As First American Financial Corp. (FAF) Stock Rose, Navellier & Associates Has Cut Holding by $438,312; As Wells Fargo Co New (WFC) Shares Declined, Aviva Plc Has Decreased by $23.61 Million Its Stake

May 19, 2018 - By Maria Brooks

Wells Fargo & Company (NYSE:WFC) Logo

Louis Navellier decreased its stake in First American Financial Corp. (FAF) by 13.62% based on its latest 2017Q4 regulatory filing with the SEC. Navellier & Associates Inc sold 7,827 shares as the company’s stock rose 2.97% while stock markets declined. The hedge fund run by Louis Navellier held 49,634 shares of the specialty insurers company at the end of 2017Q4, valued at $2.78M, down from 57,461 at the end of the previous reported quarter. Navellier & Associates Inc who had been investing in First American Financial Corp. for a number of months, seems to be less bullish one the $6.02B market cap company. The stock increased 0.63% or $0.34 during the last trading session, reaching $53.93. About 876,404 shares traded or 17.56% up from the average. First American Financial Corporation (NYSE:FAF) has risen 49.42% since May 19, 2017 and is uptrending. It has outperformed by 37.87% the S&P500.

Aviva Plc decreased its stake in Wells Fargo Co New (WFC) by 13.7% based on its latest 2017Q4 regulatory filing with the SEC. Aviva Plc sold 393,551 shares as the company’s stock declined 16.98% with the market. The institutional investor held 2.48 million shares of the major banks company at the end of 2017Q4, valued at $150.35 million, down from 2.87 million at the end of the previous reported quarter. Aviva Plc who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $261.67 billion market cap company. The stock decreased 0.96% or $0.52 during the last trading session, reaching $53.7. About 21.49 million shares traded or 6.75% up from the average. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since May 19, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Aviva Plc, which manages about $17.66B US Long portfolio, upped its stake in Equifax Inc (NYSE:EFX) by 37,207 shares to 525,645 shares, valued at $61.98 million in 2017Q4, according to the filing. It also increased its holding in Baidu Inc (NASDAQ:BIDU) by 4,878 shares in the quarter, for a total of 66,417 shares, and has risen its stake in Allergan Plc.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: 247Wallst.com which released: “6 Most Important Things in Business Today” on April 27, 2018, also Seekingalpha.com with their article: “Wells Fargo And Loan Demand” published on May 17, 2018, Seekingalpha.com published: “Wells Fargo: Buying Opportunity?” on April 25, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Livetradingnews.com and their article: “Wells Fargo & Company (NYSE:WFC) Heffx Daily Outlook” published on May 08, 2018 as well as Seekingalpha.com‘s news article titled: “Wells Fargo: Where Is The Upside?” with publication date: May 03, 2018.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 earnings per share, up 4.67% or $0.05 from last year’s $1.07 per share. WFC’s profit will be $5.46B for 11.99 P/E if the $1.12 EPS becomes a reality. After $1.12 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold. Therefore 44% are positive. Wells Fargo & Company had 149 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Strong-Buy” rating by Vining Sparks on Friday, April 28. The company was upgraded on Thursday, January 4 by Goldman Sachs. The stock of Wells Fargo & Company (NYSE:WFC) earned “Underweight” rating by Morgan Stanley on Monday, April 16. The stock of Wells Fargo & Company (NYSE:WFC) earned “Overweight” rating by JP Morgan on Friday, October 9. The company was maintained on Tuesday, January 3 by Barclays Capital. The firm earned “Buy” rating on Tuesday, September 8 by Deutsche Bank. The company was maintained on Thursday, September 28 by Nomura. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Tuesday, September 5 by Robert W. Baird. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by RBC Capital Markets on Wednesday, August 30. The firm earned “Hold” rating on Friday, September 15 by Jefferies.

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. S&T Bank Pa accumulated 38,469 shares or 0.4% of the stock. Jabre Cap Prtn Sa accumulated 1.19% or 95,000 shares. Farmers Merchants Invests reported 2.43% of its portfolio in Wells Fargo & Company (NYSE:WFC). Winch Advisory Ser, Wisconsin-based fund reported 2,616 shares. Davidson Investment Advsr owns 0.03% invested in Wells Fargo & Company (NYSE:WFC) for 4,469 shares. 3,858 were accumulated by Moon Cap Mgmt Lc. Gam Holding Ag holds 110,472 shares. Boston Private Wealth Lc reported 1.38% stake. Gillespie Robinson And Grimm Inc holds 80,602 shares. Old National Bank In reported 75,904 shares. Linscomb & Williams owns 85,654 shares for 0.43% of their portfolio. Fort Point Prtnrs Ltd Llc holds 1.01% in Wells Fargo & Company (NYSE:WFC) or 35,617 shares. Amer Century Companies Incorporated reported 6.57M shares. Smith Chas P Assocs Pa Cpas reported 433,719 shares. Ntv Asset Lc reported 11,363 shares.

Among 15 analysts covering First American Financial (NYSE:FAF), 8 have Buy rating, 1 Sell and 6 Hold. Therefore 53% are positive. First American Financial had 17 analyst reports since September 25, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Friday, February 12 by Barclays Capital. The rating was initiated by Stifel Nicolaus with “Buy” on Thursday, January 14. Piper Jaffray maintained the shares of FAF in report on Friday, September 25 with “Neutral” rating. The rating was initiated by Macquarie Research on Friday, December 18 with “Outperform”. The firm has “Sell” rating by Goldman Sachs given on Wednesday, January 13. The rating was initiated by Susquehanna on Tuesday, October 20 with “Positive”. The rating was initiated by Topeka Capital Markets with “Hold” on Friday, November 13. The firm has “Neutral” rating by Robert W. Baird given on Friday, November 13. Barclays Capital maintained the stock with “Overweight” rating in Friday, February 9 report. The firm earned “Buy” rating on Thursday, December 17 by Sterne Agee CRT.

Since April 30, 2018, it had 0 insider buys, and 1 sale for $1.42 million activity.

Navellier & Associates Inc, which manages about $2.37B and $534.84 million US Long portfolio, upped its stake in Ipg Photonics Corp (NASDAQ:IPGP) by 8,768 shares to 29,726 shares, valued at $6.37M in 2017Q4, according to the filing. It also increased its holding in Avery Dennison Corp. (NYSE:AVY) by 21,573 shares in the quarter, for a total of 58,568 shares, and has risen its stake in Applied Materials Inc. (NASDAQ:AMAT).

More important recent First American Financial Corporation (NYSE:FAF) news were published by: Businesswire.com which released: “First American Financial Corporation Appoints Martha B. Wyrsch to Board of Directors” on May 09, 2018, also Seekingalpha.com published article titled: “BofI Is Inexpensive – Cramer’s Lightning Round (4/30/18)”, Globenewswire.com published: “Detailed Research: Economic Perspectives on First American, Greenhill & Co., Acorda Therapeutics, Deckers Outdoor …” on May 15, 2018. More interesting news about First American Financial Corporation (NYSE:FAF) was released by: Seekingalpha.com and their article: “First American Financial (FAF) Investor Presentation – Slideshow” with publication date: May 18, 2018.

Analysts await First American Financial Corporation (NYSE:FAF) to report earnings on July, 26. They expect $1.24 EPS, up 26.53% or $0.26 from last year’s $0.98 per share. FAF’s profit will be $138.32M for 10.87 P/E if the $1.24 EPS becomes a reality. After $0.71 actual EPS reported by First American Financial Corporation for the previous quarter, Wall Street now forecasts 74.65% EPS growth.

First American Financial Corporation (NYSE:FAF) Institutional Positions Chart

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