Atria Investments Cut Wells Fargo & Co New (WFC) Holding By $1.53 Million; Pure Industrial Real Estate Trust (TSE:AAR.UN) Covered By 6 Bulls

July 17, 2017 - By Henry Gaston

Atria Investments Llc decreased Wells Fargo & Co New (WFC) stake by 36.43% reported in 2016Q4 SEC filing. Atria Investments Llc sold 27,778 shares as Wells Fargo & Co New (WFC)’s stock declined 8.66%. The Atria Investments Llc holds 48,471 shares with $2.67M value, down from 76,249 last quarter. Wells Fargo & Co New now has $271.79 billion valuation. The stock decreased 1.10% or $0.61 on July 14, reaching $54.99. About shares traded. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since July 17, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

Among 7 analysts covering Pure Industrial Real Estate (TSE:AAR.UN), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Pure Industrial Real Estate had 13 analyst reports since August 14, 2015 according to SRatingsIntel. On Wednesday, April 19 the stock rating was maintained by BMO Capital Markets with “Outperform”. The company was maintained on Tuesday, January 31 by Scotia Capital. As per Wednesday, March 8, the company rating was maintained by Desjardins Securities. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, May 20 report. Scotia Capital maintained the stock with “Outperform” rating in Monday, September 19 report. The rating was maintained by IBC on Friday, October 14 with “Outperform”. See Pure Industrial Real Estate Trust (TSE:AAR.UN) latest ratings:

15/05/2017 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $6.00 New Target: $6.75 Target Up
19/04/2017 Broker: BMO Capital Markets Rating: Outperform New Target: $7.00 Maintain
10/03/2017 Broker: Eight Capital Rating: Buy Old Target: $5.75 New Target: $6.15 Target Up
10/03/2017 Broker: Scotia Capital Rating: Outperform Old Target: $6.00 New Target: $6.25 Target Up
08/03/2017 Broker: Desjardins Securities Rating: Buy New Target: $6.25 Maintain
31/01/2017 Broker: Scotia Capital Rating: Outperform New Target: $6.00 Maintain

Atria Investments Llc increased Cisco Sys Inc (NASDAQ:CSCO) stake by 54,942 shares to 130,890 valued at $3.96 million in 2016Q4. It also upped Schwab Strategic Tr (SCHV) stake by 147,349 shares and now owns 154,814 shares. Bank Amer Corp (NYSE:BAC) was raised too.

Analysts await Wells Fargo & Co (NYSE:WFC) to report earnings on October, 13. They expect $1.06 EPS, up 2.91% or $0.03 from last year’s $1.03 per share. WFC’s profit will be $5.24 billion for 12.97 P/E if the $1.06 EPS becomes a reality. After $1.07 actual EPS reported by Wells Fargo & Co for the previous quarter, Wall Street now forecasts -0.93% negative EPS growth.

Investors sentiment decreased to 0.67 in Q4 2016. Its down 0.30, from 0.97 in 2016Q3. It turned negative, as 112 investors sold WFC shares while 836 reduced holdings. 149 funds opened positions while 487 raised stakes. 3.70 billion shares or 2.97% more from 3.60 billion shares in 2016Q3 were reported. Cobblestone Advsr Ltd New York stated it has 19,282 shares or 0.15% of all its holdings. Barrington Strategic Wealth Mngmt Grp Limited Company invested in 44,283 shares. The California-based Fort Point Ptnrs Ltd Limited Liability Company has invested 0.13% in Wells Fargo & Co (NYSE:WFC). Fred Alger Management Inc owns 1.41 million shares. Murphy Cap Mgmt owns 0.18% invested in Wells Fargo & Co (NYSE:WFC) for 20,267 shares. Duff And Phelps Investment Mgmt has invested 0.03% in Wells Fargo & Co (NYSE:WFC). First Fiduciary Investment Counsel stated it has 433,928 shares. Grisanti Cap Ltd Com has 307,395 shares. B And T Mngmt Dba Alpha Mngmt reported 1.82% stake. Hudock Group Inc Limited has invested 1.19% of its portfolio in Wells Fargo & Co (NYSE:WFC). Thornburg Mngmt, a New Mexico-based fund reported 21,403 shares. Tru Of Oklahoma reported 7,490 shares. Bancorpsouth, Mississippi-based fund reported 57,228 shares. Lynch & In has 108,527 shares for 2.52% of their portfolio. Mason Street Advsrs owns 618,325 shares.

Among 31 analysts covering Wells Fargo & Company (NYSE:WFC), 13 have Buy rating, 5 Sell and 13 Hold. Therefore 42% are positive. Wells Fargo & Company had 76 analyst reports since July 29, 2015 according to SRatingsIntel. Macquarie Research maintained the shares of WFC in report on Friday, September 25 with “Underperform” rating. The company was maintained on Friday, July 14 by Oppenheimer. The firm has “Buy” rating given on Tuesday, September 8 by Evercore. Jefferies maintained the shares of WFC in report on Friday, July 7 with “Hold” rating. The company was downgraded on Monday, April 11 by Sandler O’Neill. On Wednesday, July 13 the stock rating was initiated by Berenberg with “Hold”. The company was upgraded on Wednesday, April 26 by Guggenheim. The rating was initiated by Piper Jaffray with “Neutral” on Tuesday, November 24. The stock has “Sell” rating by UBS on Thursday, September 15. The stock of Wells Fargo & Co (NYSE:WFC) earned “Sell” rating by BMO Capital Markets on Friday, July 14.

Since March 3, 2017, it had 1 buying transaction, and 7 selling transactions for $397.31 million activity. 7.13M shares were sold by BERKSHIRE HATHAWAY INC, worth $383.92M. Loughlin Michael J had sold 20,000 shares worth $1.04M on Tuesday, March 21. Shares for $2.05 million were sold by Mack Mary T. On Friday, May 5 the insider SARGENT RONALD bought $499,108. 117,704 shares were sold by CARROLL DAVID M, worth $6.95 million. $1.04 million worth of stock was sold by Hardison Hope A. on Tuesday, May 16. The insider Pelos Petros G sold 24,708 shares worth $1.34M.

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