Wells Fargo & Co's (WFC) Hold Rating Reiterated at BMO Capital Markets

Marco Green
January 14, 2018

Sand Hill Global Advisors Llc who had been investing in Wells Fargo Co New for a number of months, seems to be bullish on the $308.01B market cap company. The stock decreased 0.89% or $0.5601 during the last trading session, reaching $62.4499. The shares were sold at an average price of $57.80, for a total transaction of $1,010,459.60.

Wells Fargo & Co (NYSE:WFC) last announced its earnings results on Friday, January 12th. It has underperformed by 7.03% the S&P500.

Rosenblum Silverman Sutton S F Inc increased its stake in Netflix Inc.

Bill Miller increased its stake in Procter And Gamble Co (PG) by 60.17% based on its latest 2017Q3 regulatory filing with the SEC. Integral Derivatives Llc sold 4,800 shares as the company's stock rose 6.39% with the market. Integral Derivatives Llc who had been investing in Duk (Call) for a number of months, seems to be less bullish one the $55.23B market cap company.

The stock decreased 0.99% or $0.63 during the last trading session, reaching $63.24. About 650,599 shares traded or 20.02% up from the average. LHC Group, Inc. (NASDAQ:LHCG) has risen 42.98% since January 13, 2017 and is uptrending. It has outperformed by 16.30% the S&P500. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the company's stock. Therefore 15% are positive.

Analysts at Oppenheimer issued their Q1 2018 EPS estimates for Wells Fargo & Co in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. The rating was maintained by Evercore on Wednesday, April 19 with "Outperform". The firm earned "Outperform" rating on Thursday, January 28 by RBC Capital Markets. RBC Capital Markets maintained it with "Buy" rating and $6000 target in Thursday, June 22 report. The firm has "Hold" rating given on Friday, October 6 by BMO Capital Markets. Citigroup Inc. cut shares of Wells Fargo & Company to an underperform rating in a research report on Friday, November 18th. Vertical Group upgraded the shares of WFC in report on Thursday, December 7 to "Buy" rating. Also, insider John R. Shrewsberry sold 70,000 shares of the company's stock in a transaction on Thursday, November 30th. Piper Jaffray Companies reaffirmed a "neutral" rating and issued a $50.00 target price (down previously from $52.00) on shares of Wells Fargo & Co in a research report on Wednesday, September 13th.

Investors sentiment decreased to 0.73 in 2017 Q3. Its up 0.34, from 0.94 in 2017Q2. It fall, as 92 investors sold WFC shares while 725 reduced holdings.

Hedge funds have recently made changes to their positions in the company. E&G Advisors Lp stated it has 5,583 shares or 0.14% of all its holdings. As per Friday, October 27, the company rating was maintained by Cowen & Co. Shares for $1.04 million were sold by KNOWLING ROBERT E JR. Point72 Asia (Hong Kong) Ltd reported 7,741 shares. Mrj Capital reported 45,061 shares. Cullen Cap Mgmt Ltd Liability Corp holds 1.17M shares. Umb Bancorp N A Mo holds 0.39% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 205,965 shares. Baxter Bros holds 200,756 shares or 3.18% of its portfolio. Sabal holds 376,760 shares. Focused Invsts Limited Liability reported 1.91% stake. Moreover, Pinnacle has 0.09% invested in Wells Fargo & Company (NYSE:WFC) for 87,000 shares. Systematic Lp owns 9,245 shares. Texas Yale Capital Corp invested in 0.23% or 47,557 shares. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.13.

Greylin Investment Mangement Inc, which manages about $435.83M and $436.72M US Long portfolio, upped its stake in Greenhill & Co Inc (NYSE:GHL) by 29,350 shares to 62,925 shares, valued at $1.05M in 2017Q3, according to the filing.

Investors sentiment is 1 in Q3 2017. Its down 0.12, from 0.94 in 2017Q2. It worsened, as 56 investors sold NFLX shares while 255 reduced holdings. 110 funds opened positions while 558 raised stakes. 3,744 were reported by Ckw Financial Gru. First Quadrant Limited Partnership Ca holds 0.27% or 248,552 shares in its portfolio. 480 are owned by Pathstone Family Office Limited. Public Employees Retirement Systems Of Ohio owns 0.27% invested in Netflix, Inc. (NASDAQ:LHCG) for 859,552 shares. The United Kingdom-based City Of London Invest Management has invested 4.66% in The Asia Pacific Fund, Inc. Oarsman Inc holds 0.29% or 12,453 shares. Eam Invsts stated it has 0.54% of its portfolio in LHC Group, Inc. Lynch Assoc In holds 2.65% in Wells Fargo & Company (NYSE:WFC) or 120,925 shares. Moreover, Sumitomo Mitsui Tru has 0.17% invested in Prologis, Inc. Jacobs Levy Equity Mgmt owns 305,630 shares for 0.33% of their portfolio. (NASDAQ:NFLX) for 44,212 shares. Shaker Investments Ltd Limited Liability Company Oh holds 35,585 shares. After $1.21 actual EPS reported by The Estée Lauder Companies Inc. for the previous quarter, Wall Street now forecasts 17.36% EPS growth. Fruth Invest Mgmt stated it has 9,242 shares. (NASDAQ:NFLX) for 136,102 shares. The rating was maintained by SunTrust with "Hold" on Monday, October 23. The Bank Of Nova Scotia had 17 analyst reports since August 4, 2015 according to SRatingsIntel. On Tuesday, August 8 the stock rating was maintained by Raymond James with "Sell".

Among 24 analysts covering Proctor & Gamble (NYSE:PG), 12 have Buy rating, 1 Sell and 11 Hold. As per Tuesday, September 8, the company rating was upgraded by Evercore. The stock of Netflix, Inc. (NYSE:ROP) has "Overweight" rating given on Wednesday, September 20 by JP Morgan. Stifel Nicolaus maintained The Estée Lauder Companies Inc. Jefferies upgraded Netflix, Inc. (NASDAQ:FB) rating on Wednesday, September 27. The stock presently has an average rating of "Hold" and an average target price of $58.87. "Also, the company raised its prime lending rate to 3.75%, following Fed interest rate hike to 0.50%-0.75%, which is likely to alleviate margin pressure in the coming period".

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