Advisor Partners Cut Wells Fargo & Company (WFC) Position; Last Week 3D Systems (DDD) Coverage

December 9, 2017 - By wolcottdaily

Advisor Partners Llc decreased Wells Fargo & Company (WFC) stake by 8.55% reported in 2017Q2 SEC filing. Advisor Partners Llc sold 7,537 shares as Wells Fargo & Company (WFC)’s stock declined 8.66%. The Advisor Partners Llc holds 80,595 shares with $4.47 million value, down from 88,132 last quarter. Wells Fargo & Company now has $292.06 billion valuation. The stock decreased 0.08% or $0.05 during the last trading session, reaching $59.31. About 22.02M shares traded or 19.09% up from the average. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since December 9, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

Among 19 analysts covering 3D Systems Corporation (NYSE:DDD), 2 have Buy rating, 4 Sell and 13 Hold. Therefore 11% are positive. 3D Systems Corporation had 58 analyst reports since July 22, 2015 according to SRatingsIntel. As per Thursday, August 3, the company rating was maintained by Piper Jaffray. The company was maintained on Sunday, August 9 by Needham. Jefferies maintained the shares of DDD in report on Tuesday, March 15 with “Hold” rating. Piper Jaffray maintained 3D Systems Corporation (NYSE:DDD) rating on Tuesday, October 31. Piper Jaffray has “Sell” rating and $10.0 target. On Tuesday, May 24 the stock rating was initiated by FBR Capital with “Market Perform”. As per Wednesday, November 1, the company rating was maintained by JP Morgan. On Thursday, September 21 the stock rating was maintained by Canaccord Genuity with “Hold”. The stock of 3D Systems Corporation (NYSE:DDD) has “Underweight” rating given on Tuesday, March 15 by JP Morgan. Goldman Sachs reinitiated 3D Systems Corporation (NYSE:DDD) rating on Tuesday, December 13. Goldman Sachs has “Neutral” rating and $16 target. The rating was maintained by Gabelli on Wednesday, November 1 with “Buy”. See 3D Systems Corporation (NYSE:DDD) latest ratings:

20/11/2017 Broker: PiperJaffray Old Rating: Underweight New Rating: Neutral Upgrade
20/11/2017 Broker: Piper Jaffray Rating: Hold New Target: $6.25 Upgrade
08/11/2017 Broker: FBR Capital Rating: Sell New Target: $7.0 Maintain
01/11/2017 Broker: Gabelli Rating: Buy Maintain
02/11/2017 Broker: Citigroup Rating: Sell Old Target: $13 New Target: $8.5 Maintain
01/11/2017 Broker: FBR Capital Rating: Inc. New Target: $18.00 7.00
01/11/2017 Broker: JP Morgan Rating: Neutral Old Target: $13 New Target: $11 Maintain
01/11/2017 Broker: Bank of America Old Rating: Buy New Rating: Underperform Downgrade
31/10/2017 Broker: Piper Jaffray Rating: Sell New Target: $10.0 Maintain
31/10/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $11.0 Maintain

3D Systems Corporation, through its subsidiaries, provides 3D printing services and products worldwide. The company has market cap of $1.09 billion. The companyÂ’s 3D printers transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts using a range of print materials, including plastic, nylon, metal, composite, elastomeric, wax, polymeric dental materials, and Class IV bio-compatible materials. It currently has negative earnings. It offers various 3D printing technologies, such as stereolithography, selective laser sintering, direct metal printing, multijet printing, and colorjet printing.

Investors sentiment increased to 1.41 in 2017 Q2. Its up 0.12, from 1.29 in 2017Q1. It increased, as 23 investors sold 3D Systems Corporation shares while 53 reduced holdings. 37 funds opened positions while 70 raised stakes. 63.87 million shares or 4.66% more from 61.03 million shares in 2017Q1 were reported. Goldman Sachs Grp Inc stated it has 1.16M shares. New York-based Jpmorgan Chase has invested 0% in 3D Systems Corporation (NYSE:DDD). Arrow Corporation reported 0% stake. Natixis holds 0.05% in 3D Systems Corporation (NYSE:DDD) or 215,812 shares. San Francisco Sentry Investment Group (Ca) invested in 275 shares or 0% of the stock. Lpl Lc holds 85,556 shares. 84,012 were accumulated by Comerica Bank. Hanson Mcclain Inc accumulated 250 shares or 0% of the stock. Moreover, Arizona State Retirement Sys has 0.01% invested in 3D Systems Corporation (NYSE:DDD) for 45,600 shares. The Pennsylvania-based Valley Advisers Inc has invested 0% in 3D Systems Corporation (NYSE:DDD). 950 are held by Fincl Architects Incorporated. Amalgamated Commercial Bank accumulated 15,694 shares or 0.01% of the stock. Thrivent For Lutherans invested in 0% or 21,780 shares. Hanson And Doremus Inv Mgmt holds 100 shares. Parallax Volatility Advisers Lp holds 0% or 102 shares.

The stock decreased 1.35% or $0.13 during the last trading session, reaching $9.53. About 2.22 million shares traded. 3D Systems Corporation (NYSE:DDD) has risen 77.31% since December 9, 2016 and is uptrending. It has outperformed by 60.61% the S&P500.

Advisor Partners Llc increased Accenture Plc Class A (NYSE:ACN) stake by 2,457 shares to 9,596 valued at $1.19M in 2017Q2. It also upped Oracle Corporation (NYSE:ORCL) stake by 7,081 shares and now owns 60,509 shares. Citigroup Inc (NYSE:C) was raised too.

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. East Coast Asset Mngmt Lc accumulated 71,748 shares. Virginia-based Ejf Capital Ltd Liability has invested 0.04% in Wells Fargo & Company (NYSE:WFC). Wealthtrust Axiom Llc owns 17,939 shares. Icon Advisers Communications stated it has 39,000 shares or 0.15% of all its holdings. Mutual Of America Mgmt Ltd Company has 547,682 shares for 0.52% of their portfolio. Rfg Advisory Ltd Com stated it has 22,861 shares or 0.34% of all its holdings. Amica Mutual Insur, a Rhode Island-based fund reported 318,857 shares. Triangle Securities Wealth stated it has 1.79% of its portfolio in Wells Fargo & Company (NYSE:WFC). Nichols And Pratt Advisers Llp Ma owns 36,538 shares or 0.18% of their US portfolio. Thomaspartners, Massachusetts-based fund reported 5.23 million shares. Ruane Cunniff And Goldfarb Inc has invested 2.52% in Wells Fargo & Company (NYSE:WFC). Marshall Wace Limited Liability Partnership owns 47,656 shares for 0.12% of their portfolio. Biondo Investment Ltd Liability Corp, a Pennsylvania-based fund reported 4,959 shares. Willis Invest Counsel reported 373,524 shares. Palo Capital owns 42,571 shares.

Among 33 analysts covering Wells Fargo & Company (NYSE:WFC), 14 have Buy rating, 5 Sell and 14 Hold. Therefore 42% are positive. Wells Fargo & Company had 104 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Citigroup on Monday, October 9 with “Buy”. The stock of Wells Fargo & Company (NYSE:WFC) earned “Positive” rating by Susquehanna on Wednesday, January 20. Guggenheim upgraded Wells Fargo & Company (NYSE:WFC) on Wednesday, July 29 to “Buy” rating. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Robert W. Baird on Friday, November 10. Jefferies maintained Wells Fargo & Company (NYSE:WFC) on Tuesday, June 6 with “Hold” rating. Oppenheimer maintained Wells Fargo & Company (NYSE:WFC) on Friday, July 14 with “Hold” rating. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Monday, January 11 by Goldman Sachs. The stock has “Hold” rating by BMO Capital Markets on Friday, October 6. The firm earned “Outperform” rating on Tuesday, September 27 by FBR Capital. The company was maintained on Thursday, August 13 by S&P Research.

Analysts await Wells Fargo & Company (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 $5.12 billion for 14.26 P/E if the $1.04 EPS becomes a reality. After $1.04 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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