Illumina (ILMN) Holder David R Rahn & Associates Raised Stake; Hanson Mcclain Has Decreased Wells Fargo Co New (WFC) Position by $332,488; Market Value Declined

June 14, 2018 - By wolcottdaily

Illumina, Inc. (NASDAQ:ILMN) Logo

David R Rahn & Associates Inc increased its stake in Illumina Inc (ILMN) by 37.71% based on its latest 2018Q1 regulatory filing with the SEC. David R Rahn & Associates Inc bought 1,614 shares as the company’s stock rose 14.05% while stock markets declined. The institutional investor held 5,894 shares of the capital goods company at the end of 2018Q1, valued at $1.39 million, up from 4,280 at the end of the previous reported quarter. David R Rahn & Associates Inc who had been investing in Illumina Inc for a number of months, seems to be bullish on the $42.60 billion market cap company. The stock increased 0.88% or $2.53 during the last trading session, reaching $289.77. About 478,266 shares traded. Illumina, Inc. (NASDAQ:ILMN) has risen 53.21% since June 14, 2017 and is uptrending. It has outperformed by 40.64% the S&P500. Some Historical ILMN News: 05/03/2018 – ANHUI ANKE BIOTECHNOLOGY 300009.SZ SAYS ITS UNIT OBTAINS EXCLUSIVE DISTRIBUTION RIGHTS IN CHINA FOR PRODUCTS OF VEROGEN, U.S. COMPANY JOINTLY SET UP BY U.S. FIRMS ILLUMINA AND TELEGRAPH HILL PARTNERS; 08/03/2018 – ONCOCYTE CORP – INITIAL RESULTS SHOW ILLUMINA PLATFORM COULD PROVIDE SUPPORT FOR CLINICAL DEVELOPMENT STUDIES NECESSARY FOR DETERMAVU COMMERCIALIZATION; 10/04/2018 – ILLUMINA – CO-DEVELOPMENT PARTNERSHIP WILL SEEK APPROVAL FOR VERSION OF ILLUMINA TRUSIGHT TUMOR 170 AS COMPANION DIAGNOSTIC FOR LOXO’S LAROTRECTINIB; 24/04/2018 – ILLUMINA INC ILMN.O SEES FY 2018 REVENUE UP 15 TO 16 PCT; 24/04/2018 – Illumina 1Q EPS $1.41; 08/05/2018 – CAREDX-BEGINNING ON JUNE 1, CO WILL BE EXCLUSIVE WORLDWIDE DISTRIBUTOR OF ILLUMINA’S TRUSIGHT HLA V1 AND V2 PRODUCT LINES, ASSOCIATED ASSIGN HLA SOFTWARE; 09/05/2018 – CareDx: Made One-Time Payment to Illumina and Will Pay Royalties on Sales of Future Commercialized Products; 13/04/2018 – BRISTOL-MYERS SQUIBB AND ILLUMINA ANNOUNCE STRATEGIC COLLABORATION TO DEVELOP AND COMMERCIALIZE COMPANION DIAGNOSTICS FOR BRISTOL-MYERS SQUIBB’S ONCOLOGY IMMUNOTHERAPIES; 10/04/2018 – Loxo Oncology and Illumina to Partner on Developing Next-Generation Sequencing-Based Pan-Cancer Companion Diagnostics; 09/05/2018 – CareDx: Will Be Exclusive Worldwide Distributor of Illumina’s TruSight HLA Sequencing Panels and Associated Assign HLA Software

Hanson Mcclain Inc decreased its stake in Wells Fargo Co New (WFC) by 19.04% based on its latest 2018Q1 regulatory filing with the SEC. Hanson Mcclain Inc sold 6,394 shares as the company’s stock declined 8.45% with the market. The institutional investor held 27,180 shares of the major banks company at the end of 2018Q1, valued at $1.43 million, down from 33,574 at the end of the previous reported quarter. Hanson Mcclain Inc who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $266.89 billion market cap company. The stock decreased 0.71% or $0.39 during the last trading session, reaching $54.77. About 12.95 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since June 14, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: 22/05/2018 – WELLS FARGO & CO – IN SEPTEMBER, LISA FRAZIER WILL BECOME HEAD OF GROUP; 08/03/2018 – IAC: State Treasurer Nappier Pleased With Wells Fargo Agreement – Bank Will Provide Detailed Report to Shareholders On Bank; 24/04/2018 – WELLS FARGO & CO – SHAREHOLDERS ALSO APPROVED 2017 COMPENSATION OF COMPANY’S EXECUTIVES NAMED IN ITS PROXY STATEMENT; 02/05/2018 – Wells Fargo’s Bory Optimistic About Europe’s Growth Outlook (Video); 20/04/2018 – Consumer Financial Protection Bureau Assessed $1 Billion Penalty Against Wells Fargo; 10/05/2018 – Still Too Early to Get Back on Wells Fargo’s Wagon — Heard on the Street; 20/04/2018 – OCC CONSENT ORDER SAYS WELLS FARGO AGREED TO IT WITHOUT ADMITTING OR DENYING ANY WRONGDOING; 20/04/2018 – Wells Fargo to Pay $1 Billion to Settle Risk Management Claims; 09/04/2018 – Yahoo! Finance: Exclusive: U.S. watchdog seeks record fine against Wells Fargo for abuses; 20/04/2018 – CFPB SAYS $500 MILLION PENALTY COLLECTED BY U.S. OFFICE OF COMPTROLLER OF THE CURRENCY FROM WELLS FARGO IS CREDITED TOWARD SATISFACTION OF ITS FINE

More notable recent Illumina, Inc. (NASDAQ:ILMN) news were published by: Fool.com which released: “5 Things Every Illumina Investor Needs to Know” on May 18, 2018, also Seekingalpha.com with their article: “Week In Review: Grail, An Oncology Diagnostics Company, Taps China Investors For $300 Million” published on May 27, 2018, Seekingalpha.com published: “Is It Too Late To Buy Illumina Stock?” on June 06, 2018. More interesting news about Illumina, Inc. (NASDAQ:ILMN) were released by: Globenewswire.com and their article: “Update: Lawsuit for Investors in NASDAQ: ILMN shares against Illumina, Inc. announced by Shareholders Foundation” published on June 12, 2018 as well as Fool.com‘s news article titled: “Here’s Why Illumina, Inc. Stock Gained 13.1% in May” with publication date: June 08, 2018.

Among 28 analysts covering Illumina Inc (NASDAQ:ILMN), 20 have Buy rating, 1 Sell and 7 Hold. Therefore 71% are positive. Illumina Inc had 104 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Illumina, Inc. (NASDAQ:ILMN) earned “Buy” rating by Canaccord Genuity on Monday, August 7. The company was upgraded on Wednesday, October 25 by Robert W. Baird. As per Friday, June 2, the company rating was maintained by Canaccord Genuity. The stock of Illumina, Inc. (NASDAQ:ILMN) earned “Market Perform” rating by Wells Fargo on Thursday, January 7. Cowen & Co maintained the stock with “Buy” rating in Monday, January 22 report. The firm earned “Buy” rating on Tuesday, January 10 by Bank of America. The rating was reinitiated by Leerink Swann on Thursday, November 10 with “Market Perform”. The rating was upgraded by Deutsche Bank on Monday, October 23 to “Buy”. Barclays Capital maintained Illumina, Inc. (NASDAQ:ILMN) rating on Tuesday, October 13. Barclays Capital has “Equal-Weight” rating and $170 target. The company was downgraded on Tuesday, October 6 by Mizuho.

Investors sentiment decreased to 1.35 in Q1 2018. Its down 0.04, from 1.39 in 2017Q4. It is negative, as 33 investors sold ILMN shares while 172 reduced holdings. 80 funds opened positions while 197 raised stakes. 129.91 million shares or 0.62% less from 130.72 million shares in 2017Q4 were reported. Jfs Wealth Advsrs Llc invested 0.02% of its portfolio in Illumina, Inc. (NASDAQ:ILMN). Lord Abbett And Company Ltd Company owns 369,494 shares for 0.26% of their portfolio. Meiji Yasuda Life Insurance stated it has 0.22% of its portfolio in Illumina, Inc. (NASDAQ:ILMN). Eulav Asset Mngmt reported 40,900 shares or 0.46% of all its holdings. Symphony Asset Management Ltd reported 9,550 shares or 0.29% of all its holdings. Fukoku Mutual Life Ins Com has 0.03% invested in Illumina, Inc. (NASDAQ:ILMN) for 800 shares. Advantus Capital Mngmt holds 15,157 shares. Swiss National Bank accumulated 468,345 shares or 0.14% of the stock. Commonwealth Of Pennsylvania School Empls Retrmt holds 13,154 shares or 0.04% of its portfolio. Natl Asset Mngmt stated it has 0.05% of its portfolio in Illumina, Inc. (NASDAQ:ILMN). Alliancebernstein Limited Partnership holds 0.04% or 234,626 shares. Washington Cap Management Inc invested in 1,400 shares. Hall Laurie J Trustee stated it has 0.03% in Illumina, Inc. (NASDAQ:ILMN). Amp Capital Investors Limited holds 0.06% or 47,415 shares in its portfolio. Aperio Limited Liability Company invested 0.07% in Illumina, Inc. (NASDAQ:ILMN).

David R Rahn & Associates Inc, which manages about $207.97 million and $101.63M US Long portfolio, decreased its stake in Ark Etf Tr by 14,873 shares to 34,114 shares, valued at $1.33 million in 2018Q1, according to the filing. It also reduced its holding in Bank Amer Corp (NYSE:BAC) by 15,666 shares in the quarter, leaving it with 52,125 shares, and cut its stake in Ishares Tr (IYR).

Since January 2, 2018, it had 0 insider buys, and 28 sales for $19.51 million activity. deSouza Francis A sold $564,124 worth of stock. EASTHAM KARIN also sold $269,802 worth of Illumina, Inc. (NASDAQ:ILMN) shares. 1,610 Illumina, Inc. (NASDAQ:ILMN) shares with value of $356,535 were sold by Dadswell Charles. 500 shares valued at $135,500 were sold by EPSTEIN ROBERT S on Monday, May 21. FLATLEY JAY T sold $391,280 worth of Illumina, Inc. (NASDAQ:ILMN) on Monday, May 14. ARNOLD FRANCES had sold 250 shares worth $60,375 on Thursday, March 8.

Hanson Mcclain Inc, which manages about $1.61 billion and $1.30 billion US Long portfolio, upped its stake in Spdr Ser Tr by 7,838 shares to 174,079 shares, valued at $8.32 million in 2018Q1, according to the filing. It also increased its holding in Ishares Tr (MUB) by 4,071 shares in the quarter, for a total of 89,651 shares, and has risen its stake in Pimco Etf Tr (MINT).

Investors sentiment decreased to 0.59 in Q1 2018. Its down 0.16, from 0.75 in 2017Q4. It worsened, as 108 investors sold WFC shares while 790 reduced holdings. 122 funds opened positions while 412 raised stakes. 3.62 billion shares or 0.62% less from 3.64 billion shares in 2017Q4 were reported. North Carolina-based Altavista Wealth Mngmt Inc has invested 0.6% in Wells Fargo & Company (NYSE:WFC). Delphi Mngmt Inc Ma owns 39,712 shares. Wetherby Asset invested in 0.55% or 75,777 shares. Sector Pension Investment Board holds 0.36% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 995,291 shares. M&T State Bank reported 1.53M shares stake. Summit Ltd Liability owns 9,100 shares. State Common Retirement Fund holds 0.9% in Wells Fargo & Company (NYSE:WFC) or 13.78M shares. Arga Management Lp has invested 0.27% of its portfolio in Wells Fargo & Company (NYSE:WFC). Hsbc Pcl accumulated 7.31M shares or 0.57% of the stock. Hanson And Doremus Investment stated it has 0.01% in Wells Fargo & Company (NYSE:WFC). Nj State Employees Deferred Compensation Plan holds 100,000 shares or 0.93% of its portfolio. Ontario Teachers Pension Plan Board owns 0.07% invested in Wells Fargo & Company (NYSE:WFC) for 83,830 shares. Huntington Natl Bank reported 365,632 shares. Montag A Associates stated it has 53,568 shares or 0.29% of all its holdings. Tortoise Invest Mgmt Ltd Limited Liability Company holds 0.01% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 759 shares.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 earnings per share, up 4.67% or $0.05 from last year’s $1.07 per share. WFC’s profit will be $5.46 billion for 12.23 P/E if the $1.12 EPS becomes a reality. After $1.12 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Bizjournals.com which released: “Banking Roundup: Starbucks launches JPMorgan Visa cards… BofA’s virtual assistant Erica hits milestone” on June 13, 2018, also Benzinga.com with their article: “Flagstar To Acquire 52 Wells Fargo Branches Across Midwest: ‘It Really Is A Good Fit'” published on June 07, 2018, Bizjournals.com published: “Wells Fargo completes move to 11 Stanwix” on June 14, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Seekingalpha.com and their article: “Wells Fargo: Value And Longevity” published on May 21, 2018 as well as Investorplace.com‘s news article titled: “Proceed With Caution With Square Inc Stock” with publication date: June 14, 2018.

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

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. As per Friday, August 25, the company rating was maintained by Keefe Bruyette & Woods. The stock of Wells Fargo & Company (NYSE:WFC) has “Sell” rating given on Monday, February 5 by RBC Capital Markets. The rating was maintained by Susquehanna on Monday, April 23 with “Hold”. On Thursday, July 27 the stock rating was maintained by RBC Capital Markets with “Buy”. On Wednesday, April 12 the stock rating was maintained by Evercore with “Outperform”. On Monday, February 5 the stock rating was downgraded by Keefe Bruyette & Woods to “Hold”. Robert W. Baird maintained Wells Fargo & Company (NYSE:WFC) rating on Friday, October 6. Robert W. Baird has “Buy” rating and $58.0 target. Barclays Capital maintained Wells Fargo & Company (NYSE:WFC) rating on Tuesday, January 3. Barclays Capital has “Overweight” rating and $65 target. Robert W. Baird maintained Wells Fargo & Company (NYSE:WFC) rating on Tuesday, January 2. Robert W. Baird has “Buy” rating and $65.0 target. Bank of America maintained the shares of WFC in report on Monday, February 5 with “Buy” rating.

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 wolcottdaily

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: