Shell Asset Management Co. significantly reduced its stake in Wells Fargo & Company ($WFC) by 61.0% in the third quarter, selling 28,498 shares and leaving its holdings valued at $1,528,000. Despite this, other institutional investors have recently increased their positions in WFC. Wells Fargo has a market capitalization of $272.92 billion and recently reported strong quarterly earnings, beating analyst estimates.
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Shell Asset Management Co. Decreases Position in Wells Fargo & Company $WFC
Shell Asset Management Co. significantly reduced its stake in Wells Fargo & Company ($WFC) by 61.0% in the third quarter, selling 28,498 shares and leaving its holdings valued at $1,528,000. Despite this, other institutional investors have recently increased their positions in WFC. Wells Fargo has a market capitalization of $272.92 billion and recently reported strong quarterly earnings, beating analyst estimates.