Wells Fargo & Company (WFC) Stock Rating Upgraded by Zacks Investment Research

Wells Fargo & Company (WFC) Stock Rating Upgraded by Zacks Investment Research

Wells Fargo & Company (WFC) Stock Rating Upgraded by Zacks Investment Research

The company P/E (price to earnings) ratio is 13.72 and Forward P/E ratio is 12.64. The Bank is a commercial bank, which operates principally in the Charleston, Dorchester and Berkeley counties of SC.

Wells Fargo & Company (WFC) reported earning per shares for the quarter ending Oct 13 BMO at 1.07, whereas, 28 number of analysts estimated the mean EPS at 1.05. Robert W. Baird restated a "buy" rating and set a $58.00 target price on shares of Wells Fargo & in a research report on Tuesday, September 5th. The Smith Chas P & Associates Pa Cpas holds 415,552 shares with $23.03 million value, up from 393,682 last quarter. Separately, Senior Exec. Vice President CARROLL DAVID M Sell 27582 shares of the company at a price of $53.28 on 2017-06-09.

Wells Fargo & (NYSE:WFC) traded down 0.2224% during trading on Thursday, reaching $55.5362. About 4.63 million shares traded. Shares of AFK Sistema PAO (AFKS.ME) have a 7-day moving average of 13.09. Perpetual Ltd now owns 1,241,098 shares of the financial services provider's stock worth $68,769,000 after acquiring an additional 254,195 shares in the last quarter. Caterpillar Inc Del (NYSE:CAT) was reduced too.

Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Its down 0.30, from 0.88 in 2017Q1. It is positive, as 85 investors sold WFC shares while 685 reduced holdings.

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Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. First Manhattan reported 2.05% stake.

More notable recent Wells Fargo & Co (NYSE:WFC) news were published by: Bloomberg.com which released: "Wells Fargo Directors Can't Duck Claims Over Fake Accounts" on October 05, 2017, also Reuters.com with their article: "Wells Fargo's lone outsider aims to clean up bank's reputation" published on September 20, 2017, Reuters.com published: "Wells Fargo names Mike Roemer chief compliance officer" on October 12, 2017. Sheets Smith Wealth Management holds 31,219 shares or 0.46% of its portfolio. Virginia Retirement Et Al stated it has 1.20M shares. Pointstate Cap Ltd Partnership owns 3.92 million shares for 2.35% of their portfolio. Centurylink Inv Company owns 84,451 shares or 1.58% of their United States portfolio. Gotham Asset Mngmt Ltd accumulated 145,957 shares or 0.11% of the stock. Given that its average daily volume over the 30 days has been 17.27M shares a day, this signifies a pretty significant change over the norm. Dumont Blake Investment Lc reported 0.7% stake. Miller Inv Mgmt LP has invested 0.74% of its portfolio in Wells Fargo & Co (NYSE:WFC). Massachusetts-based St Germain D J has invested 0.95% in Wells Fargo & Co (NYSE:WFC).

Smith Chas P & Associates Pa Cpas decreased Ishares Core S&P 500 Etf (IVV) stake by 4,790 shares to 79,744 valued at $19.41M in 2017Q2. Johnson Investment Counsel reported 129,700 shares. Therefore 27% are positive. The analysts estimated EPS for the higher end at 1.1 and lower end at 0.94 while the year ago reported earnings per share was 1.06. Credit Suisse downgraded the shares of WFC in report on Thursday, February 16 to "Neutral" rating. The New Jersey-based Regentatlantic Capital Limited has invested 0.32% in Wells Fargo & Co (NYSE:WFC). The firm earned "Neutral" rating on Wednesday, April 26 by Guggenheim.

Among analysts who offered their Analysis on Wells Fargo & Company (WFC)-5 analysts issued Buy for the stock, 7 analysts gave Outperform rating, 16 think it's a Hold, 2 issued Underperform, while 2 analyst gave a Sell rating. The company was maintained on Wednesday, April 12 by Sandler O'Neill. Vetr upgraded Wells Fargo & to a "strong-buy" rating in a research report on Thursday, September 7th. Ingevity had 7 analyst reports since June 1, 2016 according to SRatingsIntel.

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Since May 5, 2017, it had 1 buying transaction, and 3 insider sales for $3.93 million activity. Jefferies initiated the stock with "Buy" rating in Friday, November 18 report.

The stock increased 0.71% or $0.75 during the last trading session, reaching $106.28. It has outperformed by 24.00% the S&P500. Bailard holds 0.15% or 33,168 shares in its portfolio. Bedrijfstakpensioenfonds Voor De Media Pno has 308,000 shares for 2.02% of their portfolio.

Wells Fargo & Company has a 52 week low of $44.28 and a 52 week high of $59.99 with a P/E ratio of 13.66 The company's market cap is now $0.

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