Economy

Institutional Investor Sentiment About Wells Fargo & Company (NYSE:WFC) Up

Institutional Investor Sentiment About Wells Fargo & Company (NYSE:WFC) Up

Marathon Asset Llp holds 1.57M shares or 1.86% of its portfolio. Adirondack Trust Co.'s holdings in Wells Fargo & Co were worth $258,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. In the last 90 days, insiders have purchased 106,392 shares of company stock worth $5,526,822. InterOcean Capital LLC boosted its stake in shares of Wells Fargo & Co by 0.9% in the fourth quarter.

Since March 3, 2017, it had 1 buy, and 2 selling transactions for $390.37 million activity. NC purchased a new position in shares of Wells Fargo & Co during the fourth quarter valued at about $102,000. Berkshire Hathaway Inc, a Nebraska-based fund reported 479.70 million shares.#img1#. Denali Advisors LLC increased its position in Wells Fargo & Co by 19.2% in the first quarter. Looking at this figure it suggests that the shares of Wells Fargo & Company (WFC) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Wells Fargo & Company (WFC) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. Finally, Brick & Kyle Associates raised its position in shares of Wells Fargo & Co by 9.5% in the first quarter. Security Asset Management now owns 47,449 shares of the financial services provider's stock valued at $2,615,000 after buying an additional 128 shares in the last quarter. Moreover, Aqr Capital Mngmt has 0.72% invested in Wells Fargo & Co (NYSE:WFC). Td Cap Mgmt Ltd Liability Company invested in 0.01% or 430 shares.

Shares in Wells Fargo & Company have risen as high as 59.99 in the past 52 weeks whilst the lowest price in the last 52 weeks has been 43.55.

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In the quarter ending September 2016, Wells Fargo & Company delivered smaller earnings beat.

Wells Fargo & Company announced its recent quarter financial results after the market close on 13/04/2017, crushing consensus estimates with both its revenue and earnings. Rafferty downgraded Wells Fargo & Co (NYSE:WFC) on Wednesday, April 12 to "Sell" rating. The business had revenue of $22 billion for the quarter, compared to analyst estimates of $22.25 billion. During the same period previous year, the firm posted $0.99 earnings per share. After $1.00 actual earnings per share reported by Wells Fargo & Co for the previous quarter, Wall Street now forecasts 4.00% EPS growth.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Amer Group Inc Inc owns 0.64% invested in Wells Fargo & Co (NYSE:WFC) for 122,000 shares. The ex-dividend date is Wednesday, May 3rd. This represents a $1.52 annualized dividend and a dividend yield of 2.85%.

Now the P/E of Wells Fargo & Company stands at 13.34.

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WARNING: This story was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another domain, it was stolen and republished in violation of USA and worldwide copyright & trademark law. Deutsche Bank upgraded Wells Fargo & Co (NYSE:WFC) on Tuesday, September 8 to "Buy" rating.

Several brokerages have recently issued reports on WFC. Credit Suisse Group AG reissued a "hold" rating and issued a $56.00 price objective on shares of Wells Fargo & Co in a research report on Friday, March 3rd.

Wells Fargo & Company (NYSE:WFC) plunged -1.34% with the closing price of $53.02. They now have $57.21 price target on the financial services provider's stock. Evercore ISI cut their target price on shares of Wells Fargo & Co from $60.00 to $58.00 and set an "outperform" rating for the company in a research report on Friday. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company.

In related news, Director Ronald Sargent bought 9,050 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $59.02, for a total value of $6,946,890.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The stock was acquired at an average price of $51.65 per share, for a total transaction of $2,014,350.00. Following the acquisition, the chief executive officer now owns 754,581 shares in the company, valued at approximately $38,974,108.65. The disclosure for this sale can be found here. Smith Salley invested 1.71% in Wells Fargo & Co (NYSE:WFC). The Firm is a diversified financial services company.

ITE Group plc's (ITE) "Hold" Rating Reiterated at N+1 Singer
As per Thursday, February 9, the company rating was maintained by FinnCap. 24 funds opened positions while 69 raised stakes. Longbow downgraded the shares of PLXS in report on Thursday, December 15 to "Neutral" rating.


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