Gabelli Securities Has Lifted Hrg Group Com (HRG) Position by $4.76 Million; Stock Were Volatile; Neville Rodie & Shaw Cut Its Wells Fargo (WFC) Position as Share Price Rose

September 14, 2018 - By Ashley Bratcher

Wells Fargo & Company (NYSE:WFC) Logo

Gabelli Securities Inc increased its stake in Hrg Group Inc Com (HRG) by 100.32% based on its latest 2018Q2 regulatory filing with the SEC. Gabelli Securities Inc bought 366,389 shares as the company’s stock 0.00% . The hedge fund held 731,605 shares of the miscellaneous company at the end of 2018Q2, valued at $9.58M, up from 365,216 at the end of the previous reported quarter. Gabelli Securities Inc who had been investing in Hrg Group Inc Com for a number of months, seems to be bullish on the $16.76B market cap company. The stock decreased 0.96% or $0.13 during the last trading session, reaching $82.56. About 5.04M shares traded or 202.62% up from the average. Spectrum Brands Holdings, Inc. (NYSE:HRG) has 0.00% since September 14, 2017 and is . It has underperformed by 15.62% the S&P500. Some Historical HRG News: 04/05/2018 – HRG Group 2Q Loss/Shr 18c; 04/05/2018 – HRG GROUP 2Q REV. $766.1M; 29/03/2018 – HRG Group Closes Above 200-Day Moving Average: Technicals; 29/03/2018 – HRG Group Advances Most in More Than Five Years; 21/04/2018 – DJ HRG Group Inc, Inst Holders, 1Q 2018 (HRG); 15/05/2018 – Indaba Capital Management Exits Position in HRG Group; 26/04/2018 – HRG Group Declines Most in More Than Five Years; 25/04/2018 – Harbinger eDiscovery Launches New Version of Web-Based eDiscovery Platform with a 10-Fold Improvement in Performance; 19/04/2018 – Report: Exploring Fundamental Drivers Behind Skyworks Solutions, Warrior Met Coal, ORBCOMM, SiteOne Landscape Supply, HRG Group; 04/05/2018 – HRG GROUP 2Q LOSS/SHR CONT OPS 18C

Neville Rodie & Shaw Inc decreased its stake in Wells Fargo (WFC) by 14.82% based on its latest 2018Q2 regulatory filing with the SEC. Neville Rodie & Shaw Inc sold 32,416 shares as the company’s stock rose 1.41% with the market. The institutional investor held 186,354 shares of the major banks company at the end of 2018Q2, valued at $10.33M, down from 218,770 at the end of the previous reported quarter. Neville Rodie & Shaw Inc who had been investing in Wells Fargo for a number of months, seems to be less bullish one the $265.14B market cap company. The stock increased 0.10% or $0.053 during the last trading session, reaching $55.053. About 5.07 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 8.47% since September 14, 2017 and is uptrending. It has underperformed by 7.15% the S&P500. Some Historical WFC News: 26/04/2018 – AGCO Presenting at Wells Fargo Industrials Conference May 9; 14/05/2018 – OWENS CORNING OC.N : WELLS FARGO CUTS TO MARKET PERFORM FROM OUTPERFORM – TRADER; 09/04/2018 – BusinessInsurnce: Consumer watchdog seeks record fine against Wells Fargo for abuses; 22/04/2018 – Wells Fargo Could Face Another Enforcement Action If It Misses June 30 OCC Deadline; 08/03/2018 – Mass. Secretary Galvin Opens Investigation Into Wells Fargo Advisors; 20/04/2018 – Wells Fargo Said to Be Fined $1 Billion Over Consumer Missteps; 23/05/2018 – Elizabeth Campbell: #MUNILAND SCOOP: Wells Fargo dismisses bankers in struggling muni-bond division; 20/04/2018 – Correction to Wells Fargo Headline About Settlement; 05/04/2018 – WELLS FARGO ALREADY FACES MULTIPLE PROBES OVER FAKE ACCOUNTS; 01/05/2018 – Markets Question Earnings Growth, Says Wells Fargo’s McMillion (Video)

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Bizjournals.com which released: “Wells Fargo lays off 137 from Orlando mortgage operations” on August 23, 2018, also Livetradingnews.com with their article: “Wells Fargo & Company (NYSE:WFC) Wells Fargo can’t wake up from the nightmare” published on September 10, 2018, Seekingalpha.com published: “Banks mostly tone down expectations for Q3, but Wells Fargo delivers some good news” on September 14, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: 247Wallst.com and their article: “Major Banks Scare Off Short Sellers” published on September 13, 2018 as well as Bizjournals.com‘s news article titled: “Charlotte Chamber, Regional Partnership near merger; CEO search planned” with publication date: September 14, 2018.

Neville Rodie & Shaw Inc, which manages about $1.50 billion and $948.06M US Long portfolio, upped its stake in International Paper Co (NYSE:IP) by 28,375 shares to 65,900 shares, valued at $3.43M in 2018Q2, according to the filing. It also increased its holding in Schlumberger Ltd (NYSE:SLB) by 6,350 shares in the quarter, for a total of 126,162 shares, and has risen its stake in J P Morgan Chase & Co (NYSE:JPM).

Since May 24, 2018, it had 0 insider purchases, and 2 sales for $7.27 million activity. Modjtabai Avid sold $5.87 million worth of stock or 100,000 shares.

Investors sentiment increased to 0.72 in Q2 2018. Its up 0.13, from 0.59 in 2018Q1. It increased, as 69 investors sold WFC shares while 705 reduced holdings. 113 funds opened positions while 443 raised stakes. 3.60 billion shares or 0.58% less from 3.62 billion shares in 2018Q1 were reported. Barbara Oil owns 1.07% invested in Wells Fargo & Company (NYSE:WFC) for 30,000 shares. Amica Retiree Medical Trust reported 30,412 shares stake. Amica Mutual Insurance owns 1.4% invested in Wells Fargo & Company (NYSE:WFC) for 209,247 shares. Orca Mngmt Ltd Liability Corp stated it has 1.29% of its portfolio in Wells Fargo & Company (NYSE:WFC). Clifford Swan Investment Counsel Limited Liability Corporation has 807,318 shares. Hgk Asset Management stated it has 2.01% in Wells Fargo & Company (NYSE:WFC). Etrade Capital Mgmt Ltd Llc accumulated 131,962 shares. Private Ocean Ltd Co owns 0.14% invested in Wells Fargo & Company (NYSE:WFC) for 5,394 shares. Wallace Capital Management Inc invested in 0.06% or 7,849 shares. Litman Gregory Asset Ltd Liability Company holds 700 shares or 0.02% of its portfolio. Stock Yards National Bank & Tru has 40,868 shares. Aperio Gp Ltd Liability Corp invested in 0.52% or 1.94 million shares. Creative Planning holds 0.12% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 566,234 shares. Michigan-based Clarkston Capital Prtnrs Limited Liability has invested 0.01% in Wells Fargo & Company (NYSE:WFC). Trust Asset Management Limited Liability Com stated it has 0.06% in Wells Fargo & Company (NYSE:WFC).

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on October, 12. They expect $1.17 earnings per share, up 12.50% or $0.13 from last year’s $1.04 per share. WFC’s profit will be $5.63 billion for 11.76 P/E if the $1.17 EPS becomes a reality. After $1.08 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 8.33% EPS growth.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 7 Sell and 15 Hold. Therefore 44% are positive. Wells Fargo & Company had 154 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Underweight” rating on Friday, April 15 by Piper Jaffray. The firm earned “Outperform” rating on Monday, April 30 by Macquarie Research. On Thursday, September 15 the stock rating was maintained by UBS with “Sell”. Evercore maintained Wells Fargo & Company (NYSE:WFC) rating on Wednesday, April 19. Evercore has “Outperform” rating and $64 target. The company was upgraded on Tuesday, September 20 by Morgan Stanley. Keefe Bruyette & Woods maintained Wells Fargo & Company (NYSE:WFC) rating on Friday, August 25. Keefe Bruyette & Woods has “Buy” rating and $61.0 target. The stock of Wells Fargo & Company (NYSE:WFC) has “Underweight” rating given on Monday, April 16 by Morgan Stanley. The stock has “Strong-Buy” rating by Vetr on Wednesday, September 2. The company was upgraded on Thursday, April 5 by UBS. The firm has “Neutral” rating given on Wednesday, January 11 by UBS.

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

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