Wells Fargo & Co New Com (WFC) Position Held by United American Securities Inc; Cedar Hill Associates Has Cut Suntrust Bks Com (STI) Stake by $698,610; Valuation Rose

September 14, 2018 - By Alice Reed

Wells Fargo & Company (NYSE:WFC) Logo

United American Securities Inc increased its stake in Wells Fargo & Co New Com (WFC) by 1362.5% based on its latest 2018Q2 regulatory filing with the SEC. United American Securities Inc bought 68,125 shares as the company’s stock rose 1.41% with the market. The institutional investor held 73,125 shares of the major banks company at the end of 2018Q2, valued at $4.05M, up from 5,000 at the end of the previous reported quarter. United American Securities Inc who had been investing in Wells Fargo & Co New Com for a number of months, seems to be bullish on the $264.12B market cap company. The stock decreased 0.29% or $0.16 during the last trading session, reaching $54.84. About 10.76M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 8.47% since September 14, 2017 and is uptrending. It has underperformed by 7.15% the S&P500. Some Historical WFC News: 30/05/2018 – MEDIA-Wells Fargo’s fake account customers to get ‘imperfect’ closure – Bloomberg; 25/04/2018 – TEXAS ROADHOUSE INC TXRH.O : WELLS FARGO RAISES TARGET PRICE TO $58 FROM $52; 04/05/2018 – Wells Fargo to pay $480 million to resolve sales scandal lawsuit; 08/05/2018 – AerCap Holdings at Wells Fargo Industrials Conference Tomorrow; 02/05/2018 – Wells Fargo Advisors LLC Exits TPG Specialty Lending; 12/04/2018 – WELLS FARGO’S WREN: GROWTH PEAKED IN 2017, NOT MUCH VALUE LEFT; 16/03/2018 – Allison Prang: BREAKING: “Justice Department Widens Wells Fargo Sales Investigation to Wealth Management”; 13/04/2018 – WELLS FARGO WFC.N CFO SAYS FEDERAL RESERVE’S CONSENT ORDER CAP WILL PUSH BANK’S EFFICIENCY RATIO ABOVE 59 PERCENT FOR 2018; 13/04/2018 – Dow drops 100 points, led by JP Morgan and Wells Fargo; 12/04/2018 – Allegion Presenting at Wells Fargo Industrials Conference May 8

Cedar Hill Associates Llc decreased its stake in Suntrust Bks Inc Com (STI) by 10.64% based on its latest 2018Q2 regulatory filing with the SEC. Cedar Hill Associates Llc sold 10,585 shares as the company’s stock rose 2.15% with the market. The hedge fund held 88,930 shares of the finance company at the end of 2018Q2, valued at $5.87 million, down from 99,515 at the end of the previous reported quarter. Cedar Hill Associates Llc who had been investing in Suntrust Bks Inc Com for a number of months, seems to be less bullish one the $31.31B market cap company. The stock decreased 0.10% or $0.07 during the last trading session, reaching $67.96. About 2.48 million shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 30.64% since September 14, 2017 and is uptrending. It has outperformed by 15.02% the S&P500. Some Historical STI News: 24/05/2018 – SAN LEON ENERGY – REMAINS OF VIEW THAT PURPORTED ALLEGATIONS BY SUNTRUST ARE WITHOUT ANY FOUNDATION OR MERIT; 22/05/2018 – SAN LEON ENERGY PLC – IS OF VIEW THAT PURPORTED ALLEGATIONS BY SUNTRUST ARE WITHOUT ANY FOUNDATION OR MERIT WHATSOEVER; 28/03/2018 – American Vanguard at Non-Deal Roadshow Hosted By SunTrust Today; 08/05/2018 – ManpowerGroup at Group Meeting Hosted By SunTrust Today; 27/03/2018 – Carrizo Oil Non-Deal Roadshow Set By SunTrust for Apr. 3-4; 24/04/2018 – SUNTRUST BANKS INC QTRLY SHR $1.29; 24/04/2018 – SUNTRUST BANKS INC – COMMON EQUITY TIER 1 RATIO WAS ESTIMATED TO BE 9.9% AS OF MARCH 31, 2018, SLIGHTLY HIGHER THAN PRIOR QUARTER; 03/04/2018 – Mack-Cali at Non-Deal Roadshow Hosted By SunTrust Today; 20/04/2018 – SUNTRUST BANKS 1Q EPS $1.29, EST. $1.11; 13/03/2018 – SUNTRUST NAMES STAN LITTLE PRESIDENT OF THE SUNTRUST FOUNDATION

Analysts await SunTrust Banks, Inc. (NYSE:STI) to report earnings on October, 19. They expect $1.40 EPS, up 32.08% or $0.34 from last year’s $1.06 per share. STI’s profit will be $645.02 million for 12.14 P/E if the $1.40 EPS becomes a reality. After $1.49 actual EPS reported by SunTrust Banks, Inc. for the previous quarter, Wall Street now forecasts -6.04% negative EPS growth.

Investors sentiment increased to 1.07 in Q2 2018. Its up 0.03, from 1.04 in 2018Q1. It improved, as 46 investors sold STI shares while 236 reduced holdings. 73 funds opened positions while 229 raised stakes. 373.05 million shares or 1.83% less from 380.01 million shares in 2018Q1 were reported. San Francisco Sentry Invest Gp (Ca) holds 0% or 106 shares. Security Natl stated it has 1,110 shares. Gm Advisory stated it has 0.09% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Assetmark Inc holds 0.01% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 11,238 shares. Schroder Investment Mngmt Group holds 0% or 8,310 shares. Thompson Davis & holds 0.18% or 1,150 shares. Homrich Berg stated it has 5,330 shares or 0.03% of all its holdings. 1.94M are held by Morgan Stanley. Coastline Trust, Rhode Island-based fund reported 5,155 shares. Abner Herrman & Brock Ltd Co owns 175,570 shares for 1.81% of their portfolio. Blair William Com Il holds 0.01% or 18,364 shares. Baker Avenue Asset Limited Partnership stated it has 29,940 shares or 0.17% of all its holdings. Bowling Mgmt Ltd invested in 0.52% or 56,629 shares. Signaturefd Limited Liability Company owns 18,505 shares or 0.14% of their US portfolio. First Heartland Consultants Inc reported 8,184 shares.

Cedar Hill Associates Llc, which manages about $1.20B and $481.27 million US Long portfolio, upped its stake in Ishares Core S&P 500 Etf (IVV) by 10,205 shares to 42,954 shares, valued at $11.73 million in 2018Q2, according to the filing. It also increased its holding in Vaneck Vectors Investment Grade Floating Rate Etf by 721,360 shares in the quarter, for a total of 890,733 shares, and has risen its stake in Ishares S&P Midcap Fund (IJH).

Among 38 analysts covering Suntrust Banks Inc. (NYSE:STI), 20 have Buy rating, 0 Sell and 18 Hold. Therefore 53% are positive. Suntrust Banks Inc. had 127 analyst reports since July 20, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Market Perform” rating in Monday, July 23 report. The firm has “Outperform” rating by FBR Capital given on Tuesday, October 11. Guggenheim initiated the shares of STI in report on Thursday, October 8 with “Neutral” rating. On Wednesday, April 4 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Buy” rating given on Thursday, September 17 by Deutsche Bank. The firm has “Neutral” rating given on Wednesday, March 14 by Credit Suisse. The firm earned “Buy” rating on Monday, January 23 by Sandler O’Neill. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, October 23 report. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Hold” rating given on Tuesday, April 10 by Susquehanna. The firm has “Buy” rating given on Monday, October 23 by Piper Jaffray.

Since May 2, 2018, it had 2 buys, and 4 sales for $1.18 million activity. Shares for $69,010 were bought by SCRUGGS FRANK P JR. 11,000 shares were sold by Cummins Hugh S. III, worth $759,000. Shares for $395,760 were bought by VOORHEES STEVEN C. Shares for $101,025 were sold by Scanlan Agnes Bundy. $182,835 worth of SunTrust Banks, Inc. (NYSE:STI) shares were sold by ARRIETA JORGE.

More recent SunTrust Banks, Inc. (NYSE:STI) news were published by: Investorplace.com which released: “7 Big Bank Stocks That Are Breaking Down” on September 12, 2018. Also Seekingalpha.com published the news titled: “Banks mostly tone down expectations for Q3, but Wells Fargo delivers some good news” on September 14, 2018. Bizjournals.com‘s news article titled: “By Mark Calvey – Senior Reporter, San Francisco Business Times” with publication date: September 12, 2018 was also an interesting one.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Seekingalpha.com which released: “Wells Fargo & Company (WFC) Presents at Barclays 2018 Global Financial Services Conference (Transcript)” on September 14, 2018, also Bizjournals.com with their article: “By Erik Spanberg and Ken Elkins – Triad Business Journal” published on September 14, 2018, Bizjournals.com published: “Wells Fargo lays off 137 from Orlando mortgage operations” on August 23, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Livetradingnews.com and their article: “Wells Fargo & Company (NYSE:WFC) Wells Fargo can’t wake up from the nightmare” published on September 10, 2018 as well as Seekingalpha.com‘s news article titled: “Banks mostly tone down expectations for Q3, but Wells Fargo delivers some good news” with publication date: September 14, 2018.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 7 Sell and 15 Hold. Therefore 44% are positive. Wells Fargo & Company had 154 analyst reports since July 29, 2015 according to SRatingsIntel. Goldman Sachs upgraded the stock to “Buy” rating in Monday, January 11 report. The firm earned “Buy” rating on Tuesday, January 9 by Sandler O’Neill. As per Friday, October 9, the company rating was upgraded by JP Morgan. The firm earned “Outperform” rating on Friday, October 16 by RBC Capital Markets. Morgan Stanley upgraded Wells Fargo & Company (NYSE:WFC) on Tuesday, September 20 to “Overweight” rating. Morgan Stanley upgraded the shares of WFC in report on Monday, July 2 to “Equal-Weight” rating. Robert W. Baird maintained Wells Fargo & Company (NYSE:WFC) on Tuesday, September 5 with “Buy” rating. As per Tuesday, September 8, the company rating was upgraded by Deutsche Bank. The rating was downgraded by Citigroup on Monday, February 5 to “Hold”. Piper Jaffray maintained Wells Fargo & Company (NYSE:WFC) on Sunday, April 15 with “Hold” rating.

Investors sentiment increased to 0.72 in Q2 2018. Its up 0.13, from 0.59 in 2018Q1. It increased, as 69 investors sold WFC shares while 705 reduced holdings. 113 funds opened positions while 443 raised stakes. 3.60 billion shares or 0.58% less from 3.62 billion shares in 2018Q1 were reported. Raab And Moskowitz Asset Management Ltd Liability Co stated it has 14,036 shares or 0.37% of all its holdings. 3.75M are owned by Hsbc Holdings Pcl. 24,729 are held by Webster National Bank N A. Azimuth Capital Ltd Liability Corporation reported 1.06% in Wells Fargo & Company (NYSE:WFC). First Trust Advsrs Lp reported 1.81M shares. Ipswich Mgmt owns 15,834 shares. Bahamas-based Holowesko Prns Limited has invested 7.63% in Wells Fargo & Company (NYSE:WFC). 13,500 are owned by Summit Gp Inc Limited Company. Virtu Financial Ltd Llc holds 7,042 shares. Vaughan Nelson Inv Limited Partnership has invested 0.01% in Wells Fargo & Company (NYSE:WFC). Panagora Asset Mngmt holds 0.26% or 1.19 million shares in its portfolio. Canada Pension Plan Inv Board reported 3.60M shares. Dekabank Deutsche Girozentrale reported 1.37M shares. Moreover, Tributary Capital Limited Liability has 0.15% invested in Wells Fargo & Company (NYSE:WFC). First Long Island Investors Limited Com has 191,488 shares.

United American Securities Inc, which manages about $201.06 million and $200.67 million US Long portfolio, decreased its stake in Alphabet Inc Cap Stk Cl C by 578 shares to 540 shares, valued at $602,000 in 2018Q2, according to the filing. It also reduced its holding in United Parcel Svc Inc Cl B (NYSE:UPS) by 3,000 shares in the quarter, leaving it with 2,200 shares, and cut its stake in Netflix Inc Com (NASDAQ:NFLX).

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

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