Independence Trust Co Has Raised Wells Fargo & Co New (WFC) Holding By $433,125; Ray Gerald L & Associates LTD Has Decreased By $1.25 Million Its General Electric Co (GE) Position

December 12, 2017 - By Michael Collier

Ray Gerald L & Associates Ltd decreased General Electric Co (GE) stake by 12.77% reported in 2017Q2 SEC filing. Ray Gerald L & Associates Ltd sold 46,339 shares as General Electric Co (GE)’s stock declined 7.64%. The Ray Gerald L & Associates Ltd holds 316,504 shares with $8.55M value, down from 362,843 last quarter. General Electric Co now has $153.42B valuation. The stock increased 0.23% or $0.041 during the last trading session, reaching $17.691. About 4.74 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since December 12, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

Independence Trust Co increased Wells Fargo & Co New (WFC) stake by 16.04% reported in 2017Q2 SEC filing. Independence Trust Co acquired 7,875 shares as Wells Fargo & Co New (WFC)’s stock declined 8.66%. The Independence Trust Co holds 56,972 shares with $3.16 million value, up from 49,097 last quarter. Wells Fargo & Co New now has $290.78B valuation. The stock increased 0.31% or $0.18 during the last trading session, reaching $59.05. About 1.32M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since December 12, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

Investors sentiment decreased to 0.73 in Q2 2017. Its down 0.15, from 0.88 in 2017Q1. It dived, as 85 investors sold WFC shares while 685 reduced holdings. 110 funds opened positions while 566 raised stakes. 3.66 billion shares or 1.73% less from 3.73 billion shares in 2017Q1 were reported. Davidson holds 137,326 shares or 1.07% of its portfolio. Holt Limited Liability Dba Holt Prns Limited Partnership holds 0.65% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 34,189 shares. Cetera Advisors Lc owns 38,540 shares for 0.13% of their portfolio. Calamos Wealth Limited Liability Corp accumulated 0.76% or 96,489 shares. Dearborn Prtn Ltd Limited Liability Company reported 114,559 shares or 0.47% of all its holdings. Summit Wealth Ltd Com reported 28,924 shares. Guardian Capital Advsrs Lp holds 188,529 shares. Sg Americas Securities Limited Liability Com stated it has 0.26% of its portfolio in Wells Fargo & Company (NYSE:WFC). Smead Capital Management invested in 1.49M shares or 3.97% of the stock. Mark Sheptoff Financial Planning Limited Liability owns 7,200 shares. Moreover, Solaris Asset Limited Co has 2.03% invested in Wells Fargo & Company (NYSE:WFC). Homrich Berg has invested 0.11% in Wells Fargo & Company (NYSE:WFC). Leisure invested 2.02% of its portfolio in Wells Fargo & Company (NYSE:WFC). Fca Tx holds 0.2% in Wells Fargo & Company (NYSE:WFC) or 8,161 shares. 64,198 were accumulated by Nelson Van Denburg And Campbell Wealth Mgmt Grp Inc Ltd Com.

Among 33 analysts covering Wells Fargo & Company (NYSE:WFC), 14 have Buy rating, 5 Sell and 14 Hold. Therefore 42% are positive. Wells Fargo & Company had 104 analyst reports since July 29, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, January 18 by Argus Research. As per Tuesday, September 27, the company rating was maintained by FBR Capital. RBC Capital Markets maintained it with “Buy” rating and $6000 target in Thursday, June 22 report. Goldman Sachs upgraded Wells Fargo & Company (NYSE:WFC) on Monday, January 11 to “Buy” rating. On Friday, October 16 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by RBC Capital Markets on Wednesday, August 30. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Sandler O’Neill on Wednesday, September 2. On Tuesday, November 15 the stock rating was downgraded by Guggenheim to “Neutral”. The firm has “Hold” rating by Jefferies given on Friday, September 15. The stock of Wells Fargo & Company (NYSE:WFC) has “Sell” rating given on Wednesday, May 31 by BMO Capital Markets.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.28 earnings per share, down 39.13% or $0.18 from last year’s $0.46 per share. GE’s profit will be $2.43 billion for 15.80 P/E if the $0.28 EPS becomes a reality. After $0.29 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.

Investors sentiment decreased to 0.69 in 2017 Q2. Its down 0.10, from 0.79 in 2017Q1. It dived, as 85 investors sold GE shares while 816 reduced holdings. 111 funds opened positions while 598 raised stakes. 4.61 billion shares or 0.66% more from 4.58 billion shares in 2017Q1 were reported. The Virginia-based Kanawha Cap Mngmt Lc has invested 1.75% in General Electric Company (NYSE:GE). Huntington Bank & Trust has 0.94% invested in General Electric Company (NYSE:GE). Zurcher Kantonalbank (Zurich Cantonalbank) holds 1.78M shares or 0.47% of its portfolio. Argyle Cap reported 162,677 shares or 1.78% of all its holdings. Amica Mutual Insur holds 1.15% of its portfolio in General Electric Company (NYSE:GE) for 465,028 shares. Becker Cap Mgmt holds 1.88% in General Electric Company (NYSE:GE) or 1.95 million shares. Cap Invsts stated it has 0.77% of its portfolio in General Electric Company (NYSE:GE). New Mexico Educational Retirement Board reported 1% stake. Capital Advsrs Ok stated it has 597,424 shares or 1.01% of all its holdings. Shapiro Limited Liability Corporation holds 0% or 18,868 shares. Moreover, Bedell Frazier Invest Counseling Lc has 2.72% invested in General Electric Company (NYSE:GE) for 276,223 shares. Premier Asset Mngmt has invested 0.53% in General Electric Company (NYSE:GE). Buckingham Asset Mngmt Limited Liability Co reported 0.69% of its portfolio in General Electric Company (NYSE:GE). Pennsylvania-based Tower Bridge has invested 0% in General Electric Company (NYSE:GE). First Fiduciary Invest Counsel Inc has 749,269 shares for 3.87% of their portfolio.

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