Glovista Investments Has Increased Its Tim Participacoes S A (TSU) Stake; Cumberland Partners LTD Has Lowered Wells Fargo & Co (WFC) Holding

November 14, 2017 - By Marie Mckinney

Cumberland Partners Ltd decreased Wells Fargo & Co (WFC) stake by 46.31% reported in 2017Q2 SEC filing. Cumberland Partners Ltd sold 139,680 shares as Wells Fargo & Co (WFC)’s stock declined 8.66%. The Cumberland Partners Ltd holds 161,915 shares with $8.97M value, down from 301,595 last quarter. Wells Fargo & Co now has $266.30B valuation. The stock declined 0.48% or $0.26 reaching $53.78 per share. About 20.82M shares traded or 23.56% up from the average. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since November 14, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

Glovista Investments Llc increased Tim Participacoes S A (TSU) stake by 315.2% reported in 2017Q2 SEC filing. Glovista Investments Llc acquired 210,248 shares as Tim Participacoes S A (TSU)’s stock declined 8.89%. The Glovista Investments Llc holds 276,951 shares with $4.10 million value, up from 66,703 last quarter. Tim Participacoes S A now has $8.43 billion valuation. The stock decreased 2.17% or $0.39 during the last trading session, reaching $17.34. About 439,339 shares traded. TIM Participacoes SA (ADR) (NYSE:TSU) has risen 48.97% since November 14, 2016 and is uptrending. It has outperformed by 32.27% the S&P500.

Analysts await Wells Fargo & Co (NYSE:WFC) to report earnings on January, 12. They expect $1.04 earnings per share, up 0.97% or $0.01 from last year’s $1.03 per share. WFC’s profit will be $5.15 billion for 12.93 P/E if the $1.04 EPS becomes a reality. After $1.04 actual earnings per share reported by Wells Fargo & Co for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 0.88 in 2017 Q2. Its up 0.12, from 0.76 in 2017Q1. It increased, as 85 investors sold WFC shares while 685 reduced holdings. 110 funds opened positions while 566 raised stakes. 3.66 billion shares or 1.73% less from 3.73 billion shares in 2017Q1 were reported. Alta Mgmt Limited owns 891,618 shares. Carnegie Asset Mgmt Limited Liability Corporation holds 0.3% of its portfolio in Wells Fargo & Co (NYSE:WFC) for 45,481 shares. Fcg Advsrs Limited Liability Company holds 4,555 shares. 42.55M are owned by Fincl Bank Of Ny Mellon Corporation. Gould Asset Limited Liability Company Ca has invested 0.25% of its portfolio in Wells Fargo & Co (NYSE:WFC). Atria Invs Ltd reported 45,930 shares. Valley National Advisers Inc holds 1.39% or 69,936 shares in its portfolio. Nwq Invest Co Ltd Liability accumulated 918,573 shares. Gilder Gagnon Howe Company Limited Liability has 0.02% invested in Wells Fargo & Co (NYSE:WFC). Point72 Asia (Hong Kong) Ltd holds 14,407 shares. Santa Barbara Asset Management Limited holds 3.12% or 3.35M shares in its portfolio. Integral Derivatives Limited Liability reported 0.04% stake. Rmb Capital Ltd Liability Com reported 0.31% stake. Kbc Nv has invested 0.6% of its portfolio in Wells Fargo & Co (NYSE:WFC). Zwj Invest Counsel Inc accumulated 56,109 shares.

Since May 16, 2017, it had 0 insider purchases, and 2 insider sales for $3.39 million activity. $2.05 million worth of stock was sold by Mack Mary T on Thursday, June 8. The insider Hardison Hope A. sold 20,000 shares worth $1.04M. $1.34M worth of Wells Fargo & Co (NYSE:WFC) shares were sold by Pelos Petros G.

Cumberland Partners Ltd increased Citigroup Inc New (NYSE:C) stake by 34,800 shares to 195,237 valued at $13.06 million in 2017Q2. It also upped Lyondellbasell Indus A Nv (NYSE:LYB) stake by 51,200 shares and now owns 205,755 shares. Royal Bank Of Canada (NYSE:RY) was raised too.

Among 32 analysts covering Wells Fargo & Company (NYSE:WFC), 13 have Buy rating, 5 Sell and 14 Hold. Therefore 41% are positive. Wells Fargo & Company had 102 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Wells Fargo & Co (NYSE:WFC) has “Buy” rating given on Monday, October 9 by Citigroup. Sandler O’Neill maintained the shares of WFC in report on Wednesday, April 12 with “Hold” rating. The firm earned “Hold” rating on Friday, August 11 by Jefferies. The stock has “Buy” rating by RBC Capital Markets on Thursday, July 27. The stock of Wells Fargo & Co (NYSE:WFC) earned “Neutral” rating by UBS on Friday, October 6. The company was maintained on Friday, July 28 by Piper Jaffray. The firm earned “Buy” rating on Monday, April 25 by Nomura. Vetr downgraded Wells Fargo & Co (NYSE:WFC) rating on Friday, August 28. Vetr has “Strong-Buy” rating and $58.72 target. The rating was upgraded by Deutsche Bank on Tuesday, September 8 to “Buy”. The company was maintained on Wednesday, May 31 by BMO Capital Markets.

Glovista Investments Llc decreased Ishares (EWZ) stake by 172,185 shares to 420,448 valued at $14.35 million in 2017Q2. It also reduced Ishares Inc stake by 15,611 shares and now owns 11,059 shares. Ishares Tr (EFAV) was reduced too.

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