Featured Stock Overview: Wells Fargo & Company

04 February, 2018, 02:36 | Author: Shannon Aguilar
  • Fed freezes Wells Fargo's growth will force out four board members

About 973,962 shares traded or 16.18% up from the average. It has outperformed by 0.96% the S&P500.

Milestone Group Inc decreased Wells Fargo Co New (WFC) stake by 63.58% reported in 2017Q3 SEC filing. The Berkshire Hathaway Inc holds 464.23 million shares with $25.60B value, down from 467.99 million last quarter.

Wells Fargo won't be allowed to get any bigger than it was at the end of past year - $2 trillion in assets - until the Fed is satisfied that it has cleaned up its act. Boston Partners now owns 19,088,621 shares of the financial services provider's stock worth $1,057,700,000 after purchasing an additional 11,139,780 shares in the last quarter. It has underperformed by 7.03% the S&P500. On Friday, November 17 the insider Codel Franklin R sold $292,234.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.18, from 0.96 in 2017Q2. 51 funds opened positions while 159 raised stakes. Stelac Advisory Services LLC purchased a new position in shares of Wells Fargo & Co in the 2nd quarter worth approximately $104,000. Natl Bank Of Nova Scotia Trust Co has 0.01% invested in Amgen Inc. Elm Limited Liability Corp, California-based fund reported 4,450 shares. Private Tru Com Na reported 0.28% in Amgen Inc. (NYSE:NYCB) for 20,654 shares. American National Registered Investment Advisor reported 31,268 shares stake. (TSE:MSI). North Star Asset Incorporated has 0.04% invested in Morneau Shepell Inc.

Among 28 analysts covering Verizon Communications Inc. Aull And Monroe Mngmt reported 0.59% of its portfolio in Wells Fargo & Company (NYSE:WFC). Public Storage had 61 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Outperform" rating given on Monday, September 19 by Robert W. Baird. Argus Research downgraded Wells Fargo & Company (NYSE:WFC) on Wednesday, January 18 to "Hold" rating. The firm has "Buy" rating by Jefferies given on Monday, June 26. The firm earned "Hold" rating on Friday, July 14 by Oppenheimer. Oppenheimer maintained Honeywell International Inc. The stock has a consensus rating of "Hold" and a consensus price target of $62.29.

Wells Fargo & Co (NYSE:WFC) last posted its quarterly earnings data on Friday, January 12th. The firm earned "Hold" rating on Tuesday, September 1 by Zacks.

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Abner Herrman & Brock Llc, which manages about $1.13 billion and $564.69M US Long portfolio, upped its stake in Nucor Corp (NYSE:NUE) by 31,745 shares to 84,760 shares, valued at $4.75 million in 2017Q3, according to the filing.

Since November 17, 2017, it had 0 buys, and 1 sale for $292,234 activity. Its down 0.15, from 0.88 in 2017Q2. It turned negative, as 92 investors sold Wells Fargo & Company shares while 725 reduced holdings.

DODGE & COX raised its stake in Apache Corporation (NYSE:APA) by.05% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Selway Asset Management sold 24,475 shares as the company's stock declined 9.68% while stock markets rallied. Shelton Cap stated it has 1.53M shares. Capital World Investors now owns 111,753,448 shares of the financial services provider's stock worth $6,192,259,000 after purchasing an additional 10,927,679 shares during the period. (NASDAQ:AFAM). Louisiana State Employees Retirement Systems reported 5,100 shares or 0.01% of all its holdings. Westpac Bk Corporation reported 9,636 shares. 84,374 are held by Kings Point Capital Management. Systematic Financial Mgmt L P reported 9,245 shares stake. Chicago Equity Partners Limited owns 28,400 shares or 0.05% of their USA portfolio. Northeast Investment accumulated 0.11% or 36,826 shares. American Financial Bank holds 0.45% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 27,011 shares. Parsec Financial Mngmt holds 133,298 shares. Finally, BMO Capital Markets reissued a "hold" rating and set a $59.00 price target on shares of Wells Fargo & Co in a research report on Thursday, January 4th. As for this week, analysts appear content to stick with their neutral outlook with the consensus call at 2.4. Fiduciary accumulated 399,495 shares. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company.

Ratings analysis reveals 47% of Wells Fargo & Company's analysts are positive. BERKSHIRE HATHAWAY INC owned 1.09% of Wells Fargo & Company (WFC) worth $13.04 billion at the end of the most recent reporting period. Abner Herrman Brock Ltd Liability Corp owns 0.15% invested in Wells Fargo & Company (NYSE:WFC) for 14,975 shares. Susquehanna has "Hold" rating and $134.0 target. The firm has "Neutral" rating given on Tuesday, April 11 by Piper Jaffray. The rating was maintained by BMO Capital Markets with "Hold" on Friday, October 6.

Wells Fargo & Co declared that its board has initiated a stock repurchase plan on Tuesday, January 23rd that authorizes the company to repurchase 350,000,000 shares.



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