Doheny Asset Management Raised Its Stake in Wells Fargo Bk N A (WFC) by $3.17 Million as Shares Declined; Sanofi (SNY) Holding Has Increased by Profund Advisors Llc

April 21, 2018 - By Clifton Ray

Sanofi (NYSE:SNY) Logo

Profund Advisors Llc increased its stake in Sanofi (SNY) by 22.77% based on its latest 2017Q4 regulatory filing with the SEC. Profund Advisors Llc bought 8,970 shares as the company’s stock declined 8.41% with the market. The institutional investor held 48,372 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $2.08 million, up from 39,402 at the end of the previous reported quarter. Profund Advisors Llc who had been investing in Sanofi for a number of months, seems to be bullish on the $99.64 billion market cap company. The stock decreased 0.50% or $0.2 during the last trading session, reaching $39.96. About 1.39M shares traded. Sanofi (NYSE:SNY) has declined 13.31% since April 21, 2017 and is downtrending. It has underperformed by 24.86% the S&P500.

Doheny Asset Management increased its stake in Wells Fargo Bk N A (WFC) by 251.41% based on its latest 2017Q4 regulatory filing with the SEC. Doheny Asset Management bought 52,861 shares as the company’s stock declined 16.98% with the market. The institutional investor held 73,887 shares of the major banks company at the end of 2017Q4, valued at $4.48M, up from 21,026 at the end of the previous reported quarter. Doheny Asset Management who had been investing in Wells Fargo Bk N A for a number of months, seems to be bullish on the $256.17B 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.

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

Doheny Asset Management, which manages about $245.55M and $214.55M US Long portfolio, decreased its stake in Celgene Corp (NASDAQ:CELG) by 19,780 shares to 28,595 shares, valued at $2.98 million in 2017Q4, according to the filing. It also reduced its holding in Halliburton Co Hldg (NYSE:HAL) by 9,244 shares in the quarter, leaving it with 43,196 shares, and cut its stake in Comcast Corp New (NASDAQ:CMCSA).

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. The firm has “Strong-Buy” rating given on Friday, April 28 by Vining Sparks. The stock has “Buy” rating by Buckingham Research on Thursday, December 21. As per Tuesday, October 4, the company rating was downgraded by Raymond James. Citigroup downgraded Wells Fargo & Company (NYSE:WFC) on Monday, February 5 to “Hold” rating. RBC Capital Markets maintained the shares of WFC in report on Thursday, June 22 with “Buy” rating. On Wednesday, January 11 the stock rating was reinitiated by UBS with “Neutral”. The company was maintained on Sunday, February 4 by BMO Capital Markets. The firm has “Buy” rating given on Friday, April 6 by Vining Sparks. Nomura maintained it with “Buy” rating and $58 target in Monday, April 25 report. The firm earned “Underperform” rating on Friday, September 25 by Macquarie Research.

Investors sentiment increased to 0.75 in Q4 2017. Its up 0.02, from 0.73 in 2017Q3. It increased, 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. Fincl Bank Of New York Mellon Corp invested in 0.73% or 45.45 million shares. Minnesota-based Sns Financial Gru Lc has invested 0.14% in Wells Fargo & Company (NYSE:WFC). Boys Arnold & has invested 0.31% in Wells Fargo & Company (NYSE:WFC). Dupont Cap Mngmt holds 0.27% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 193,497 shares. Intact Investment Mngmt invested 0.04% in Wells Fargo & Company (NYSE:WFC). Moreover, Ftb Advsr has 0.17% invested in Wells Fargo & Company (NYSE:WFC) for 29,777 shares. Cetera Advisor Net Lc holds 128,509 shares or 0.33% of its portfolio. Puzo Michael J holds 10,000 shares. S&Co stated it has 115,884 shares or 0.87% of all its holdings. Sterling Capital Management Limited Com, North Carolina-based fund reported 1.71M shares. Bath Savings has 3,600 shares for 0.05% of their portfolio. Colony Ltd Liability Company holds 15,525 shares or 0.06% of its portfolio. Strs Ohio invested 0.97% in Wells Fargo & Company (NYSE:WFC). Cheviot Value Management Llc holds 6,318 shares. Accredited Investors reported 13,557 shares stake.

Among 12 analysts covering Sanofi-aventis Sa (NYSE:SNY), 1 have Buy rating, 2 Sell and 9 Hold. Therefore 8% are positive. Sanofi-aventis Sa had 25 analyst reports since October 15, 2015 according to SRatingsIntel. Morgan Stanley upgraded the stock to “Overweight” rating in Thursday, October 15 report. The stock has “Reduce” rating by HSBC on Friday, April 7. Cowen & Co maintained the shares of SNY in report on Monday, December 18 with “Hold” rating. On Thursday, February 8 the stock rating was maintained by Bernstein with “Hold”. The stock of Sanofi (NYSE:SNY) has “Equal-Weight” rating given on Wednesday, November 15 by Barclays Capital. The rating was upgraded by Barclays Capital to “Overweight” on Thursday, May 12. As per Friday, April 21, the company rating was maintained by JP Morgan. BNP Paribas upgraded the shares of SNY in report on Tuesday, September 13 to “Neutral” rating. The rating was downgraded by Bank of America to “Hold” on Wednesday, December 6. JP Morgan maintained Sanofi (NYSE:SNY) on Friday, March 31 with “Sell” rating.

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

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