Markets

JPMorgan; Citigroup; Wells Fargo; Broadcom — CORPORATE REPORT

JPMorgan; Citigroup; Wells Fargo; Broadcom — CORPORATE REPORT

At the end of 2017Q4, the 7.57M shares of the major banks company held by the hedge fund were valued at $459.00M, up from 248,800 at the end of the previous reported quarter. About 32.05 million shares traded or 35.83% up from the average. Coconut Grove Bank increased its stake in shares of Wells Fargo & Company by 54.9% in the third quarter. It has underperformed by 19.30% the S&P500. 18,858 are held by Pinebridge Invs L P. Blackrock reported 6.73M shares stake. Chapter Iv Investors Llc who had been investing in Range Res Corp for a number of months, seems to be bullish on the $3.58B market cap company. The results beat analysts' forecasts for earnings of $1.61 a share, according to FactSet. Pinnacle Foods Inc. (NYSE:PF) has declined 6.35% since April 14, 2017 and is downtrending. It has outperformed by 51.17% the S&P500.

Capital World Investors increased its holdings in Wells Fargo by 10.8% in the second quarter. Its down 0.27, from 1.35 in 2017Q3. The ratio improved due to WFC positioning: 63 sold and 746 reduced. Finally, Dimensional Fund Advisors LP increased its position in Wells Fargo by 17.8% during the 3rd quarter. Morgan Stanley upped their price objective on Wells Fargo from $72.00 to $75.00 and gave the company an "overweight" rating in a report on Friday, February 2nd. Ironwood Ltd Liability Corp invested 0.03% of its portfolio in General Electric Company (NYSE:GE). Welch Cap Partners Ltd Liability Co invested 0.72% of its portfolio in Range Resources Corporation (NYSE:RRC). State Of New Jersey Common Pension Fund D owns 5.14 million shares. Geode Capital Management LLC increased its position in Wells Fargo by 1.3% during the 4th quarter. Western Standard LLC now owns 62,315 shares of the financial services provider's stock valued at $3,437,000 after purchasing an additional 30,653 shares in the last quarter. Deutsche Bank maintained the shares of GE in report on Tuesday, November 21 with "Sell" rating. Finally, Farmers National Bank boosted its stake in shares of Wells Fargo by 2.9% during the 2nd quarter. Benjamin F Edwards reported 21,386 shares.

Wells Fargo (WFC) apologized a year ago for charging as many as 570,000 clients for vehicle insurance they didn't need. Wells Fargo has a fifty-two week low of $49.27 and a fifty-two week high of $66.31. Manufacturers Life Insur The accumulated 11.48M shares. The institutional investor held 55,977 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $977,000, down from 86,611 at the end of the previous reported quarter.

Since November 17, 2017, it had 0 insider buys, and 1 insider sale for $292,234 activity. Coastline Tru holds 0.6% in Wells Fargo & Company (NYSE:WFC) or 65,667 shares.

JPMorgan reported a record quarterly profit, while Citigroup and Wells Fargo topped analyst expectations. The rating was maintained by Robert W. Baird on Tuesday, September 5 with "Buy". The rating was downgraded by Vetr to "Strong-Buy" on Friday, August 28.

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Amid scandals surrounding its sales practices that have extended into the wealth and investment management unit, Wells Fargo said it lost 145 advisors during the first quarter, bringing its total headcount down to 14,399, according to the firm's latest quarterly report. The firm has a market capitalization of $253,301.77, a price-to-earnings ratio of 12.38, a P/E/G ratio of 1.37 and a beta of 1.13. Howard Weil downgraded the stock to "Sector Perform" rating in Monday, December 14 report. It manages about $10.76 billion and $10.30B US Long portfolio. It also reduced its holding in Babcock & Wilcox Enterpris I by 1.60M shares in the quarter, leaving it with 1.58M shares, and cut its stake in Brandywine Rlty Tr (NYSE:BDN).

In other news, Director Ronald Sargent bought 9,000 shares of the firm's stock in a transaction that occurred on Monday, February 12th. Bloombergsen has 2.29M shares. Its up 0.02, from 0.73 in 2017Q3. The bank reported a net income of $5.9 billion, which was up from $5.6 billion in the first quarter of 2017.