Market News

Camelot Portfolios Has Decreased Position in Amgen (Amgn) (AMGN) by $300,328; As Wells Fargo & Co New Com (WFC) Valuation Declined, Donaldson Capital Management Has Cut Position

Wells Fargo & Company (NYSE:WFC) Logo

Donaldson Capital Management Llc decreased its stake in Wells Fargo & Co New Com (WFC) by 95.14% based on its latest 2017Q4 regulatory filing with the SEC. Donaldson Capital Management Llc sold 75,750 shares as the company’s stock declined 16.98% with the market. The institutional investor held 3,867 shares of the major banks company at the end of 2017Q4, valued at $235,000, down from 79,617 at the end of the previous reported quarter. Donaldson Capital Management Llc who had been investing in Wells Fargo & Co New Com for a number of months, seems to be less bullish one the $256.17 billion market cap company. The stock increased 1.98% or $1.02 during the last trading session, reaching $52.56. About 31.15M shares traded or 28.97% up from the average. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 21, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Camelot Portfolios Llc decreased its stake in Amgen Inc (Amgn) (AMGN) by 19.93% based on its latest 2017Q4 regulatory filing with the SEC. Camelot Portfolios Llc sold 1,736 shares as the company’s stock declined 2.99% with the market. The institutional investor held 6,976 shares of the biological products (no diagnostic substances) company at the end of 2017Q4, valued at $1.21M, down from 8,712 at the end of the previous reported quarter. Camelot Portfolios Llc who had been investing in Amgen Inc (Amgn) for a number of months, seems to be less bullish one the $114.65 billion market cap company. The stock decreased 0.79% or $1.37 during the last trading session, reaching $171.56. About 2.28 million shares traded. Amgen Inc. (NASDAQ:AMGN) has risen 3.78% since April 21, 2017 and is uptrending. It has underperformed by 7.77% the S&P500.

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. Eastern Financial Bank owns 269,779 shares. Mengis Cap Mgmt Incorporated accumulated 0.46% or 12,602 shares. Fcg Limited Liability, a New Jersey-based fund reported 4,517 shares. 29,279 were reported by Acropolis Investment Management Limited Liability Com. East Coast Asset Mgmt Ltd Liability Co stated it has 0.78% in Wells Fargo & Company (NYSE:WFC). Parallax Volatility Advisers Ltd Partnership holds 0.13% in Wells Fargo & Company (NYSE:WFC) or 1.62 million shares. 4,469 are owned by Davidson Advsr. Baker Avenue Asset Management Limited Partnership holds 0.06% or 9,587 shares. Alecta Pensionsforsakring Omsesidigt owns 15.04 million shares. Putnam Fl Investment Co invested in 0.03% or 5,322 shares. Cornercap Inv Counsel has 122,944 shares. Ubs Asset Mgmt Americas Incorporated invested 0.95% in Wells Fargo & Company (NYSE:WFC). Fincl Advisory Inc, a Kansas-based fund reported 6,907 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mgmt has invested 0.08% of its portfolio in Wells Fargo & Company (NYSE:WFC). The -based Folger Nolan Fleming Douglas Incorporated has invested 1.2% in Wells Fargo & Company (NYSE:WFC).

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 9 Sell and 15 Hold. Therefore 38% are positive. Wells Fargo & Company had 145 analyst reports since July 29, 2015 according to SRatingsIntel. As per Tuesday, January 19, the company rating was maintained by Argus Research. On Sunday, February 4 the stock rating was maintained by Susquehanna with “Hold”. Guggenheim maintained it with “Buy” rating and $60 target in Thursday, October 15 report. The firm earned “Neutral” rating on Monday, October 16 by UBS. The company was maintained on Friday, July 28 by Piper Jaffray. Atlantic Securities upgraded the shares of WFC in report on Wednesday, January 10 to “Neutral” rating. The firm has “Outperform” rating given on Wednesday, April 19 by Evercore. On Friday, April 15 the stock rating was downgraded by Piper Jaffray to “Underweight”. Barclays Capital maintained the shares of WFC in report on Tuesday, January 3 with “Overweight” rating. On Monday, October 16 the stock rating was maintained by BMO Capital Markets with “Market Perform”.

Since November 17, 2017, it had 0 insider buys, and 1 insider sale for $292,234 activity.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.17 EPS, up 9.35% or $0.10 from last year’s $1.07 per share. WFC’s profit will be $5.70B for 11.23 P/E if the $1.17 EPS becomes a reality. After $1.12 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 4.46% EPS growth.

Among 25 analysts covering Amgen Inc. (NASDAQ:AMGN), 11 have Buy rating, 0 Sell and 14 Hold. Therefore 44% are positive. Amgen Inc. had 88 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Barclays Capital on Friday, October 13. The company was maintained on Thursday, October 29 by UBS. The firm earned “Outperform” rating on Friday, July 31 by RBC Capital Markets. Vetr upgraded the shares of AMGN in report on Friday, August 21 to “Buy” rating. The firm earned “Market Perform” rating on Friday, February 2 by BMO Capital Markets. On Monday, September 7 the stock rating was upgraded by UBS to “Buy”. The stock of Amgen Inc. (NASDAQ:AMGN) earned “Buy” rating by Oppenheimer on Wednesday, August 23. The rating was maintained by Mizuho on Friday, July 14 with “Buy”. The stock has “Hold” rating by Jefferies on Monday, June 12. The firm has “Market Perform” rating by Raymond James given on Tuesday, September 1.

Investors sentiment increased to 1.22 in Q4 2017. Its up 0.23, from 0.99 in 2017Q3. It improved, as 73 investors sold AMGN shares while 458 reduced holdings. 122 funds opened positions while 527 raised stakes. 551.71 million shares or 0.60% less from 555.05 million shares in 2017Q3 were reported. Crestpoint Capital Mgmt Ltd Liability Corporation owns 0.81% invested in Amgen Inc. (NASDAQ:AMGN) for 8,400 shares. Armstrong Henry H Assoc has 3,193 shares for 0.09% of their portfolio. Wealthtrust stated it has 0.15% of its portfolio in Amgen Inc. (NASDAQ:AMGN). Brinker reported 0.08% stake. Birinyi Assoc accumulated 7,927 shares or 0.62% of the stock. Gradient Investments Ltd Limited Liability Company stated it has 0.04% of its portfolio in Amgen Inc. (NASDAQ:AMGN). Georgia-based Tnb Fincl has invested 0.77% in Amgen Inc. (NASDAQ:AMGN). Rockland owns 2,786 shares or 0.06% of their US portfolio. Deutsche Financial Bank Ag has 4.26M shares. Highvista Strategies Lc holds 0.1% or 2,100 shares. Franklin Street Advsr Nc, a North Carolina-based fund reported 2,803 shares. Moreover, Lombard Odier Asset Mgmt (Switzerland) has 0.05% invested in Amgen Inc. (NASDAQ:AMGN) for 3,253 shares. Sterling Glob Strategies Limited Com invested 1.45% of its portfolio in Amgen Inc. (NASDAQ:AMGN). 4,952 were reported by Rech &. 37,898 are held by Ci Investments Incorporated.

Analysts await Amgen Inc. (NASDAQ:AMGN) to report earnings on April, 26 after the close. They expect $3.22 earnings per share, up 2.22% or $0.07 from last year’s $3.15 per share. AMGN’s profit will be $2.15 billion for 13.32 P/E if the $3.22 EPS becomes a reality. After $2.89 actual earnings per share reported by Amgen Inc. for the previous quarter, Wall Street now forecasts 11.42% EPS growth.

Camelot Portfolios Llc, which manages about $349.26 million and $211.58M US Long portfolio, upped its stake in Guggenheim Bulletshrs 2018 Hy Corpbd Etf (Bsji) (BSJI) by 20,947 shares to 59,166 shares, valued at $1.49 million in 2017Q4, according to the filing. It also increased its holding in Guggenheim Bulletshrs 2020 Hy Corpbd Etf (Bsjk) (BSJK) by 23,735 shares in the quarter, for a total of 63,542 shares, and has risen its stake in Schwab Fundamental Intl Sm Co Etf (Fndc) (FNDC).

Since December 12, 2017, it had 0 insider purchases, and 5 selling transactions for $1.37 million activity.

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

Leave a Reply

Your email address will not be published. Required fields are marked *