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Investors Buy Large Volume of Put Options on Wells Fargo & Co

25 November 2017

State Farm Mutual Automobile Insurance Company acquired 340,486 shares as Cerner Corp (CERN)'s stock rose 14.16%. The institutional holder with the second most shares is VANGUARD GROUP INC with a total of 317,784,379. Cerner Corp now has $23.29 billion valuation.

The most recent insider trade was by a Director named PUJADAS JUAN A, and it was an direct of 2355 shares - leaving the insider with 2355 shares after the transaction. It is down 16.62% since November 24, 2016 and is uptrending. It has outperformed by 2.84% the S&P500.

Pictet Bank & Trust Ltd increased its stake in Wells Fargo Co New (WFC) by 12.76% based on its latest 2017Q2 regulatory filing with the SEC. While talking about Performance of the Stock, Wells Fargo & Company now has a Weekly performance of 0.58%, monthly performance percentage is -2.45 percent, Quarterly performance is 3.64 percent, 6 months performance shows a percent value of 2.43% and Yearly Performance is 3.52 percent. The Greenhaven Associates Inc holds 7.03 million shares with $642.89M value, down from 7.32 million last quarter. Finally, First Citizens Bank & Trust Co. boosted its position in Wells Fargo & by 4.7% in the second quarter. The stock rose 0.20% or $0.11 reaching $54.17 per share. (NASDAQ:AAPL) has risen 62.48% since November 23, 2016 and is uptrending. It has underperformed by 7.03% the S&P500. The stock of Wells Fargo & Co (NYSE:WFC) earned "Buy" rating by Nomura on Thursday, September 28. They expect $1.04 EPS, up 0.97% or $0.01 from last year's $1.03 per share. The stock has a market cap of $266,400.00, a PE ratio of 13.06, a P/E/G ratio of 1.30 and a beta of 0.97.

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The stock's current distance from 20-Day Simple Moving Average (SMA20) is -1.7% where SMA50 and SMA200 are -0.83% and -0.68% respectively.

Investors of record on Friday, November 3rd will be paid a dividend of $0.39 per share. Its up 5.53, from 0.88 in 2017Q1.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. 14 funds opened positions while 47 raised stakes. First Fincl In owns 0.79% invested in Wells Fargo & Co (NYSE:WFC) for 22,434 shares. Teacher Retirement Of Texas owns 3.10 million shares or 1.18% of their United States portfolio. Texas-based Vaughan Nelson Investment Lp has invested 0.5% in Wells Fargo & Co (NYSE:WFC). 400.45 million shares or 0.08% more from 400.14 million shares in 2017Q1 were reported. Moody Bancorporation Division holds 0.12% of its portfolio in Wells Fargo & Co (NYSE:WFC) for 43,433 shares. The Paradice Investment Management Llc holds 587,566 shares with $36.25 million value, up from 257,583 last quarter. It fall, as 33 investors sold Yellow Media Ltd. shares while 112 reduced holdings. The insider FEDERIGHI CRAIG sold $9.91 million. Saybrook Capital Nc stated it has 5,500 shares or 0.15% of all its holdings. Payden & Rygel has invested 2.08% in Wells Fargo & Co (NYSE:WFC). (WFC) stake by 50.39% reported in 2017Q2 SEC filing.

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Since June 8, 2017, it had 0 insider buys, and 2 sales for $3.39 million activity. California Employees Retirement reported 1.09M shares. Mack Mary T had sold 38,988 shares worth $2.05 million. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Wells Fargo & Company had 103 analyst reports since July 29, 2015 according to SRatingsIntel. Royal Bank Of Canada restated a "buy" rating and issued a $60.00 target price on shares of Wells Fargo & in a research report on Wednesday, November 15th. RBC Capital Markets maintained it with "Buy" rating and $4200 target in Tuesday, July 18 report. The rating was maintained by Barclays Capital with "Overweight" on Tuesday, January 3. The firm earned "Outperform" rating on Wednesday, November 2 by BMO Capital Markets. UBS AG set a $57.00 target price on shares of Wells Fargo & and gave the stock a "neutral" rating in a research note on Friday, October 6th. BMO Capital Markets maintained the shares of WFC in report on Friday, October 6 with "Hold" rating. The firm has "Hold" rating given on Wednesday, June 28 by Keefe Bruyette & Woods. Tigress Financial downgraded the shares of WFM in report on Monday, August 7 to "Neutral" rating. The rating was maintained by Jefferies with "Hold" on Tuesday, June 6. Fic Capital owns 1.36% invested in Wells Fargo & Co (NYSE:WFC) for 59,578 shares. Therefore 53% are positive.

Several analysts are forecasting growth estimate of Wells Fargo & Company for the current quarter to be 6.3%. As per Tuesday, January 19, the company rating was maintained by Compass Point. The company was maintained on Monday, October 30 by SunTrust. The firm has "Neutral" rating given on Monday, March 14 by Credit Suisse. Oppenheimer downgraded the shares of CERN in report on Friday, February 10 to "Perform" rating. The company was initiated on Friday, April 8 by Piper Jaffray. The firm has "Buy" rating by Guggenheim given on Monday, July 27.

Investors sentiment decreased to 0.92 in Q2 2017. Its up 0.32, from 0.87 in 2017Q1. It is positive, as 29 investors sold DST shares while 12 reduced holdings. 74 funds opened positions while 170 raised stakes. Leisure has 40,976 shares for 2.02% of their portfolio. South State Corporation (NASDAQ:SSB) was raised too. Harding Loevner Limited Partnership accumulated 610 shares or 0% of the stock. Cipher Cap LP stated it has 83,651 shares or 0.21% of all its holdings. Freestone Cap invested 0.06% of its portfolio in DST Systems, Inc. Allen Inv Mgmt Ltd Llc invested in 0.03% or 16,352 shares. Horizon Kinetics Ltd Com has 7,659 shares. Qci Asset Mngmt New York, a New York-based fund reported 177,358 shares. Primecap Mngmt Com Ca reported 20,000 shares. Palisade Ltd Liability Nj accumulated 18,600 shares. Raymond James Tru Na holds 1.23% or 297,111 shares in its portfolio.

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Argent Capital Management Llc increased Visteon Corporation (NYSE:VC) stake by 4,000 shares to 41,190 valued at $4.20M in 2017Q2.