As Wells Fargo Co New (WFC) Stock Declined, Peak Asset Management Upped Holding; Addison Capital Company Has Boosted Its General Motors Co (GM) Holding by $426,734; Share Price Declined

October 23, 2017 - By Adrian Erickson

Peak Asset Management Llc increased its stake in Wells Fargo Co New (WFC) by 6.14% based on its latest 2017Q2 regulatory filing with the SEC. Peak Asset Management Llc bought 5,733 shares as the company’s stock declined 8.66% while stock markets rallied. The hedge fund held 99,045 shares of the major banks company at the end of 2017Q2, valued at $5.49 million, up from 93,312 at the end of the previous reported quarter. Peak Asset Management Llc who had been investing in Wells Fargo Co New for a number of months, seems to be bullish on the $270.59B market cap company. The stock decreased 0.02% or $0.01 during the last trading session, reaching $54.91. About 17.99M shares traded or 3.87% up from the average. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since October 23, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.




Addison Capital Company increased its stake in General Motors Co (GM) by 16.63% based on its latest 2017Q2 regulatory filing with the SEC. Addison Capital Company bought 12,551 shares as the company’s stock declined 12.09% while stock markets rallied. The institutional investor held 88,037 shares of the auto manufacturing company at the end of 2017Q2, valued at $3.08 million, up from 75,486 at the end of the previous reported quarter. Addison Capital Company who had been investing in General Motors Co for a number of months, seems to be bullish on the $65.79 billion market cap company. The stock decreased 1.01% or $0.46 during the last trading session, reaching $45.15. About 10.75M shares traded. General Motors Company (NYSE:GM) has risen 7.92% since October 23, 2016 and is uptrending. It has underperformed by 8.78% the S&P500.

Investors sentiment decreased to 1.02 in Q2 2017. Its down 0.06, from 1.08 in 2017Q1. It fall, as 75 investors sold GM shares while 286 reduced holdings. 71 funds opened positions while 297 raised stakes. 1.03 billion shares or 4.93% less from 1.08 billion shares in 2017Q1 were reported. Johnson Inv Counsel holds 0.02% or 15,721 shares in its portfolio. Moreover, Rmb Cap Mngmt Ltd Company has 0.02% invested in General Motors Company (NYSE:GM) for 15,836 shares. Hsbc Holdings Public Limited Company invested 0.21% of its portfolio in General Motors Company (NYSE:GM). Sandy Spring National Bank reported 0.01% in General Motors Company (NYSE:GM). Texas-based Beacon Finance Grp Inc has invested 0.12% in General Motors Company (NYSE:GM). Blue Chip Prns holds 0.91% of its portfolio in General Motors Company (NYSE:GM) for 74,749 shares. Jane Street Grp Inc Llc accumulated 237,152 shares. Cubic Asset Ltd Liability invested 0.29% of its portfolio in General Motors Company (NYSE:GM). Finemark Comml Bank Tru owns 71,006 shares. Ibm Retirement Fund holds 0.24% or 33,526 shares in its portfolio. Moreover, Martingale Asset Mgmt LP has 0.01% invested in General Motors Company (NYSE:GM) for 14,080 shares. Cordasco Finance accumulated 3,514 shares. 665 were accumulated by Muhlenkamp & Co. Moreover, Amalgamated Bancorp has 0.18% invested in General Motors Company (NYSE:GM) for 154,479 shares. Johnson Financial Group has invested 0.2% of its portfolio in General Motors Company (NYSE:GM).

Among 27 analysts covering General Motors Company (NYSE:GM), 14 have Buy rating, 2 Sell and 11 Hold. Therefore 52% are positive. General Motors Company had 68 analyst reports since July 24, 2015 according to SRatingsIntel. CLSA initiated the shares of GM in report on Wednesday, June 21 with “Hold” rating. As per Friday, September 18, the company rating was maintained by S&P Research. Jefferies initiated the shares of GM in report on Tuesday, August 9 with “Hold” rating. RBC Capital Markets maintained General Motors Company (NYSE:GM) on Thursday, October 22 with “Sector Perform” rating. The firm has “Hold” rating by Jefferies given on Monday, August 28. The stock of General Motors Company (NYSE:GM) earned “Neutral” rating by Bank of America on Wednesday, October 26. The rating was maintained by Morgan Stanley on Wednesday, June 28 with “Overweight”. The firm has “Outperform” rating given on Monday, January 11 by Credit Suisse. The stock of General Motors Company (NYSE:GM) earned “Hold” rating by Jefferies on Monday, June 12. Morgan Stanley maintained General Motors Company (NYSE:GM) on Thursday, September 21 with “Overweight” rating.

More notable recent General Motors Company (NYSE:GM) news were published by: Seekingalpha.com which released: “Should You Sell GM?” on October 16, 2017, also Forbes.com with their article: “What To Expect From General Motors’ Q3” published on October 20, 2017, Benzinga.com published: “Upcoming Earnings: General Motors And Ford To Report Quarterly Results This Week” on October 23, 2017. More interesting news about General Motors Company (NYSE:GM) were released by: Twst.com and their article: “GM – General Motors Company: GM Declares Quarterly Dividend” published on October 23, 2017 as well as Nasdaq.com‘s news article titled: “Should You Buy General Motors (GM) Ahead of Earnings?” with publication date: October 23, 2017.

Investors sentiment increased to 0.88 in Q2 2017. Its up 0.12, from 0.76 in 2017Q1. It is positive, 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. Bellecapital Limited stated it has 1.4% in Wells Fargo & Co (NYSE:WFC). Wealthtrust reported 0.14% stake. 5.64M are held by Nordea Investment Management Ab. Winch Advisory Svcs Limited Liability Corp holds 2,776 shares or 0.1% of its portfolio. Ls Inv Advsr Limited Liability holds 0.74% of its portfolio in Wells Fargo & Co (NYSE:WFC) for 219,882 shares. Glynn Capital Ltd Liability invested in 19,165 shares. Asset Mgmt has invested 0.67% in Wells Fargo & Co (NYSE:WFC). Vantage Prtnrs Ltd Llc reported 5.81 million shares stake. Nationwide Fund, Pennsylvania-based fund reported 2.81 million shares. Moreover, Atwood Palmer Incorporated has 0.25% invested in Wells Fargo & Co (NYSE:WFC) for 28,894 shares. Amica Pension Fund Board Of Trustees reported 1.58% in Wells Fargo & Co (NYSE:WFC). Rhenman & Prtn Asset Mgmt Ab stated it has 0.06% in Wells Fargo & Co (NYSE:WFC). Godshalk Welsh Capital Incorporated accumulated 0.46% or 8,300 shares. Adams Asset Advsr Lc owns 0.68% invested in Wells Fargo & Co (NYSE:WFC) for 83,007 shares. Gotham Asset Mgmt Limited Liability Company owns 145,957 shares or 0.11% of their US portfolio.

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 101 analyst reports since July 29, 2015 according to SRatingsIntel. As per Wednesday, July 13, the company rating was initiated by Berenberg. The firm earned “Neutral” rating on Wednesday, September 21 by JP Morgan. Piper Jaffray maintained the stock with “Hold” rating in Friday, October 13 report. Rafferty downgraded Wells Fargo & Co (NYSE:WFC) on Wednesday, April 12 to “Sell” rating. UBS maintained Wells Fargo & Co (NYSE:WFC) on Friday, October 6 with “Neutral” rating. The stock of Wells Fargo & Co (NYSE:WFC) earned “Strong-Buy” rating by Vetr on Wednesday, September 2. The rating was maintained by Deutsche Bank on Thursday, September 22 with “Buy”. The rating was maintained by Robert W. Baird with “Buy” on Friday, October 6. The firm earned “Neutral” rating on Tuesday, April 11 by Piper Jaffray. Macquarie Research maintained it with “Underperform” rating and $50 target in Friday, September 25 report.

More notable recent Wells Fargo & Co (NYSE:WFC) news were published by: Seekingalpha.com which released: “Wells Fargo Is A Hold” on October 18, 2017, also Reuters.com with their article: “Wells Fargo faulted by US regulator for auto insurance abuses: NYT” published on October 20, 2017, Reuters.com published: “Senators grill Wells Fargo CEO over scandal, forced arbitration” on October 03, 2017. More interesting news about Wells Fargo & Co (NYSE:WFC) were released by: Seekingalpha.com and their article: “Not Much Going Right For Wells Fargo Yet” published on October 18, 2017 as well as Reuters.com‘s news article titled: “Wells Fargo revises expense outlook, signaling profit difficulties ahead” with publication date: October 13, 2017.

Since May 5, 2017, it had 1 insider buy, and 3 sales for $3.93 million activity. Pelos Petros G sold 24,708 shares worth $1.34 million. $1.04M worth of Wells Fargo & Co (NYSE:WFC) shares were sold by Hardison Hope A.. 9,050 shares valued at $499,108 were bought by SARGENT RONALD on Friday, May 5.

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