Associated Banc-Corp Has Lowered By $464,776 Its Wells Fargo Co New (WFC) Holding; Renren American Depositary Shares Each Repre (RENN) Shorts Raised By 11.16%

August 12, 2018 - By Matthew Richard

Wells Fargo & Company (NYSE:WFC) Logo

Associated Banc-Corp decreased Wells Fargo Co New (WFC) stake by 4.26% reported in 2018Q1 SEC filing. Associated Banc-Corp sold 8,938 shares as Wells Fargo Co New (WFC)’s stock declined 8.45%. The Associated Banc-Corp holds 201,014 shares with $10.54M value, down from 209,952 last quarter. Wells Fargo Co New now has $279.58 billion valuation. The stock decreased 0.67% or $0.39 during the last trading session, reaching $58.05. About 16.17M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since August 12, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: 09/05/2018 – Wells Fargo Owes California Bankers $97 Million for Rest Breaks; 08/05/2018 – Horizon Global at Wells Fargo Industrials Conference Tomorrow; 18/05/2018 – Wells Fargo Is Long U.K. Exporters, Hedged Sterling (Video); 13/04/2018 – Wells Fargo quarterly profit rises 6 percent; 13/04/2018 – WELLS FARGO – PRELIM. RESULTS SUBJECT TO CHANGE DUE TO DISCUSSIONS WITH CFPB AND OCC TO RESOLVE MATTERS REGARDING COMPLIANCE RISK MANAGEMENT PROGRAM; 24/04/2018 – LyondellBasell to Address Wells Fargo Industrials Conference; 13/04/2018 – Wells Fargo 1Q Return on Equity 12.37%; 20/04/2018 – FOX 5 Atlanta: #BREAKING: NEW YORK (AP) — Wells Fargo hit with $1 billion fine for auto loan and mortgage abuses. #fox5atl; 12/04/2018 – Olin Presenting at Wells Fargo Industrials Conference May 8; 07/03/2018 – NY Bizjournal: Banking Roundup: Wells Fargo wealth-management unit under Fed probe… Amazon checking accounts

Renren Inc American Depositary Shares Each Repre (NYSE:RENN) had an increase of 11.16% in short interest. RENN’s SI was 858,900 shares in August as released by FINRA. Its up 11.16% from 772,700 shares previously. With 176,200 avg volume, 5 days are for Renren Inc American Depositary Shares Each Repre (NYSE:RENN)’s short sellers to cover RENN’s short positions. The SI to Renren Inc American Depositary Shares Each Repre’s float is 5.65%. The stock increased 5.24% or $0.11 during the last trading session, reaching $2.21. About 185,731 shares traded. Renren Inc. (NYSE:RENN) has risen 30.19% since August 12, 2017 and is uptrending. It has outperformed by 17.62% the S&P500. Some Historical RENN News: 07/05/2018 – Renren 4Q Loss/Shr 5c; 07/05/2018 – Renren 4Q Rev $97.1M; 30/04/2018 – Renren Transfers Significant Portion of Its Assets to Oak Pacific; 07/05/2018 – RENREN SEES 1Q REV. $136M TO $141M; 07/05/2018 – Renren 4Q Loss $54.3M; 13/05/2018 – Renren’s small investors take asset fight to SEC; 30/04/2018 – Renren: Dividend Contingent Upon Successful Completion of Private Placement; 30/04/2018 – Renren Aims to Address Concerns That It May Be Deemed to Be an Investment Company; 30/04/2018 – Renren Will Continue to Operate SNS, Used-Auto, SaaS Businesses; 13/05/2018 – Renren asset sale stirs anger of small shareholders

Renren Inc. operates a social networking Internet platform in the PeopleÂ’s Republic of China. The company has market cap of $152.48 million. It operates through two divisions, Renren and Internet Finance. It currently has negative earnings. The firm operates Renren.com and Renren Mobile App that enable users to communicate and stay connected with friends, classmates, family members, and co-workers; and woxiu.com, a PC social video platform for users to stream their performances live to viewers.

More news for Renren Inc. (NYSE:RENN) were recently published by: Benzinga.com, which released: “26 Stocks Moving In Monday’s Pre-Market Session” on August 06, 2018. Prnewswire.com‘s article titled: “Trucker Path Teams with Goodyear” and published on August 09, 2018 is yet another important article.

Associated Banc-Corp increased Vanguard Index Fds (VOO) stake by 6,151 shares to 26,462 valued at $6.41M in 2018Q1. It also upped Boston Scientific Corp (NYSE:BSX) stake by 80,673 shares and now owns 420,053 shares. Barclays Bk Plc (DJP) was raised too.

Since May 24, 2018, it had 0 insider purchases, and 1 insider sale for $1.40 million activity. 25,567 Wells Fargo & Company (NYSE:WFC) shares with value of $1.40M were sold by Pelos Petros G.

Investors sentiment decreased to 0.59 in 2018 Q1. 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. Cambridge Trust reported 29,894 shares. Kayne Anderson Rudnick Limited, a California-based fund reported 4,719 shares. Drexel Morgan & Comm has invested 0.35% of its portfolio in Wells Fargo & Company (NYSE:WFC). Callahan Lc has 0.06% invested in Wells Fargo & Company (NYSE:WFC). 9,302 were accumulated by First Heartland Consultants. Gabelli Funds Ltd Limited Liability Company reported 1.94M shares or 0.61% of all its holdings. Brandywine Global Invest Mgmt Ltd Liability has invested 1.56% in Wells Fargo & Company (NYSE:WFC). Johnson Invest Counsel has 0.07% invested in Wells Fargo & Company (NYSE:WFC). Pictet And Cie (Europe) Sa owns 0.88% invested in Wells Fargo & Company (NYSE:WFC) for 101,722 shares. Sg Americas Secs has invested 0.24% in Wells Fargo & Company (NYSE:WFC). Schwab Charles Investment Mgmt Inc holds 0.67% or 16.54 million shares. Baldwin Invest Mgmt Ltd Liability has invested 0.32% of its portfolio in Wells Fargo & Company (NYSE:WFC). Seaward Mngmt Partnership owns 105,333 shares or 0.28% of their US portfolio. Quantitative Investment Mngmt Ltd Liability invested in 0.89% or 978,900 shares. Alley Lc reported 1.84% stake.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on October, 12. They expect $1.17 EPS, up 12.50% or $0.13 from last year’s $1.04 per share. WFC’s profit will be $5.63 billion for 12.40 P/E if the $1.17 EPS becomes a reality. After $1.08 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 8.33% EPS growth.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Seekingalpha.com which released: “Wells Fargo: Should We Start Building Longs?” on August 09, 2018, also Seekingalpha.com with their article: “Wells Fargo: Poised For 2019 Turnaround?” published on July 17, 2018, Benzinga.com published: “KBW Upgrades Wells Fargo Despite Q2 Miss, Says Valuation ‘Compelling'” on July 16, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Finance.Yahoo.com and their article: “3 Big Stock Charts for Monday: Wells Fargo, Philip Morris and Gilead Sciences” published on July 23, 2018 as well as Seekingalpha.com‘s news article titled: “Wells Fargo: Dividend Yield And Share Buyback Program Make It A Buy” with publication date: July 18, 2018.

Among 14 analysts covering Wells Fargo (NYSE:WFC), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Wells Fargo had 22 analyst reports since March 26, 2018 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Monday, April 16. On Thursday, March 29 the stock rating was maintained by Sandler O’Neill with “Buy”. BMO Capital Markets maintained it with “Hold” rating and $5700 target in Friday, April 13 report. Robert W. Baird maintained the shares of WFC in report on Monday, March 26 with “Buy” rating. The rating was maintained by Sandler O’Neill with “Buy” on Friday, April 13. The stock of Wells Fargo & Company (NYSE:WFC) has “Hold” rating given on Sunday, April 15 by Keefe Bruyette & Woods. The stock of Wells Fargo & Company (NYSE:WFC) has “Outperform” rating given on Monday, July 16 by Wood. The stock of Wells Fargo & Company (NYSE:WFC) has “Hold” rating given on Monday, April 23 by Susquehanna. Morgan Stanley upgraded Wells Fargo & Company (NYSE:WFC) rating on Monday, July 2. Morgan Stanley has “Equal-Weight” rating and $62 target. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, July 16 report.

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

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