Wells Fargo & Co (WFC) Stock Declined While Oak Associates LTD Trimmed Stake; Mastercard (MA) Shareholder Page Arthur B Decreased Its Position as Market Value Rose

June 24, 2018 - By Michael Leger

Wells Fargo & Company (NYSE:WFC) Logo

Page Arthur B decreased its stake in Mastercard (MA) by 6.25% based on its latest 2018Q1 regulatory filing with the SEC. Page Arthur B sold 1,887 shares as the company’s stock rose 7.48% while stock markets declined. The institutional investor held 28,313 shares of the business services company at the end of 2018Q1, valued at $4.96 million, down from 30,200 at the end of the previous reported quarter. Page Arthur B who had been investing in Mastercard for a number of months, seems to be less bullish one the $210.34 billion market cap company. The stock increased 0.35% or $0.7 during the last trading session, reaching $201.48. About 3.13M shares traded. Mastercard Incorporated (NYSE:MA) has risen 56.80% since June 24, 2017 and is uptrending. It has outperformed by 44.23% the S&P500. Some Historical MA News: 06/03/2018 – XOX BHD XOXB.KL – CO HAS YET TO ENTER INTO ANY FORM OF AGREEMENT WITH MASTERCARD; 09/04/2018 – Mastercard and Phillips 66 Drive Easier Payments with Masterpass; 16/04/2018 – MOVES-Mastercard taps former U.S. trade representative as strategic growth president; 02/05/2018 – Mastercard Incorporated First-Quarter 2018 Financial Results Available on Company’s Website; 30/05/2018 – MASTERCARD TESTING BLOCKCHAIN SETTLEMENT FOR THREE BANKS: CFO; 17/04/2018 – Mastercard Closes Above 50-Day Moving Average: Technicals; 02/05/2018 – Mastercard’s Revenue Boosted by Increased Consumer Spending–3rd Update; 28/03/2018 – MASTERCARD INC MA.N : BERNSTEIN STARTS WITH OUTPERFORM; TARGET PRICE $207

Oak Associates Ltd decreased its stake in Wells Fargo & Co (WFC) by 70.19% based on its latest 2018Q1 regulatory filing with the SEC. Oak Associates Ltd sold 288,948 shares as the company’s stock declined 8.45% with the market. The institutional investor held 122,690 shares of the major banks company at the end of 2018Q1, valued at $6.43 million, down from 411,638 at the end of the previous reported quarter. Oak Associates Ltd who had been investing in Wells Fargo & Co for a number of months, seems to be less bullish one the $262.84 billion market cap company. The stock decreased 0.79% or $0.43 during the last trading session, reaching $53.94. About 24.54M shares traded or 28.58% up from the average. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since June 24, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: 20/04/2018 – Dealbook: Wells Fargo Faces Another Huge Fine. Is That Too Much?: DealBook Briefing; 24/04/2018 – Packaging Corporation of America’s Chief Executive Officer to Speak at Wells Fargo Securities Research, Economics & Strategy; 07/05/2018 – Wells Fargo Launches ‘Re-Established,’ a New Brand Campaign; 07/05/2018 – Tower International at Wells Fargo Conference Tomorrow; 20/04/2018 – CFPB CONSENT ORDER SAYS WELLS FARGO AGREED TO SETTLE WITHOUT ADMITTING OR DENYING ANY OF THE FINDINGS OF FACT OR CONCLUSIONS OF LAW; 02/05/2018 – Wells Fargo Advisors LLC Exits Position in J.M. Smucker; 15/03/2018 – In July, Wells Fargo blamed a third-party vendor for wrongly layering insurance policies on its auto borrowers; 13/04/2018 – WELLS FARGO 1Q PROVISION FOR CREDIT LOSSES $191M, EST. $729.4M; 17/05/2018 – Wells Fargo Employees Are Said to Improperly Alter Documents; 24/04/2018 – WELLS FARGO SAYS NONE OF SHAREHOLDER PROPOSALS WERE APPROVED

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on July, 26. They expect $1.54 EPS, up 40.00% or $0.44 from last year’s $1.1 per share. MA’s profit will be $1.61 billion for 32.71 P/E if the $1.54 EPS becomes a reality. After $1.50 actual EPS reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts 2.67% EPS growth.

Investors sentiment decreased to 0.86 in 2018 Q1. Its down 0.05, from 0.91 in 2017Q4. It dived, as 47 investors sold MA shares while 533 reduced holdings. 121 funds opened positions while 378 raised stakes. 750.68 million shares or 1.84% less from 764.78 million shares in 2017Q4 were reported. Fisher Asset Mgmt Ltd Com holds 0.11% or 543,336 shares in its portfolio. Capital Ww Investors invested in 0.54% or 13.74M shares. Ntv Asset Mgmt Lc accumulated 1,225 shares. Oakmont has 5.73% invested in Mastercard Incorporated (NYSE:MA) for 251,999 shares. First Foundation holds 0.02% or 2,061 shares. Magellan Asset Mgmt Ltd invested 5.09% of its portfolio in Mastercard Incorporated (NYSE:MA). Stephens Inc Ar reported 33,315 shares stake. King Wealth owns 2,992 shares for 0.19% of their portfolio. 831,834 were reported by Generation Invest Management Limited Liability Partnership. Wendell David Associates owns 158,416 shares. Robeco Institutional Asset Mgmt Bv stated it has 0.54% in Mastercard Incorporated (NYSE:MA). Wms Prtn Llc reported 0.24% in Mastercard Incorporated (NYSE:MA). C Group Hldgs A S holds 0.02% or 7,600 shares in its portfolio. Colony Group Inc Ltd Liability Corp has invested 1.29% in Mastercard Incorporated (NYSE:MA). Green Square Cap Lc reported 0.19% in Mastercard Incorporated (NYSE:MA).

Among 40 analysts covering Mastercard Incorporated (NYSE:MA), 35 have Buy rating, 0 Sell and 5 Hold. Therefore 88% are positive. Mastercard Incorporated had 131 analyst reports since July 21, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of MA in report on Thursday, December 21 with “Buy” rating. As per Thursday, January 5, the company rating was downgraded by RBC Capital Markets. Stephens maintained Mastercard Incorporated (NYSE:MA) on Thursday, February 1 with “Buy” rating. Guggenheim downgraded the shares of MA in report on Tuesday, November 1 to “Neutral” rating. The rating was initiated by UBS with “Hold” on Thursday, May 17. The firm earned “Top Pick” rating on Wednesday, February 1 by RBC Capital Markets. The rating was initiated by Sterne Agee CRT on Thursday, December 17 with “Buy”. Morgan Stanley maintained the shares of MA in report on Tuesday, September 19 with “Overweight” rating. UBS initiated it with “Buy” rating and $112 target in Wednesday, December 16 report. The rating was maintained by Stephens on Tuesday, January 9 with “Buy”.

More notable recent Mastercard Incorporated (NYSE:MA) news were published by: Seekingalpha.com which released: “Mastercard, Inc. (MA) Management Presents at RBC 2018 Financial Technology Investor Day Conference (Transcript)” on June 14, 2018, also Benzinga.com with their article: “Here’s Why You Should Know What The ‘Sharing Economy’ Is” published on June 21, 2018, Seekingalpha.com published: “Why I Would Still Choose Mastercard Over Visa” on May 28, 2018. More interesting news about Mastercard Incorporated (NYSE:MA) were released by: Benzinga.com and their article: “The IPO Outlook For The Week: Shipping, Medtech, Mobility And Retail” published on June 24, 2018 as well as Seekingalpha.com‘s news article titled: “Mastercard, Inc. (MA) Management Presents at William Blair Growth Stock Brokers Conference (Transcript)” with publication date: June 13, 2018.

Since January 2, 2018, it had 0 insider buys, and 8 insider sales for $59.23 million activity. The insider McLaughlin Edward Grunde sold 17,167 shares worth $2.61M. $5.53M worth of stock was sold by Murphy Timothy H on Monday, March 19. 3,993 shares were sold by Fraccaro Michael, worth $692,252. $1.09M worth of Mastercard Incorporated (NYSE:MA) shares were sold by CARLUCCI DAVID R. Another trade for 239,020 shares valued at $44.45 million was made by BANGA AJAY on Thursday, May 3. 17,496 shares were sold by Vosburg Craig, worth $3.25 million on Thursday, May 3.

Oak Associates Ltd, which manages about $1.01B and $1.43 billion US Long portfolio, upped its stake in Sanofi Ads (NYSE:SNY) by 26,105 shares to 114,590 shares, valued at $4.59M in 2018Q1, according to the filing. It also increased its holding in Synchrony Financial (NYSE:SYF) by 30,665 shares in the quarter, for a total of 89,730 shares, and has risen its stake in H&R Block Inc. (NYSE:HRB).

Since May 24, 2018, it had 0 insider purchases, and 1 sale for $1.40 million activity.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Seekingalpha.com which released: “Stocks To Watch: More Trade Tiffs And Stress Tests” on June 23, 2018, also Bizjournals.com with their article: “Wells Fargo sheds almost 100 jobs in pricey San Francisco” published on June 19, 2018, Fool.com published: “Is Wells Fargo & Company a Buy?” on June 15, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Benzinga.com and their article: “Flagstar To Acquire 52 Wells Fargo Branches Across Midwest: ‘It Really Is A Good Fit'” published on June 07, 2018 as well as Investorplace.com‘s news article titled: “3 Key Bank Stocks Ahead of the Stress Tests” with publication date: June 20, 2018.

Investors sentiment decreased to 0.59 in Q1 2018. Its down 0.16, from 0.75 in 2017Q4. It is negative, as 108 investors sold WFC shares while 790 reduced holdings. 122 funds opened positions while 412 raised stakes. 3.62 billion shares or 0.62% less from 3.64 billion shares in 2017Q4 were reported. 5,225 are held by Schulhoff & Communications. Old Point Tru & Fin Svcs N A accumulated 19,057 shares. Clearbridge Invs Ltd Liability Com owns 0.52% invested in Wells Fargo & Company (NYSE:WFC) for 10.42 million shares. Sonata Cap Gp accumulated 4,050 shares. Synovus Fin stated it has 116,795 shares. Willis Investment Counsel has invested 1.35% in Wells Fargo & Company (NYSE:WFC). Sfe Investment Counsel owns 52,327 shares. Founders Fincl Ltd Liability Corp holds 11,450 shares or 0.19% of its portfolio. 98,070 are owned by Pictet Retail Bank And Tru Ltd. Pennsylvania Tru invested 0.4% in Wells Fargo & Company (NYSE:WFC). 28 were accumulated by Toth Advisory Corp. Private Wealth Prtn Limited Liability Com has invested 0.05% in Wells Fargo & Company (NYSE:WFC). 60,081 were reported by Comml Bank Pictet And Cie (Asia) Ltd. Apg Asset Management Nv holds 0.81% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 9.82M shares. Temasek (Private) Ltd holds 0.02% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 77,303 shares.

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

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