Manchester Capital Management Has Lifted Its Wells Fargo Co New (WFC) Stake; Diversified Restaurant Holdings (SAUC) Shorts Decreased By 50.51%

September 14, 2018 - By Rachel Eickhoff

Wells Fargo & Company (NYSE:WFC) Logo

Manchester Capital Management Llc increased Wells Fargo Co New (WFC) stake by 528.99% reported in 2018Q2 SEC filing. Manchester Capital Management Llc acquired 7,062 shares as Wells Fargo Co New (WFC)’s stock rose 1.41%. The Manchester Capital Management Llc holds 8,397 shares with $466,000 value, up from 1,335 last quarter. Wells Fargo Co New now has $265.90 billion valuation. The stock increased 0.38% or $0.21 during the last trading session, reaching $55.21. About 4.17M 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: 13/04/2018 – Wells Fargo beats first-quarter profit expectations but still faces big regulatory settlement; 20/04/2018 – WELLS FARGO & CO – ORDERS REQUIRE COMPANY TO PAY $1 BLN IN TOTAL CIVIL MONEY PENALTIES; 30/04/2018 – Voya Global Equity Adds PNC, Exits Wells Fargo, Cuts Oracle; 02/05/2018 – Wells Fargo Funds Management LLC Exits Position in Spark Energy; 07/05/2018 – Allegion at Wells Fargo Industrials Conference Tomorrow; 19/04/2018 – Wells Fargo & Company Annual Meeting of Shareholders; 08/05/2018 – Trinseo at Wells Fargo Industrials Conference Tomorrow; 05/04/2018 – TRIUMPH BANCORP INC TBK.O : WELLS FARGO CUTS TO MARKET PERFORM FROM OUTPERFORM; 23/04/2018 – Trinity Industries, Inc. Announces Notice of Redemption of 3; 19/04/2018 – Wells Fargo said to be target of $1 billion US fine

Diversified Restaurant Holdings Inc (NASDAQ:SAUC) had a decrease of 50.51% in short interest. SAUC’s SI was 86,800 shares in September as released by FINRA. Its down 50.51% from 175,400 shares previously. With 101,400 avg volume, 1 days are for Diversified Restaurant Holdings Inc (NASDAQ:SAUC)’s short sellers to cover SAUC’s short positions. The SI to Diversified Restaurant Holdings Inc’s float is 0.44%. The stock decreased 2.22% or $0.03 during the last trading session, reaching $1.32. About 938 shares traded. Diversified Restaurant Holdings, Inc. (NASDAQ:SAUC) has declined 40.18% since September 14, 2017 and is downtrending. It has underperformed by 55.80% the S&P500. Some Historical SAUC News: 08/03/2018 – DIVERSIFIED RESTAURANT HOLDINGS INC – QTRLY SHR LOSS $0.76; 08/05/2018 – Diversified Restaurant 1Q Rev $39.5M; 21/04/2018 – DJ Diversified Restaurant Holdings In, Inst Holders, 1Q 2018 (SAUC); 08/03/2018 Diversified Restaurant 4Q Rev $41.9M; 08/05/2018 – Diversified Restaurant 1Q EPS 1c; 08/03/2018 – Diversified Restaurant 4Q Loss/Shr 76c; 08/03/2018 – Diversified Restaurant 4Q Loss $20.3M

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: which released: “Banks mostly tone down expectations for Q3, but Wells Fargo delivers some good news” on September 14, 2018, also with their article: “Wells Fargo lays off 137 from Orlando mortgage operations” published on August 23, 2018, published: “Reuters: US regulators reject Wells Fargo’s plan to repay customers” on September 11, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: and their article: “Major Banks Scare Off Short Sellers” published on September 13, 2018 as well as‘s news article titled: “How Wells Fargo is trying to rebuild customer trust in Austin” with publication date: September 13, 2018.

Since May 24, 2018, it had 0 insider buys, and 2 insider sales for $7.27 million activity. $5.87 million worth of stock was sold by Modjtabai Avid on Tuesday, August 7. Pelos Petros G sold $1.40M worth of stock or 25,567 shares.

Investors sentiment increased to 0.72 in 2018 Q2. Its up 0.13, from 0.59 in 2018Q1. It improved, 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. Cetera Advisors Lc holds 29,152 shares. Confluence Inv holds 4,000 shares or 0% of its portfolio. Trexquant Inv Lp reported 80,568 shares or 0.31% of all its holdings. Jarislowsky Fraser, Quebec – Canada-based fund reported 3.18M shares. Gardner Russo And Gardner Ltd owns 12.27 million shares for 4.97% of their portfolio. Eagle Global Lc stated it has 121,251 shares. Alpine Woods Cap Ltd Llc reported 902,107 shares. Congress Asset Mngmt Company Ma accumulated 0% or 5,840 shares. 3,455 were accumulated by Old Second Comml Bank Of Aurora. Blue has 0.14% invested in Wells Fargo & Company (NYSE:WFC) for 4,617 shares. Boston Partners holds 21.22 million shares or 1.41% of its portfolio. 2.36M are held by Troy Asset Ltd. Intrust National Bank Na stated it has 0.43% in Wells Fargo & Company (NYSE:WFC). Seabridge Investment Advsr Ltd Liability Com, a New Jersey-based fund reported 120 shares. Gam Ag reported 0.21% stake.

Among 14 analysts covering Wells Fargo (NYSE:WFC), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Wells Fargo had 23 analyst reports since March 26, 2018 according to SRatingsIntel. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Friday, April 13 by Sandler O’Neill. The rating was maintained by Morgan Stanley on Monday, July 16 with “Equal-Weight”. The stock of Wells Fargo & Company (NYSE:WFC) earned “Hold” rating by BMO Capital Markets on Friday, April 13. The rating was maintained by Morgan Stanley on Monday, April 30 with “Underweight”. The firm has “Hold” rating by Susquehanna given on Monday, April 23. Wood upgraded the stock to “Outperform” rating in Monday, July 16 report. The firm has “Buy” rating given on Monday, March 26 by Robert W. Baird. As per Monday, April 30, the company rating was upgraded by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods on Wednesday, April 4 with “Hold”. Vining Sparks upgraded it to “Buy” rating and $68.5000 target in Friday, April 6 report.

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

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