As American Natl Bankshares (AMNB) Share Price Declined, Holder New York State Common Retirement Fund Has Lowered Holding by $763,762; Riverpoint Capital Management Decreased Wells Fargo Co New (WFC) Stake by $5.09 Million

April 8, 2018 - By Linda Rogers

Wells Fargo & Company (NYSE:WFC) Logo

Riverpoint Capital Management Llc decreased its stake in Wells Fargo Co New (WFC) by 63.98% based on its latest 2017Q4 regulatory filing with the SEC. Riverpoint Capital Management Llc sold 84,858 shares as the company’s stock declined 16.98% with the market. The institutional investor held 47,774 shares of the major banks company at the end of 2017Q4, valued at $2.90M, down from 132,632 at the end of the previous reported quarter. Riverpoint Capital Management Llc who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $254.68 billion market cap company. The stock decreased 1.93% or $1.03 during the last trading session, reaching $52.23. About 22.94 million shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 8, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

New York State Common Retirement Fund decreased its stake in American Natl Bankshares (AMNB) by 20.96% based on its latest 2017Q4 regulatory filing with the SEC. New York State Common Retirement Fund sold 20,099 shares as the company’s stock declined 3.17% with the market. The institutional investor held 75,809 shares of the finance company at the end of 2017Q4, valued at $2.90M, down from 95,908 at the end of the previous reported quarter. New York State Common Retirement Fund who had been investing in American Natl Bankshares for a number of months, seems to be less bullish one the $325.33 million market cap company. The stock decreased 1.57% or $0.6 during the last trading session, reaching $37.5. About 8,809 shares traded. American National Bankshares Inc. (NASDAQ:AMNB) has risen 7.62% since April 8, 2017 and is uptrending. It has underperformed by 3.93% the S&P500.

Riverpoint Capital Management Llc, which manages about $1.62 billion and $1.65B US Long portfolio, upped its stake in Ishares Tr (IVV) by 4,489 shares to 167,655 shares, valued at $45.07M in 2017Q4, according to the filing. It also increased its holding in Carnival Corp (NYSE:CCL) by 5,241 shares in the quarter, for a total of 275,662 shares, and has risen its stake in Apple Inc (NASDAQ:AAPL).

Investors sentiment increased to 0.75 in Q4 2017. Its up 0.02, from 0.73 in 2017Q3. It is positive, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Dowling And Yahnke Lc accumulated 0.88% or 160,209 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems owns 396,418 shares. Franklin Street Advisors Nc holds 23,415 shares. Sii Investments Inc Wi reported 15,942 shares. Norinchukin Financial Bank The accumulated 223,054 shares or 0.24% of the stock. Barrow Hanley Mewhinney & Strauss Llc stated it has 2.89% in Wells Fargo & Company (NYSE:WFC). Argyle Capital, a Pennsylvania-based fund reported 61,958 shares. Moreover, Osborne Partners Capital Mngmt Limited Liability Com has 1.94% invested in Wells Fargo & Company (NYSE:WFC). Fragasso Grp Inc stated it has 0.37% of its portfolio in Wells Fargo & Company (NYSE:WFC). Advisory Research has invested 0.42% in Wells Fargo & Company (NYSE:WFC). Hodges Mngmt Incorporated owns 45,691 shares. Thompson Investment Mngmt has 0.05% invested in Wells Fargo & Company (NYSE:WFC). Wealthfront invested in 111,797 shares or 0.08% of the stock. 8.31M are held by California State Teachers Retirement System. Lenox Wealth Mngmt, Ohio-based fund reported 1,379 shares.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 8 Sell and 16 Hold. Therefore 38% are positive. Wells Fargo & Company had 133 analyst reports since July 29, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, June 22 report. As per Monday, February 5, the company rating was downgraded by JP Morgan. Raymond James maintained the stock with “Sell” rating in Tuesday, August 8 report. The rating was maintained by Robert W. Baird on Friday, November 10 with “Buy”. The company was downgraded on Monday, February 5 by Wood. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Thursday, July 27 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, September 8 by Evercore. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Monday, January 11 by Goldman Sachs. Guggenheim downgraded Wells Fargo & Company (NYSE:WFC) on Tuesday, November 15 to “Neutral” rating. BMO Capital Markets downgraded it to “Underperform” rating and $47 target in Friday, November 18 report.

Since November 17, 2017, it had 0 buys, and 1 sale for $292,234 activity.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on April, 12. They expect $1.07 EPS, up 7.00% or $0.07 from last year’s $1 per share. WFC’s profit will be $5.22 billion for 12.20 P/E if the $1.07 EPS becomes a reality. After $0.97 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 10.31% EPS growth.

Analysts await American National Bankshares Inc. (NASDAQ:AMNB) to report earnings on April, 19. They expect $0.61 earnings per share, up 29.79% or $0.14 from last year’s $0.47 per share. AMNB’s profit will be $5.29M for 15.37 P/E if the $0.61 EPS becomes a reality. After $0.55 actual earnings per share reported by American National Bankshares Inc. for the previous quarter, Wall Street now forecasts 10.91% EPS growth.

Among 4 analysts covering American National Bankshares (NASDAQ:AMNB), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. American National Bankshares had 10 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, November 29 by Keefe Bruyette & Woods. The rating was downgraded by Raymond James to “Hold” on Friday, October 20. The rating was upgraded by Raymond James on Friday, July 24 to “Outperform”. Keefe Bruyette & Woods maintained the shares of AMNB in report on Thursday, December 21 with “Hold” rating. The firm has “Hold” rating given on Friday, January 19 by Keefe Bruyette & Woods. As per Friday, January 8, the company rating was initiated by Stephens. Keefe Bruyette & Woods downgraded American National Bankshares Inc. (NASDAQ:AMNB) on Tuesday, October 3 to “Hold” rating. Zacks downgraded the stock to “Buy” rating in Tuesday, September 1 report. Keefe Bruyette & Woods maintained American National Bankshares Inc. (NASDAQ:AMNB) on Monday, February 26 with “Hold” rating.

Investors sentiment decreased to 1 in Q4 2017. Its down 0.14, from 1.14 in 2017Q3. It dropped, as 8 investors sold AMNB shares while 17 reduced holdings. 5 funds opened positions while 20 raised stakes. 2.91 million shares or 1.62% more from 2.86 million shares in 2017Q3 were reported. Parallax Volatility Advisers Limited Partnership accumulated 1,260 shares or 0% of the stock. Deutsche Savings Bank Ag holds 0% or 35,210 shares in its portfolio. Tiaa Cref Investment Mngmt Ltd invested 0% in American National Bankshares Inc. (NASDAQ:AMNB). Corbyn Investment Mgmt Inc Md accumulated 0.64% or 50,045 shares. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in American National Bankshares Inc. (NASDAQ:AMNB). Jpmorgan Chase has 17,023 shares. Manufacturers Life Insurance Co The owns 6,975 shares for 0% of their portfolio. State Common Retirement Fund stated it has 0% of its portfolio in American National Bankshares Inc. (NASDAQ:AMNB). Of Virginia Va reported 15,785 shares or 0.08% of all its holdings. Hotchkis & Wiley Cap Management Ltd Liability holds 9,333 shares or 0% of its portfolio. Barclays Public Ltd holds 0% in American National Bankshares Inc. (NASDAQ:AMNB) or 1,321 shares. Dimensional Fund Advisors LP accumulated 315,063 shares. Raymond James Fin Advisors Incorporated holds 13,538 shares. Moreover, Dixon Hubard Feinour & Brown Inc Va has 0.33% invested in American National Bankshares Inc. (NASDAQ:AMNB). Blackrock has invested 0% in American National Bankshares Inc. (NASDAQ:AMNB).

Since January 24, 2018, it had 2 buys, and 1 insider sale for $26,302 activity. 500 shares valued at $19,327 were bought by Finley Tammy M on Wednesday, January 24. Strader Hunter Gregg sold $17,908 worth of stock or 474 shares.

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

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