As Popular (BPOP) Market Valuation Declined, Shareholder Denali Advisors Raised Its Holding; Wells Fargo & Co Del (WFC) Valuation Declined While Alecta Pensionsforsakring Omsesidigt Decreased Stake

January 13, 2018 - By Marie Mckinney

Alecta Pensionsforsakring Omsesidigt decreased its stake in Wells Fargo & Co Del (WFC) by 0.99% based on its latest 2017Q3 regulatory filing with the SEC. Alecta Pensionsforsakring Omsesidigt sold 150,000 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 15.04M shares of the major banks company at the end of 2017Q3, valued at $829.16M, down from 15.19M at the end of the previous reported quarter. Alecta Pensionsforsakring Omsesidigt who had been investing in Wells Fargo & Co Del for a number of months, seems to be less bullish one the $308.01B market cap company. The stock decreased 0.73% or $0.46 during the last trading session, reaching $62.55. About 25.89M shares traded or 35.77% up from the average. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 13, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Denali Advisors Llc increased its stake in Popular Inc. (BPOP) by 72.7% based on its latest 2017Q3 regulatory filing with the SEC. Denali Advisors Llc bought 20,500 shares as the company’s stock declined 15.91% while stock markets rallied. The institutional investor held 48,700 shares of the finance company at the end of 2017Q3, valued at $1.75M, up from 28,200 at the end of the previous reported quarter. Denali Advisors Llc who had been investing in Popular Inc. for a number of months, seems to be bullish on the $3.94B market cap company. The stock increased 1.55% or $0.59 during the last trading session, reaching $38.63. About 725,652 shares traded. Popular, Inc. (NASDAQ:BPOP) has risen 26.79% since January 13, 2017 and is uptrending. It has outperformed by 10.09% the S&P500.

Denali Advisors Llc, which manages about $357.49 million and $604.52M US Long portfolio, decreased its stake in Valero Energy Corp. (NYSE:VLO) by 45,300 shares to 150,894 shares, valued at $11.61 million in 2017Q3, according to the filing. It also reduced its holding in Arrow Electronics Inc (NYSE:ARW) by 83,045 shares in the quarter, leaving it with 36,600 shares, and cut its stake in Spirit Aerosystems Holdings (NYSE:SPR).

Investors sentiment increased to 1.58 in Q3 2017. Its up 0.83, from 0.75 in 2017Q2. It increased, as 22 investors sold BPOP shares while 56 reduced holdings. 42 funds opened positions while 81 raised stakes. 89.00 million shares or 5.87% more from 84.07 million shares in 2017Q2 were reported. State Of Wisconsin Inv Board reported 0% in Popular, Inc. (NASDAQ:BPOP). Basswood Cap Mngmt Lc holds 0.09% of its portfolio in Popular, Inc. (NASDAQ:BPOP) for 53,325 shares. Dimensional Fund Advsr Limited Partnership holds 0.05% or 3.33M shares in its portfolio. Minneapolis Management Limited Liability Company holds 482,416 shares or 2.54% of its portfolio. First Republic Invest Mgmt owns 5,553 shares for 0% of their portfolio. Cubist Systematic Strategies Limited Liability Corp owns 16,132 shares. Metropolitan Life Insur owns 3,016 shares. Mackenzie Fincl Corp owns 101,900 shares. Hanson & Doremus Management has 0.07% invested in Popular, Inc. (NASDAQ:BPOP) for 5,695 shares. Rafferty Asset Mgmt Ltd Liability Com holds 0.02% of its portfolio in Popular, Inc. (NASDAQ:BPOP) for 19,879 shares. First Quadrant Limited Partnership Ca invested in 0.23% or 324,089 shares. Diamond Hill Capital Management invested 0.78% in Popular, Inc. (NASDAQ:BPOP). Ahl Partners Llp owns 26,108 shares for 0.02% of their portfolio. Gideon Cap Advsrs holds 0.3% in Popular, Inc. (NASDAQ:BPOP) or 8,438 shares. State Bank Of Montreal Can has invested 0% in Popular, Inc. (NASDAQ:BPOP).

Among 16 analysts covering Popular Inc (NASDAQ:BPOP), 13 have Buy rating, 1 Sell and 2 Hold. Therefore 81% are positive. Popular Inc had 34 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Popular, Inc. (NASDAQ:BPOP) has “Buy” rating given on Thursday, April 28 by Compass Point. As per Friday, October 6, the company rating was maintained by Piper Jaffray. The rating was maintained by Piper Jaffray with “Buy” on Wednesday, November 1. The firm has “Buy” rating given on Thursday, December 21 by Citigroup. The stock of Popular, Inc. (NASDAQ:BPOP) has “Underperform” rating given on Monday, February 6 by Keefe Bruyette & Woods. The stock of Popular, Inc. (NASDAQ:BPOP) has “Outperform” rating given on Friday, February 26 by Merion Capital. The stock has “Buy” rating by HSBC on Tuesday, January 12. The stock of Popular, Inc. (NASDAQ:BPOP) earned “Overweight” rating by Barclays Capital on Thursday, October 26. Barclays Capital maintained the shares of BPOP in report on Wednesday, November 1 with “Overweight” rating. The firm has “Buy” rating given on Monday, July 27 by Goldman Sachs.

Among 36 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 5 Sell and 14 Hold. Therefore 47% are positive. Wells Fargo & Company had 115 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, June 22. The stock has “Buy” rating by Nomura on Thursday, September 28. The stock of Wells Fargo & Company (NYSE:WFC) has “Hold” rating given on Monday, November 28 by Jefferies. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Wednesday, July 29 by Guggenheim. Guggenheim downgraded Wells Fargo & Company (NYSE:WFC) on Wednesday, April 6 to “Neutral” rating. The stock has “Hold” rating by BMO Capital Markets on Sunday, July 30. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Friday, August 25 report. The firm earned “Buy” rating on Thursday, December 21 by Buckingham Research. Barclays Capital maintained Wells Fargo & Company (NYSE:WFC) on Tuesday, January 3 with “Overweight” rating. As per Monday, November 13, the company rating was maintained by RBC Capital Markets.

Alecta Pensionsforsakring Omsesidigt, which manages about $11.66 billion US Long portfolio, upped its stake in Henry Schein (NASDAQ:HSIC) by 2.81M shares to 5.31M shares, valued at $435.69 million in 2017Q3, according to the filing. It also increased its holding in Lincoln Electric Holdings (NASDAQ:LECO) by 100,000 shares in the quarter, for a total of 1.30 million shares, and has risen its stake in Analog Devices (NASDAQ:ADI).

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