Citizens, Inc. (CIA) Reaches $6.44 After 7.00% Down Move, Philadelphia Trust Company Trimmed By $732,160 Its Wells Fargo & Co New (WFC) Stake

June 5, 2017 - By Adrian Erickson

Philadelphia Trust Company decreased Wells Fargo & Co New (WFC) stake by 71.41% reported in 2016Q4 SEC filing. Philadelphia Trust Company sold 13,312 shares as Wells Fargo & Co New (WFC)’s stock declined 8.66%. The Philadelphia Trust Company holds 5,330 shares with $294,000 value, down from 18,642 last quarter. Wells Fargo & Co New now has $258.26B valuation. The stock rose 0.27% or $0.14 reaching $51.95. About 8.90 million shares traded. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since June 5, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

The stock of Citizens, Inc. (NYSE:CIA) is a huge mover today! About 52,177 shares traded. Citizens, Inc. (NYSE:CIA) has declined 14.14% since June 5, 2016 and is downtrending. It has underperformed by 30.84% the S&P500.The move comes after 9 months negative chart setup for the $342.12M company. It was reported on Jun, 5 by Barchart.com. We have $5.99 PT which if reached, will make NYSE:CIA worth $23.95 million less.

Citizens, Inc. is an insurance holding company. The company has market cap of $342.12 million. The Firm operates in three business divisions: Life Insurance, Home Service and Other Non-Insurance Enterprises. It has a 53.99 P/E ratio. The Life Insurance segment issues ordinary whole life insurance in the United States and in the United States Dollar-denominated amounts to foreign residents.

Since December 27, 2016, it had 0 insider purchases, and 2 sales for $294,840 activity. $147,420 worth of Citizens, Inc. (NYSE:CIA) was sold by RILEY HAROLD E. The insider RILEY DOTTIE S. sold 14,000 shares worth $147,420.

Investors sentiment decreased to 1 in Q4 2016. Its down 0.94, from 1.94 in 2016Q3. It fall, as 7 investors sold Citizens, Inc. shares while 20 reduced holdings. 7 funds opened positions while 20 raised stakes. 10.00 million shares or 3.44% more from 9.66 million shares in 2016Q3 were reported. Blackrock Investment Mgmt Limited Liability Co owns 203,272 shares for 0% of their portfolio. Goldman Sachs Grp Inc has 25,479 shares for 0% of their portfolio. Susquehanna Intll Grp Ltd Liability Partnership has 52,606 shares for 0% of their portfolio. Meeder Asset Mngmt, Ohio-based fund reported 127 shares. Blackrock Group Incorporated Ltd holds 0% or 42,492 shares in its portfolio. Central Retail Bank & Tru holds 0.01% of its portfolio in Citizens, Inc. (NYSE:CIA) for 2,500 shares. 30,187 were accumulated by Citigroup. Bnp Paribas Arbitrage, New York-based fund reported 1,210 shares. Morgan Stanley accumulated 135,198 shares. The California-based Blackrock Fund Advsrs has invested 0% in Citizens, Inc. (NYSE:CIA). Parallax Volatility Advisers Limited Partnership owns 0% invested in Citizens, Inc. (NYSE:CIA) for 50,637 shares. Geode Management Limited Company stated it has 312,728 shares. American accumulated 0% or 26,712 shares. Dimensional Fund Advisors Lp holds 1.50 million shares. 198,416 are held by National Bank Of Mellon.

Investors sentiment decreased to 0.67 in 2016 Q4. Its down 0.30, from 0.97 in 2016Q3. It fall, as 112 investors sold WFC shares while 836 reduced holdings. 149 funds opened positions while 487 raised stakes. 3.70 billion shares or 2.97% more from 3.60 billion shares in 2016Q3 were reported. Baskin has 6,739 shares for 0.09% of their portfolio. Kcg Holding holds 0.13% or 96,533 shares. 8,671 are owned by Benin Management Corporation. City Holdg holds 1.05% or 49,086 shares. Chicago Equity Ptnrs Limited Liability Company invested in 0.02% or 14,570 shares. Cullen Capital Ltd Liability Corporation owns 1.18 million shares. 9,622 were reported by Kings Point Cap Management. Ironsides Asset Advsr Limited Co reported 0.13% stake. Campbell Newman Asset Mgmt reported 296,537 shares. Edgepoint Grp stated it has 7.46% of its portfolio in Wells Fargo & Co (NYSE:WFC). Marsico Mgmt holds 3% of its portfolio in Wells Fargo & Co (NYSE:WFC) for 1.23M shares. Fukoku Mutual Life Insur holds 0.18% or 19,300 shares in its portfolio. Jones Fincl Cos Lllp holds 239,872 shares. Aperio Group Ltd has invested 0.68% in Wells Fargo & Co (NYSE:WFC). 163,579 were accumulated by Ancora Limited Liability.

Since March 3, 2017, it had 1 buy, and 3 insider sales for $391.42 million activity. Shares for $6.95 million were sold by CARROLL DAVID M on Friday, March 3. SARGENT RONALD bought $499,108 worth of Wells Fargo & Co (NYSE:WFC) on Friday, May 5. $1.04 million worth of Wells Fargo & Co (NYSE:WFC) shares were sold by Loughlin Michael J. $383.92M worth of Wells Fargo & Co (NYSE:WFC) shares were sold by BERKSHIRE HATHAWAY INC.

Philadelphia Trust Company increased Leucadia Natl (NYSE:LUK) stake by 25,495 shares to 160,395 valued at $3.73 million in 2016Q4. It also upped Kimberly (NYSE:KMB) stake by 97,205 shares and now owns 100,867 shares. Whole Foods Mkt Inc Com (NASDAQ:WFM) was raised too.

Among 30 analysts covering Wells Fargo & Company (NYSE:WFC), 13 have Buy rating, 5 Sell and 12 Hold. Therefore 43% are positive. Wells Fargo & Company had 69 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Wells Fargo & Co (NYSE:WFC) has “Neutral” rating given on Tuesday, November 24 by Piper Jaffray. On Tuesday, January 3 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Neutral” rating by Guggenheim given on Tuesday, November 15. The firm has “Outperform” rating given on Wednesday, April 19 by Evercore. Raymond James downgraded Wells Fargo & Co (NYSE:WFC) on Tuesday, October 4 to “Underperform” rating. Deutsche Bank upgraded the stock to “Buy” rating in Tuesday, September 8 report. The rating was maintained by FBR Capital on Tuesday, September 27 with “Outperform”. Robert W. Baird upgraded it to “Outperform” rating and $50 target in Monday, September 19 report. The rating was upgraded by UBS on Monday, October 10 to “Neutral”. BMO Capital Markets downgraded it to “Underperform” rating and $47 target in Friday, November 18 report.

Analysts await Wells Fargo & Co (NYSE:WFC) to report earnings on July, 21. They expect $1.04 EPS, up 2.97% or $0.03 from last year’s $1.01 per share. WFC’s profit will be $5.17B for 12.49 P/E if the $1.04 EPS becomes a reality. After $1.00 actual EPS reported by Wells Fargo & Co for the previous quarter, Wall Street now forecasts 4.00% EPS growth.