WFC: One Stock That Superinvestors Are Dumping: Is It Time To Sell?

As part of the weekly research here at The Acquirer’s Multiple we’re always interested in superinvestors who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks.

While doing this research we’ve also uncovered a number of stocks that superinvestors have sold, or reduced in their portfolios, according to their latest 13f’s. So we’re now providing a new weekly feature article called ‘One Stock Superinvestors Are Selling‘. This week we’ll take a look at:
 

Wells Fargo & Company (WFC)

Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the US

A quick look at the price chart below for the company shows us that the stock is up 55.65% in the past twelve months.

Source: Google Finance

Superinvestors who reduced, or sold out of the company’s stock, according to their latest 13Fs, include:

(Remaining shares)

  • Rich Pzena – 15,622,217
  • Israel Englander – 9,478,169
  • Steve Romick – 5,272,546
  • Ken Griffin – 2,105,414
  • Donald Yacktman – 1,839,797
  • Steve Cohen – 1,429,983
  • Mario Gabelli – 806,232
  • Tom Russo – 402,320

More By This Author:

SLB: One Stock Superinvestors Are Loading Up On
Warren Buffett on Personal Accountability in Investing: The Mirror Test
Costco Wholesale Corp (COST) DCF Valuation: Is The Stock Undervalued?

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with