Bridges Investment Management Claims $8.67 Million Holdings in Wells Fargo Company

Bridges Investment Management Claims $8.67 Million Holdings in Wells Fargo Company

The institutional investor held 84,200 shares of the commercial banks company at the end of 2016Q4, valued at $5.42M, down from 109,600 at the end of the previous reported quarter. The company has market cap of $255.44 billion. The stock increased 1.99% or $2.02 on September 13, reaching $103.67. About 748,736 shares traded. Computacenter plc (LON:CCC) has 0.00% since September 13, 2016 and is. Buckingham Research reiterated a "neutral" rating and issued a $62.00 price objective (up previously from $60.00) on shares of Wells Fargo & in a report on Monday, July 10th.

In recent trading day Wells Fargo & Company (WFC) stock showed the move of 2.18% with the closing price of $50.66. Bridges Investment Management holdings in Wells Fargo & were valued $8,672,000 during the latest fiscal quarter.

Wells Fargo Income Opportunities Fund, formerly Wells Fargo Advantage Income Opportunities Fund, is a diversified closed-end management investment company. The stock declined 0.48% or $0.24 reaching $51.33 on the news. About 10.97 million shares traded. 3M Co (NYSE:MMM) has risen 18.59% since September 12, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

Since March 21, 2017, it had 1 buy, and 6 selling transactions for $390.37 million activity. Shares for $1.04M were sold by Hardison Hope A. Shares for $1.04 million were sold by Loughlin Michael J. Shares for $383.92 million were sold by BERKSHIRE HATHAWAY INC. Another trade for 24,708 shares valued at $1.34 million was sold by Pelos Petros G. Dean Invest Limited Co has 132,818 shares for 1.25% of their portfolio.

Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Wells Fargo & Company has a 52-week low of $43.55 and a 52-week high of $58.02. Therefore 80% are positive.

WFC is now undervalued by -12.78% relative to the average 1-year price target of $58.08 taken from a group of Wall Street Analysts. Keefe, Bruyette & Woods set a $57.00 price objective on shares of Wells Fargo & Company and gave the company a "buy" rating in a research report on Thursday, October 13th. The stock has "Sell" rating by Raymond James on Tuesday, August 8. Beaufort Securities maintained the shares of VOG in report on Wednesday, April 20 with "Speculative Buy" rating. The rating was upgraded by Vetr on Wednesday, September 2 to "Strong-Buy".

Wells Fargo & Company (WFC) has a Return on Assets of 1.1 percent, Return on Investment of 7.9 percent and a Return on Equity of 11.6 percent. The original version of this article can be viewed at $499,108 worth of Wells Fargo & Co (NYSE:WFC) shares were bought by SARGENT RONALD. When investing in a volatile security, the risk of success is increased just as much as the risk of failure. Its up 0.12, from 0.76 in 2016Q3. 149 funds opened positions while 487 raised stakes.

Looking forward, the company's quarterly earnings are expected to come at -$0.18 in the three months through October 2017 and $0.61 in the quarter ending January 2018, reflecting -14.29% and -4.69% growth, respectively.

Wells Fargo & (NYSE:WFC) last released its earnings results on Friday, July 14th. Eidelman Virant accumulated 160,700 shares. 254,747 are held by Busey Tru. Wealthtrust stated it has 892 shares or 0.01% of all its holdings. 19,223 are held by Signalpoint Asset Limited Com. First Fiduciary Invest Counsel holds 4.58% or 433,928 shares. Manufacturers Life Insur The holds 12.73M shares. Deutsche Bank AG reiterated a "buy" rating on shares of Wells Fargo & in a research report on Monday, July 3rd. The ex-dividend date was Wed, Aug 2nd. this indicates a $1.56 dividend on a yearly basis and a payout of 3.08%. The New York-based Ny State Teachers Retirement System has invested 1.17% in Wells Fargo & Co (NYSE:WFC). CARROLL DAVID M also sold $1.47M worth of Wells Fargo & Co (NYSE:WFC) on Wednesday, March 22. Channing Cap Mngmt Limited Liability Company, a Illinois-based fund reported 139,414 shares. The total value of these holdings, in millions, is $189,127.

Investors sentiment increased to 1.22 in Q4 2016. The short ratio in the company's stock is documented at 1.62 and the short float is around of 0.58%. California Public Employees Retirement System accumulated 12.77 million shares. Financial Bank Of Mellon holds 0.72% or 45.65M shares. Janney Montgomery Scott Lc holds 821,866 shares. First Advisors Lp has invested 0.01% in Computacenter plc (LON:CCC). It also upped Ishares Tr (IWB) stake by 2,500 shares and now owns 19,806 shares. Atlas Browninc holds 9,173 shares. Joel Isaacson And Co Ltd Liability holds 0% or 921 shares in its portfolio.

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