Spectrum Management Group Has Cut Its Wells Fargo Co New (WFC) Position; Zevenbergen Capital Investments Has Cut Charles Schwab (SCHW) Stake

May 21, 2018 - By William Brooks

The Charles Schwab Corporation (NYSE:SCHW) Logo

Spectrum Management Group Inc decreased Wells Fargo Co New (WFC) stake by 73.27% reported in 2017Q4 SEC filing. Spectrum Management Group Inc sold 37,209 shares as Wells Fargo Co New (WFC)’s stock declined 16.98%. The Spectrum Management Group Inc holds 13,573 shares with $823,000 value, down from 50,782 last quarter. Wells Fargo Co New now has $265.84 billion valuation. The stock increased 1.59% or $0.855 during the last trading session, reaching $54.555. About 8.03M shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since May 21, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Zevenbergen Capital Investments Llc decreased Charles Schwab Corporation (SCHW) stake by 1.18% reported in 2017Q4 SEC filing. Zevenbergen Capital Investments Llc sold 22,860 shares as Charles Schwab Corporation (SCHW)’s stock declined 1.06%. The Zevenbergen Capital Investments Llc holds 1.92 million shares with $98.49M value, down from 1.94 million last quarter. Charles Schwab Corporation now has $80.24B valuation. The stock increased 0.56% or $0.33 during the last trading session, reaching $59.47. About 4.92 million shares traded. The Charles Schwab Corporation (NYSE:SCHW) has risen 30.72% since May 21, 2017 and is uptrending. It has outperformed by 19.17% the S&P500.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Livetradingnews.com which released: “Wells Fargo & Company (NYSE:WFC) Heffx Trading Outlook” on May 21, 2018, also Seekingalpha.com with their article: “Wells Fargo: Buying Opportunity?” published on April 25, 2018, Seekingalpha.com published: “Tracking David Tepper’s Appaloosa Management Portfolio – Q1 2018 Update” on May 21, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Bizjournals.com and their article: “Wells Fargo taps JPMorgan Chase exec as chief risk officer” published on May 07, 2018 as well as Seekingalpha.com‘s news article titled: “Wells Fargo And Loan Demand” with publication date: May 17, 2018.

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 of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Tuesday, January 2 by Robert W. Baird. The stock of Wells Fargo & Company (NYSE:WFC) has “Overweight” rating given on Tuesday, January 3 by Barclays Capital. The company was maintained on Monday, April 30 by Morgan Stanley. The rating was maintained by Vining Sparks with “Strong-Buy” on Friday, April 28. The company was maintained on Thursday, October 15 by Guggenheim. The firm earned “Buy” rating on Monday, February 5 by Bank of America. The firm earned “Neutral” rating on Monday, October 10 by UBS. Evercore upgraded Wells Fargo & Company (NYSE:WFC) on Tuesday, September 8 to “Buy” rating. The company was downgraded on Tuesday, November 15 by Guggenheim. Sandler O’Neill maintained Wells Fargo & Company (NYSE:WFC) rating on Thursday, March 29. Sandler O’Neill has “Buy” rating and $6800 target.

Spectrum Management Group Inc increased V F Corp (NYSE:VFC) stake by 18,013 shares to 18,025 valued at $1.33M in 2017Q4. It also upped Berkshire Hathaway Inc D (BRKB) stake by 1,580 shares and now owns 8,341 shares. Select Sector Spdr Tr (XLY) was raised too.

Investors sentiment increased to 0.75 in 2017 Q4. Its up 0.02, from 0.73 in 2017Q3. It improved, 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. Berkley W R Corporation accumulated 486,600 shares. Pillar Pacific Cap Llc, a California-based fund reported 133,452 shares. Bowling Port Mngmt Lc accumulated 93,203 shares. White Pine Ltd Limited Liability Company holds 0.4% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 17,871 shares. Gam Holdings Ag invested in 0.21% or 110,472 shares. American Group Inc Inc stated it has 0.29% in Wells Fargo & Company (NYSE:WFC). Washington Bancshares reported 85,253 shares stake. State Of New Jersey Common Pension Fund D stated it has 5.14 million shares or 1.18% of all its holdings. Hayek Kallen Investment Mgmt invested in 0.47% or 11,854 shares. Trustco Savings Bank N Y invested in 37,350 shares. Principal Grp Incorporated Inc has invested 0.42% in Wells Fargo & Company (NYSE:WFC). Crestpoint Mgmt Llc reported 16,400 shares. Lourd Limited Co reported 1.65 million shares or 6.51% of all its holdings. Moreover, Teacher Retirement Systems Of Texas has 0.62% invested in Wells Fargo & Company (NYSE:WFC) for 1.55M shares. Fiduciary Trust reported 0.66% of its portfolio in Wells Fargo & Company (NYSE:WFC).

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 $5.46B for 12.18 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.

Investors sentiment increased to 1.15 in Q4 2017. Its up 0.12, from 1.03 in 2017Q3. It improved, as 48 investors sold SCHW shares while 292 reduced holdings. 106 funds opened positions while 285 raised stakes. 1.05 billion shares or 0.91% more from 1.04 billion shares in 2017Q3 were reported. Beach Investment Counsel Inc Pa owns 5,825 shares for 0.03% of their portfolio. Braun Stacey Assocs reported 220,173 shares or 0.76% of all its holdings. Profund Advsr Ltd Liability Corp owns 39,608 shares. Gemmer Asset Mngmt Limited Liability Corp has invested 0.61% in The Charles Schwab Corporation (NYSE:SCHW). Macquarie Group Incorporated Ltd invested in 3.68 million shares or 0.34% of the stock. Cap One National Association has invested 0.39% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW). Sg Americas Secs Ltd Liability Co has 218,727 shares for 0.1% of their portfolio. Qs Invsts Limited Com stated it has 22,464 shares. Reilly Herbert Faulkner Iii stated it has 113,211 shares. Court Place Advisors Lc has invested 0.14% in The Charles Schwab Corporation (NYSE:SCHW). Tci Wealth Advsrs holds 0.21% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW) for 9,411 shares. 199,080 were accumulated by Lpl Financial Limited Liability Com. Port Solutions Llc has invested 0% in The Charles Schwab Corporation (NYSE:SCHW). Huntington Bank & Trust invested in 5,818 shares or 0% of the stock. Cobblestone Lc reported 4,565 shares stake.

Among 24 analysts covering Charles Schwab (NYSE:SCHW), 15 have Buy rating, 1 Sell and 8 Hold. Therefore 63% are positive. Charles Schwab had 103 analyst reports since August 11, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, June 16 by William Blair. The company was maintained on Friday, April 20 by Jefferies. Wood maintained it with “Buy” rating and $46 target in Friday, June 16 report. The stock of The Charles Schwab Corporation (NYSE:SCHW) has “Buy” rating given on Friday, September 15 by Jefferies. Keefe Bruyette & Woods maintained the shares of SCHW in report on Monday, August 14 with “Buy” rating. As per Monday, July 11, the company rating was maintained by Nomura. Deutsche Bank maintained the stock with “Buy” rating in Friday, May 27 report. Sandler O’Neill maintained The Charles Schwab Corporation (NYSE:SCHW) rating on Wednesday, January 17. Sandler O’Neill has “Buy” rating and $62.0 target. The firm earned “Buy” rating on Monday, July 18 by Deutsche Bank. As per Monday, February 26, the company rating was maintained by Keefe Bruyette & Woods.

More notable recent The Charles Schwab Corporation (NYSE:SCHW) news were published by: Bizjournals.com which released: “Chuck Schwab on tax reform’s Bay Area impact: ‘A lot of companies will be moving their people out of here'” on May 16, 2018, also Bizjournals.com with their article: “Charles Schwab opens up about how his struggles with dyslexia shaped him as a CEO (Video)” published on May 08, 2018, Bizjournals.com published: “Charles Schwab picks San Francisco for digital accelerator” on May 03, 2018. More interesting news about The Charles Schwab Corporation (NYSE:SCHW) were released by: Seekingalpha.com and their article: “Tracking Lou Simpson’s SQ Advisors Portfolio – Q1 2018 Update” published on May 18, 2018 as well as Streetinsider.com‘s news article titled: “Charles Schwab (SCHW) Reports April Activity Highlights” with publication date: May 14, 2018.

Zevenbergen Capital Investments Llc increased Square Inc. stake by 40,800 shares to 104,300 valued at $3.62M in 2017Q4. It also upped Portola Pharmaceuticals Inc. (NASDAQ:PTLA) stake by 187,910 shares and now owns 765,475 shares. Teladoc Inc. was raised too.

Since January 18, 2018, it had 0 insider buys, and 32 sales for $202.45 million activity. Kallsen Terri R sold $105,236 worth of stock. SCHWAB CHARLES R also sold $9.11M worth of The Charles Schwab Corporation (NYSE:SCHW) shares. Shares for $136,984 were sold by Craig Jonathan M. on Monday, April 16. The insider Garfield David R sold $2.13 million. $799,235 worth of The Charles Schwab Corporation (NYSE:SCHW) was sold by Murtagh Nigel J on Monday, February 26. Chandoha Marie A also sold $1.72M worth of The Charles Schwab Corporation (NYSE:SCHW) on Friday, April 20. MARTINETTO JOSEPH R sold $15.38 million worth of stock or 280,685 shares.

Analysts await The Charles Schwab Corporation (NYSE:SCHW) to report earnings on July, 17. They expect $0.58 EPS, up 48.72% or $0.19 from last year’s $0.39 per share. SCHW’s profit will be $782.53M for 25.63 P/E if the $0.58 EPS becomes a reality. After $0.55 actual EPS reported by The Charles Schwab Corporation for the previous quarter, Wall Street now forecasts 5.45% EPS growth.

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

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By1 William Brooks

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