April 6, 2016

Guggenheim Lowers Wells Fargo (WFC) to Neutral


Wells Fargo (NYSE:WFC) was downgraded by equities research analysts at Guggenheim from a “buy” rating to a “neutral” rating in a research report issued on Wednesday, The Fly reports.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Numeric Investors LLC raised its position in Wells Fargo by 105.3% in the fourth quarter. Numeric Investors LLC now owns 499,700 shares of the financial services provider’s stock worth $27,164,000 after buying an additional 256,300 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Wells Fargo by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 8,908,244 shares of the financial services provider’s stock valued at $484,252,000 after buying an additional 140,938 shares during the last quarter. IPG Investment Advisors LLC raised its stake in shares of Wells Fargo by 1.6% in the fourth quarter. IPG Investment Advisors LLC now owns 56,887 shares of the financial services provider’s stock valued at $3,094,000 after buying an additional 900 shares during the last quarter. Atlas Brown Inc. raised its stake in shares of Wells Fargo by 22.3% in the fourth quarter. Atlas Brown Inc. now owns 8,326 shares of the financial services provider’s stock valued at $404,000 after buying an additional 1,517 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Wells Fargo by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 805,185 shares of the financial services provider’s stock valued at $43,770,000 after buying an additional 2,800 shares during the last quarter.


Source: South Florida Hedge Fund Managers