Wells Fargo & Company (NYSE:WFC) Big Money Sentiment Is 0.75

Cornelia Mascio
Mag 17, 2018

604 institutional investors opened new or increased positions, while 809 cut down and sold stakes in Wells Fargo & Company so the sentiment is more positive.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Seekingalpha.com and their article: "Wells Fargo: Buying Opportunity?" published on April 25, 2018 as well as 247Wallst.com's news article titled: "Well Fargo Renews Its Commitment to You After Rip-Offs" with publication date: May 09, 2018. During the same period last year, the business posted $1.00 earnings per share. sell-side analysts predict that Wells Fargo will post 4.56 EPS for the current fiscal year. Ruane Cunniff & Goldfarb Inc. now owns 6,673,316 shares of the financial services provider's stock valued at $368,033,000 after purchasing an additional 1,763,235 shares during the last quarter. Theleme Partners Llp reported 7.53 million shares. Institutional investors and hedge funds own 76.79% of the company's stock.

Wells Fargo & Company (WFC) surprised the stock market in its last reported earnings when it earned $1.12 a piece versus the consensus-estimated $1.06. The Company's Community Banking segment offers checking, savings, market rate, and individual retirement accounts, as well as time deposits and remittances; and lines of credit, automobile floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.13.18 is the P/E ratio.

Ticker's shares touched $55.21 during the last trading session after 0.84% change.Currently Wells Fargo & Company is downtrending after 7.75% change in last May 16, 2017.

Trading volume, or volume, is the number of shares or contracts that point towards the full activity of a security or stock market for a given period. The stock underperformed the S&P500 by 19.30%.

Wells Fargo (NYSE:WFC) last issued its quarterly earnings results on Friday, April 13th.

Annual EPS growth Past 5 years is 1.5 percent. If reported the P/E will be 12.32 with $5.46B profit. After $1.12 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Park National Corporation Oh has 204,431 shs for 0.69% of their capital. Profund Limited Liability Company holds 277,963 shs or 0.65% of its capital.

Wells Fargo announced that its Board of Directors has initiated a stock repurchase program on Tuesday, January 23rd that authorizes the company to repurchase 350,000,000 outstanding shares. Wells Fargo presently has an average rating of "Hold" and a consensus target price of $61.83. Stoneridge Investment Prtn Ltd Co invested in 195,230 shs or 1.89% of the stock. Wells Fargo & Company MN lifted its stake in Wells Fargo by 15,303.0% during the third quarter. Manufacturers Life Insur Company The accumulated 11.48M shs or 0.75% of the stock. Graham Capital Mgmt LP holds 0.03% or 18,342 shs in its capital. Birch Hill Inv Advsrs Limited Liability Corp stated it has 287,917 shs or 1.44% of all its holdings. Northstar Invest Advisors Ltd Liability Corp holds 0.12% or 10,721 shares. 84,604 are held by Mariner Wealth Advsr Llc. Wells Fargo has a twelve month low of $54.54 and a twelve month high of $54.94. Benin Management reported 6,871 shs. On Monday, February 5 the stock of Wells Fargo & Company (NYSE:WFC) has "Sell" rating given by J.P. Morgan. (NYSE:WFC) has 54% bullish analysts. In Thursday, December 21 report Buckingham Research upgraded the stock to "Buy" rating. On Thursday, January 4 the stock has "Buy" rating by Goldman Sachs. In Sunday, April 15 report Piper Jaffray maintained the stock with "Hold" rating. As per Tuesday, December 12, the company rating was maintained by Keefe Bruyette & Woods. It is also used in ranking the parallel size of stock exchanges, is a measure of the total of the market capitalizations of all companies listed on each stock exchange.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Streetinsider.com which released: "Appaloosa 13F Shows New Stake in Wells Fargo (WFC) and Lam Research (LRCX), Increase in Micron (MU) MGM ..." on May 15, 2018, also Bizjournals.com with their article: "Wells Fargo taps JPMorgan Chase exec as chief risk officer" published on May 07, 2018, 247Wallst.com published: "Wells Fargo's Tim Sloan Remains One of America's Worst CEOs" on May 05, 2018.

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