Outfitter Advisors LTD Has Cut Wells Fargo & Co (WFC) Stake By $376,560; Access National (ANCX) Shorts Up By 10.46%

April 17, 2018 - By Marie Mckinney

Wells Fargo & Company (NYSE:WFC) Logo

Outfitter Advisors Ltd decreased Wells Fargo & Co (WFC) stake by 13.67% reported in 2017Q4 SEC filing. Outfitter Advisors Ltd sold 6,276 shares as Wells Fargo & Co (WFC)’s stock declined 16.98%. The Outfitter Advisors Ltd holds 39,644 shares with $2.41M value, down from 45,920 last quarter. Wells Fargo & Co now has $247.59 billion valuation. The stock decreased 0.18% or $0.09 during the last trading session, reaching $50.8. About 31.88M shares traded or 35.08% up from the average. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 17, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Access National Corporation (NASDAQ:ANCX) had an increase of 10.46% in short interest. ANCX’s SI was 291,500 shares in April as released by FINRA. Its up 10.46% from 263,900 shares previously. With 63,000 avg volume, 5 days are for Access National Corporation (NASDAQ:ANCX)’s short sellers to cover ANCX’s short positions. The SI to Access National Corporation’s float is 2.06%. The stock increased 1.45% or $0.42 during the last trading session, reaching $29.44. About 52,018 shares traded or 9.55% up from the average. Access National Corporation (NASDAQ:ANCX) has declined 1.11% since April 17, 2017 and is downtrending. It has underperformed by 12.66% the S&P500.

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 stock has “Buy” rating by Guggenheim on Wednesday, July 29. The firm earned “Buy” rating on Wednesday, September 2 by Sandler O’Neill. The rating was maintained by BMO Capital Markets on Friday, January 12 with “Hold”. Susquehanna downgraded the shares of WFC in report on Thursday, December 1 to “Neutral” rating. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by RBC Capital Markets on Thursday, July 27. Keefe Bruyette & Woods maintained Wells Fargo & Company (NYSE:WFC) on Thursday, June 22 with “Buy” rating. Robert W. Baird maintained it with “Buy” rating and $58.0 target in Friday, November 10 report. The firm has “Neutral” rating by JP Morgan given on Wednesday, September 21. As per Monday, February 5, the company rating was maintained by Bank of America. Piper Jaffray upgraded Wells Fargo & Company (NYSE:WFC) rating on Tuesday, April 11. Piper Jaffray has “Neutral” rating and $55 target.

Since November 17, 2017, it had 0 insider buys, and 1 insider sale for $292,234 activity. Shares for $292,234 were sold by Codel Franklin R.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.17 earnings per share, up 9.35% or $0.10 from last year’s $1.07 per share. WFC’s profit will be $5.70B for 10.85 P/E if the $1.17 EPS becomes a reality. After $1.12 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 4.46% EPS growth.

Investors sentiment increased to 0.75 in 2017 Q4. 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. Linscomb And Williams invested 0.43% of its portfolio in Wells Fargo & Company (NYSE:WFC). Greatmark Investment Prtnrs Inc reported 79,371 shares stake. Altavista Wealth Mngmt has invested 0.78% of its portfolio in Wells Fargo & Company (NYSE:WFC). Koshinski Asset Mngmt Incorporated invested 0.27% in Wells Fargo & Company (NYSE:WFC). Mitchell Sinkler & Starr Pa holds 0.42% or 4,710 shares in its portfolio. Weatherly Asset Mgmt Limited Partnership invested 0.3% in Wells Fargo & Company (NYSE:WFC). Alabama-based Mitchell Mcleod Pugh Williams has invested 1.19% in Wells Fargo & Company (NYSE:WFC). New York-based Horizon Kinetics Limited Liability has invested 0.02% in Wells Fargo & Company (NYSE:WFC). Markston Llc holds 1.32% or 209,877 shares in its portfolio. Reilly Financial Advsr Lc owns 5,399 shares or 0.05% of their US portfolio. First Fiduciary Invest Counsel holds 3.29% in Wells Fargo & Company (NYSE:WFC) or 297,719 shares. 3,438 are owned by Sigma Inv Mgmt. Oxbow Advsrs Ltd Com reported 43,565 shares. Ami Management accumulated 149,674 shares. Asset Of Georgia Ga Adv stated it has 0.69% in Wells Fargo & Company (NYSE:WFC).

Investors sentiment increased to 1.82 in Q4 2017. Its up 0.32, from 1.5 in 2017Q3. It increased, as 4 investors sold Access National Corporation shares while 18 reduced holdings. 13 funds opened positions while 27 raised stakes. 6.83 million shares or 0.16% more from 6.82 million shares in 2017Q3 were reported. Renaissance Tech Limited Company holds 0.01% or 399,405 shares. Banc Funds Limited Liability Corporation accumulated 40,740 shares. Geode Cap Management Ltd Liability Corp owns 125,888 shares. State Common Retirement Fund reported 15,197 shares. Citigroup reported 3,966 shares. Brown Brothers Harriman Co invested in 0% or 17,752 shares. California State Teachers Retirement invested in 0% or 23,418 shares. Moreover, Tiaa Cref Ltd Liability Company has 0% invested in Access National Corporation (NASDAQ:ANCX). Pnc Ser Gru Inc holds 0% or 63,392 shares. Maltese Capital Mngmt Limited Liability Corporation holds 0.01% in Access National Corporation (NASDAQ:ANCX) or 3,200 shares. Vanguard Grp has 0% invested in Access National Corporation (NASDAQ:ANCX) for 622,659 shares. Earnest Prtnrs Ltd Liability Corporation accumulated 1,200 shares. Davenport & Ltd Company has invested 0% of its portfolio in Access National Corporation (NASDAQ:ANCX). Tower Research Ltd Liability Co (Trc) reported 1,398 shares. Thompson Davis holds 250 shares.

Access National Corporation operates as a bank holding firm for Access National Bank that provides credit, deposit, mortgage, and wealth management services to small and medium sized businesses, professionals, and associated individuals primarily in the greater Washington, D.C. The company has market cap of $609.31 million. Metropolitan Area. It has a 32.1 P/E ratio. The firm operates through three divisions: Commercial Banking, Mortgage Banking, and Wealth Management.

Access National Corporation (NASDAQ:ANCX) Institutional Positions Chart

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