Fairfield Bush & Company Holding in Wells Fargo & Co (WFC) Lifted as Share Price Declined; Capital International Cut Holding in Incyte (INCY) by $756,230 as Stock Value Declined

May 25, 2018 - By David Stenberg

Wells Fargo & Company (NYSE:WFC) Logo

Capital International Inc decreased its stake in Incyte Corp (INCY) by 10.6% based on its latest 2017Q4 regulatory filing with the SEC. Capital International Inc sold 8,045 shares as the company’s stock declined 11.25% with the market. The institutional investor held 67,842 shares of the commercial physical & biological resarch company at the end of 2017Q4, valued at $6.43 million, down from 75,887 at the end of the previous reported quarter. Capital International Inc who had been investing in Incyte Corp for a number of months, seems to be less bullish one the $14.51B market cap company. The stock increased 2.67% or $1.78 during the last trading session, reaching $68.45. About 1.22 million shares traded. Incyte Corporation (NASDAQ:INCY) has declined 39.22% since May 25, 2017 and is downtrending. It has underperformed by 50.77% the S&P500.

Fairfield Bush & Company increased its stake in Wells Fargo & Co (WFC) by 6.77% based on its latest 2017Q4 regulatory filing with the SEC. Fairfield Bush & Company bought 8,838 shares as the company’s stock declined 16.98% with the market. The institutional investor held 139,366 shares of the major banks company at the end of 2017Q4, valued at $8.46M, up from 130,528 at the end of the previous reported quarter. Fairfield Bush & Company who had been investing in Wells Fargo & Co for a number of months, seems to be bullish on the $267.76 billion market cap company. The stock increased 0.51% or $0.28 during the last trading session, reaching $54.95. About 15.76 million shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since May 25, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Among 27 analysts covering Incyte (NASDAQ:INCY), 20 have Buy rating, 0 Sell and 7 Hold. Therefore 74% are positive. Incyte had 91 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Tuesday, October 6 by Nomura. The firm earned “Outperform” rating on Monday, January 23 by Credit Suisse. As per Wednesday, November 1, the company rating was maintained by BMO Capital Markets. The rating was initiated by Barclays Capital on Thursday, August 13 with “Overweight”. As per Tuesday, August 18, the company rating was downgraded by Vetr. BMO Capital Markets maintained the stock with “Buy” rating in Monday, June 5 report. The rating was maintained by Barclays Capital with “Overweight” on Thursday, April 5. Argus Research maintained it with “Buy” rating and $135 target in Tuesday, August 18 report. The stock of Incyte Corporation (NASDAQ:INCY) has “Buy” rating given on Wednesday, August 30 by Jefferies. The rating was upgraded by Raymond James to “Outperform” on Thursday, September 29.

Investors sentiment increased to 1.06 in 2017 Q4. Its up 0.02, from 1.04 in 2017Q3. It is positive, as 59 investors sold INCY shares while 141 reduced holdings. 59 funds opened positions while 153 raised stakes. 191.73 million shares or 1.46% more from 188.97 million shares in 2017Q3 were reported. Westpac Bk owns 10,605 shares. Kistler has invested 0% in Incyte Corporation (NASDAQ:INCY). Robeco Institutional Asset Mngmt Bv accumulated 7,134 shares. Advantus Mgmt Incorporated holds 17,977 shares. Liberty Mutual Group Asset holds 0.02% or 6,805 shares. Rampart Inv Limited owns 2,123 shares for 0.08% of their portfolio. Michigan-based Greenleaf Trust has invested 0% in Incyte Corporation (NASDAQ:INCY). Panagora Asset Management has 250,369 shares. Lincoln Natl Corp has 0.01% invested in Incyte Corporation (NASDAQ:INCY). Tobam holds 0.08% or 20,661 shares. Advent Cap De holds 0.07% or 39,500 shares. Synovus Fincl invested in 10,266 shares or 0.02% of the stock. Bluemountain Capital Management Limited Liability holds 18,528 shares. Peak6 Investments Lp holds 90,209 shares or 0.04% of its portfolio. Oregon Public Employees Retirement Fund holds 0.03% in Incyte Corporation (NASDAQ:INCY) or 18,105 shares.

Analysts await Incyte Corporation (NASDAQ:INCY) to report earnings on August, 7. They expect $-0.06 earnings per share, 0.00% or $0.00 from last year’s $-0.06 per share. After $-0.18 actual earnings per share reported by Incyte Corporation for the previous quarter, Wall Street now forecasts -66.67% EPS growth.

Capital International Inc, which manages about $18.21 billion and $672.30 million US Long portfolio, upped its stake in Icici Bank Ltd Adr (NYSE:IBN) by 681,700 shares to 2.50 million shares, valued at $24.37 million in 2017Q4, according to the filing. It also increased its holding in Abbvie Inc (NYSE:ABBV) by 16,900 shares in the quarter, for a total of 20,800 shares, and has risen its stake in Northrop Grumman Corp (NYSE:NOC).

More recent Incyte Corporation (NASDAQ:INCY) news were published by: Seekingalpha.com which released: “Shopify Cannot Be Killed Easily – Cramer’s Lightning Round (5/23/18)” on May 24, 2018. Also Nasdaq.com published the news titled: “3 Cheap Growth Stocks With Upside Catalysts” on May 21, 2018. Bizjournals.com‘s news article titled: “Big Peninsula biotech buyout means happy returns for Kleiner Perkins, other VCs” with publication date: May 10, 2018 was also an interesting one.

Since January 5, 2018, it had 1 buy, and 4 selling transactions for $5.08 million activity. Huber Reid M had sold 1,958 shares worth $167,507 on Tuesday, February 20. GRYSKA DAVID W had sold 6,760 shares worth $668,361. On Monday, April 30 the insider SWAIN PAULA J sold $4.99M.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold. Therefore 44% are positive. Wells Fargo & Company had 149 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Buy” rating by Keefe Bruyette & Woods on Monday, April 30. On Wednesday, April 6 the stock rating was downgraded by Guggenheim to “Neutral”. The rating was maintained by BMO Capital Markets on Wednesday, May 31 with “Sell”. BMO Capital Markets maintained the shares of WFC in report on Monday, October 16 with “Market Perform” rating. The rating was maintained by Jefferies with “Hold” on Sunday, April 15. The stock has “Buy” rating by Deutsche Bank on Thursday, September 22. The firm has “Buy” rating by Sandler O’Neill given on Wednesday, September 2. BMO Capital Markets maintained the stock with “Hold” rating in Sunday, July 30 report. The rating was upgraded by Goldman Sachs on Monday, January 11 to “Buy”. Goldman Sachs upgraded it to “Buy” rating and $63.0 target in Thursday, January 4 report.

Investors sentiment increased to 0.75 in 2017 Q4. Its up 0.02, from 0.73 in 2017Q3. It increased, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Voya Mngmt Lc holds 0.68% in Wells Fargo & Company (NYSE:WFC) or 5.36 million shares. Hallmark Mgmt Incorporated invested 2.04% in Wells Fargo & Company (NYSE:WFC). Alaska-based State Of Alaska Department Of Revenue has invested 0.55% in Wells Fargo & Company (NYSE:WFC). Cubist Systematic Strategies Ltd owns 55,421 shares. 12,825 are owned by Vision Cap. Moreover, Fund Management has 0.05% invested in Wells Fargo & Company (NYSE:WFC) for 137,295 shares. Convergence Inv Partners Limited Liability has 49,821 shares. Cobblestone Capital Advsrs Ltd has 20,719 shares. 2.72M were reported by Mairs And Power Incorporated. 19,024 are held by Woodstock. Lowe Brockenbrough owns 94,182 shares. Alpine Glob Mgmt Limited Com stated it has 3,882 shares or 0.05% of all its holdings. Cumberland Prtnrs Ltd reported 43,165 shares stake. Carlson Cap Mngmt holds 29,882 shares or 0.48% of its portfolio. Smith & Howard Wealth Mngmt Ltd Limited Liability Company reported 4,277 shares.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 David Stenberg

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:








Recent Posts