Wells Fargo & Company (WFC): What's the Story?

Darnell Taylor
March 15, 2018

Wells Fargo & Company (WFC) now trades with a market capitalization of $276.09 Billion. Cubist Systematic Strategies Llc who had been investing in Dave & Busters Entmt Inc for a number of months, seems to be bullish on the $1.79B market cap company. About 154,092 shares traded. It has outperformed by 6.87% the S&P500. The Taurus Asset Management Llc holds 240,963 shares with $13.29 million value, up from 226,613 last quarter. It also reduced its holding in Retail Pptys Amer Inc (NYSE:RPAI) by 23,658 shares in the quarter, leaving it with 76,378 shares, and cut its stake in Mcdonalds Corp (NYSE:MCD). The financial services provider reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.07). Furthermore, over the 90.00 days, the stock was able to yield -2.95 percent. After $2.10 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts 20.48% EPS growth.

Investors sentiment increased to 0.75 in 2017 Q3. Its down 0.05, from 1.47 in 2017Q2. Beach Inv Counsel Pa invested in 0.11% or 18,227 shares. 37 funds opened positions while 33 raised stakes. Park Natl Corp Oh, Ohio-based fund reported 238,605 shares. Burke & Herbert National Bank & Tru reported 24,421 shares stake. Paloma Ptnrs Mgmt Com holds 7,661 shares or 0.01% of its portfolio. Market cap is just a fancy name for a straightforward concept: it is the market value of a company's outstanding shares. Integral Derivatives Ltd Company holds 0.02% or 22,308 shares in its portfolio. Covington Management invested in 193,839 shares or 0.71% of the stock.

RenaissanceRe Holdings Ltd. together with its subsidiaries, provides reinsurance and insurance coverages and related services in the United States and internationally. The correct version of this piece of content can be read at https://stocknewstimes.com/2018/03/14/wells-fargo-co-wfc-shares-bought-by-wasatch-advisors-inc.html. Weaver C Barksdale & Associate owns 68 shares. 416,674 are held by State Of Tennessee Treasury Department. Looking at the stock's movement on the chart, Wells Fargo & Company recorded a 52-week high of $66.31. PM CAPITAL Ltd lifted its position in shares of Wells Fargo & Co by 39.6% during the 4th quarter.

Since December 11, 2017, it had 0 buys, and 9 insider sales for $17.26 million activity. This number based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. 44 3M Company (NYSE:MMM) shares with value of $11,102 were sold by THULIN INGE G. Factory Mutual Insurance Co. now owns 2,192,539 shares of the financial services provider's stock worth $133,022,000 after buying an additional 34,400 shares during the last quarter. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company's stock. Therefore 38% are positive. Morgan Stanley downgraded shares of Wells Fargo & Co from an "overweight" rating to an "underweight" rating and decreased their price objective for the company from $75.00 to $64.00 in a report on Tuesday, February 6th. The stock has a consensus rating of "Hold" and a consensus price target of $62.90. Bank of America maintained the shares of HIW in report on Tuesday, October 3 with "Buy" rating. The firm has a market capitalization of $283,440.00, a PE ratio of 15.94, a P/E/G ratio of 1.52 and a beta of 1.08. Piper Jaffray maintained it with "Hold" rating and $19000 target in Tuesday, August 8 report. The firm has "Outperform" rating by FBR Capital given on Tuesday, September 27. As per Thursday, January 28, the company rating was upgraded by Dougherty & Company. They expect $0.31 EPS, down 8.82% or $0.03 from last year's $0.34 per share. WFC's profit will be $5.22B for 13.35 P/E if the $1.07 EPS becomes a reality. Wright Invsts Ser reported 0.11% in Wells Fargo & Company (NYSE:WFC). It also increased its holding in Costco Wholesale (NASDAQ:COST) by 55,000 shares in the quarter, for a total of 114,700 shares, and has risen its stake in Bb&T Corporation (NYSE:BBT).

Since November 17, 2017, it had 0 buys, and 1 insider sale for $292,234 activity.

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Investors sentiment increased to 0.83 in Q3 2017. Its down 0.15, from 0.88 in 2017Q2. It fall, as 92 investors sold WFC shares while 725 reduced holdings. The stock of Wells Fargo & Company (NYSE:WFC) earned "Neutral" rating by UBS on Monday, October 16. Valley Natl Advisers reported 1.25% stake.

Abrams Bison Investments Llc holds 14.1% of its portfolio in RenaissanceRe Holdings Ltd. for 625,657 shares. Private Management Incorporated holds 1.3% or 446,266 shares. Guggenheim Capital Llc owns 1.57M shares or 0.2% of their USA portfolio.

COPYRIGHT VIOLATION WARNING: "Wells Fargo & Co (NYSE:WFC) Shares Sold by Atlantic Trust Group LLC" was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. Fjarde Ap holds 1.2% or 1.14M shares. Twin Cap Management reported 0.73% in Wells Fargo & Company (NYSE:WFC). Thrivent For Lutherans owns 392,372 shares. Lomas Capital Management Llc, a New York-based fund reported 101,458 shares. Pioneer Tru Bancshares N A Or stated it has 89,822 shares. Swiss Financial Bank reported 0.07% stake. Cramer Rosenthal Mcglynn Limited Liability owns 1.58 million shares for 1.39% of their portfolio.

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