05 September, 2017
Wells Fargo Income Opportunities Fund (the Fund), formerly Wells Fargo Advantage Income Opportunities Fund, is a diversified closed-end management investment company. The stock witnessed -4.55% declines, -1.45% declines and -13.04% declines for the 1-month, 3-month and 6-month period, respectively. Robert W. Baird upgraded Wells Fargo & Co (NYSE:WFC) rating on Monday, September 19. It has underperformed by 7.03% the S&P500. Bogle Investment Management Lp sold 127,423 shares as Chimerix Inc Com (CMRX)'s stock declined 21.34%. Jefferies maintained the shares of WFC in report on Tuesday, June 6 with "Hold" rating.
Wells Fargo & declared that its board has authorized a stock repurchase program on Wednesday, June 28th that permits the company to buyback $11.50 billion in outstanding shares. The stock rose 0.42% or $0.02 reaching $4.75. Another trade for 3,000 shares valued at $254,325 was sold by GEISSER ANDREA. (NASDAQ:GNCMA) has risen 135.42% since September 5, 2016 and is uptrending. It has outperformed by 13.73% the S&P500. Another trade for 38,988 shares valued at $2.05M was made by Mack Mary T on Thursday, June 8. It also upped Sherwin Williams Co (NYSE:SHW) stake by 2,343 shares and now owns 76,286 shares. Columbia Partners L L C Investment Management stated it has 0.12% in Wells Fargo & Co (NYSE:WFC). They expect $1.06 earnings per share, up 2.91% or $0.03 from last year's $1.03 per share. WFC's profit will be $5.26B for 12.02 P/E if the $1.06 EPS becomes a reality. After $1.07 actual earnings per share reported by Wells Fargo & Co for the previous quarter, Wall Street now forecasts -0.93% negative EPS growth.
Among 32 analysts covering Wells Fargo & Company (NYSE:WFC), 13 have Buy rating, 5 Sell and 14 Hold. Therefore 42% are positive. Wells Fargo & Company had 85 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was upgraded by Guggenheim on Wednesday, April 26 to "Neutral". The firm has "Neutral" rating by Piper Jaffray given on Tuesday, April 11.
Zacks offers analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations. The firm has "Neutral" rating by Guggenheim given on Tuesday, November 15. UBS maintained the stock with "Sell" rating in Thursday, September 15 report. The rating was upgraded by Keefe Bruyette & Woods to "Outperform" on Wednesday, April 5. On Monday, February 13 the stock rating was downgraded by Argus Research to "Hold". Noble Financial maintained the shares of GCI in report on Wednesday, November 2 with "Buy" rating.
Investors sentiment increased to 0.88 in 2016 Q4. Its up 0.12, from 0.76 in 2016Q3. It improved, as 112 investors sold WFC shares while 836 reduced holdings. 149 funds opened positions while 487 raised stakes. Aisling Limited Liability accumulated 472,943 shares. 60,872 were reported by Oskie Capital Mgmt Limited Liability Co. Goldman Sachs stated it has 29.42 million shares. Trexquant Investment Lp accumulated 32,100 shares. Old Mutual Glob (Uk) Limited owns 0.06% invested in Wells Fargo & Co (NYSE:WFC) for 57,911 shares. 15,227 are owned by Kistler. Alexandria Capital LLC raised its position in Wells Fargo & by 0.3% in the 1st quarter. Clark Mngmt Gp, Pennsylvania-based fund reported 13,180 shares. BERKSHIRE HATHAWAY INC sold 7.13 million shares worth $383.92 million. Perritt Capital reported 166,883 shares stake. Parametric Portfolio Assocs Ltd Liability reported 8.88 million shares.
Since January 1, 0001, it had 1 insider purchase, and 6 selling transactions for $390.37 million activity. 20,000 Wells Fargo & Co (NYSE:WFC) shares with value of $1.04 million were sold by Loughlin Michael J.
In other news, major shareholder Saba Capital Management, L.P. sold 9,299 shares of the firm's stock in a transaction dated Monday, June 12th. The Tudor Investment Corp Et Al holds 16,654 shares with $918,000 value, down from 259,237 last quarter. Neville Rodie And Shaw Inc accumulated 1.86% or 285,938 shares. It also increased its holding in Allergan Plc by 2,795 shares in the quarter, for a total of 22,940 shares, and has risen its stake in Spdr Gold Trust Gold Shs (GLD). Hardison Hope A. had sold 20,000 shares worth $1.04M. TX's holdings in Wells Fargo & were worth $10,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 3,397 iRobot Corporation (NASDAQ:IRBT) shares with value of $285,926 were sold by CHWANG RONALD. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued. Over the last 90 days, insiders have sold 111,278 shares of company stock worth $5,896,920. Kistler has invested 0.41% of its portfolio in Wells Fargo & Co (NYSE:WFC). Its down 0.01, from 0.9 in 2016Q3. It fall, as 16 investors sold CMRX shares while 31 reduced holdings. Premier Asset Managment Limited Com invested in 234,940 shares or 3.44% of the stock. The Minnesota-based Ameriprise Fincl Inc has invested 0% in AutoNation, Inc. This repurchase authorization permits the financial services provider to buy up to 4.2% of its shares through open market purchases.
Smith's Research & Gradings has ranked Wells Fargo Securities the No. 1 Municipal Bond Research Team for the past four years. Integrated Wealth Counsel Ltd holds 1,045 shares or 0.35% of its portfolio. Wesbanco Bank Inc owns 260,279 shares or 0.2% of their United States portfolio. Orbis Inv (Us) Limited Co reported 154,066 shares. Rand Wealth Limited Liability Corp has 24,764 shares. Iat Reinsurance Com has 88,000 shares for 0.84% of their portfolio. Marshwinds Advisory has 0.13% invested in Gannett Co Inc (NYSE:GCI) for 12,336 shares. "TX's 9th Largest Position" was first posted by Week Herald and is owned by of Week Herald. Spark Inv Management Ltd Liability invested in 0.62% or 128,200 shares.
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