on October, 12. They expect $1.17 EPS, up 12.50% or $0.13 from last year’s $1.04 per share. WFC’s profit will be $5.63 billion for 12.49 P/E if the $1.17 EPS becomes a reality. After $1.08 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 8.33% EPS growth.

Schmidt P J Investment Management Inc, which manages about $434.11M and $341.89M US Long portfolio, upped its stake in 3M Co (NYSE:MMM) by 2,300 shares to 6,956 shares, valued at $1.53M in 2018Q1, according to the filing. It also increased its holding in Mondelez Intl Inc Cl A (NASDAQ:MDLZ) by 39,882 shares in the quarter, for a total of 62,218 shares, and has risen its stake in Unitedhealth Group Inc (NYSE:UNH).

Since May 24, 2018, it had 0 insider purchases, and 1 insider sale for $1.40 million activity.

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

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