Equities Analysts Offer Predictions for Wells Fargo's Q1 2018 Earnings (NYSE:WFC)

Marco Green
May 2, 2018

Moreover, Zeke Advisors Ltd Co has 0.84% invested in Wells Fargo & Company (NYSE:WFC) for 131,921 shares.

Earnings per Share Details of Wells Fargo & Company: The EPS of WFC is strolling at 3.74, measuring its EPS growth this year at -9.4 percent. About 3.01 million shares traded. Busey Tru Company owns 1.85% invested in Wells Fargo & Company (NYSE:WFC) for 238,940 shs. WFC underperformed the S&P500 by 19.30%. The stock of MetLife, Inc. (NYSE:CMCM) is a huge mover today! The stock increased 1.81% or $2.94 during the last trading session, reaching $165.26. Hotchkis & Wiley Capital Management Llc has risen its stake in Bank Of Nt Butterfield&Son L and also increased its holding in Seritage Growth Pptys by 417,723 shares in the quarter, for a total of 3.25 million shares. It has outperformed by 43.38% the S&P500. Its up 67.04% from 1.08M shares previously. We have $12.00 PT which if reached, will make NYSE:CMCM worth $107.40 million less.

WFC registered $292,234 net activity with 0 insider purchases and 1 insider sale since November 17, 2017. $292,234 worth of Wells Fargo & Company (NYSE:WFC) was sold by Codel Franklin R.

Capital World Investors increased its holdings in Wells Fargo by 10.8% in the second quarter. It has change of 0.02, from 2017Q3's 0.73. It improved, as 63 investors sold WFC shares while 746 reduced holdings.

Several other hedge funds have also added to or reduced their stakes in WFC. With 1.32M avg volume, 2 days are for Chimera Investment Corporation (NYSE:CIM)'s short sellers to cover CIM's short positions. Commonwealth Of Pennsylvania Public School Empls Retrmt System holds 0.33% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 396,418 shares. Adage Prtnrs Grp Inc Llc accumulated 7.18M shares. Following the transaction, the director now owns 81 shares of the company's stock, valued at $4,534.38. Stockholders of record on Friday, May 4th will be paid a dividend of $0.39 per share. Goldstein Munger & Associate owns 0.13% invested in Wells Fargo & Company (NYSE:WFC) for 4,900 shs. The institutional investor held 71,485 shares of the consumer non-durables company at the end of 2017Q4, valued at $4.24 million, up from 53,700 at the end of the previous reported quarter. Invesco Ltd owns 570,145 shares. The stock of Wells Fargo & Company (NYSE:WFC) earned "Hold" rating by BMO Capital Markets on Sunday, February 4. New Mexico Educational Retirement Board stated it has 0.99% in Wells Fargo & Company (NYSE:WFC).

Wells Fargo & Company (WFC) may still provide value, but that is for you to determine with the current information. Over the last six months, Wells Fargo & Company's stock has been -6.58% and -3.49% for the year. 85,253 are held by Washington Bankshares. 405.24 million shares or 0.97% more from 401.33 million shares in 2017Q3 were reported. Therefore 50% are positive. Wells Fargo & Company had 148 analyst reports since July 29, 2015 according to SRatingsIntel. Finally, Keefe, Bruyette & Woods raised Wells Fargo to a "buy" rating in a research note on Monday. Barclays upped their target price on Wells Fargo from $65.00 to $75.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 2nd. As per Wednesday, January 10, the company rating was upgraded by Atlantic Securities. Nuwave Mngmt Llc invested in 13,534 shares. The stock of Wells Fargo & Company (NYSE:WFC) has "Hold" rating given on Monday, April 23 by Susquehanna. On Friday, September 25 the stock rating was maintained by Macquarie Research with "Underperform". Citigroup maintained the shares of WFC in report on Monday, October 9 with "Buy" rating. The company was upgraded on Tuesday, January 9 by Sandler O'Neill.

Provise Management Group Llc increased its stake in General Mls Inc (GIS) by 33.12% based on its latest 2017Q4 regulatory filing with the SEC. It also reduced Mylan N V Shs Euro (NASDAQ:MYL) stake by 13,763 shares and now owns 82,146 shares. Spdr Series Trust (TLO) was raised too.

This week, Wells Fargo & Company has posted -1.24% result with a current price of $51.96. Piper Jaffray analyst K. Barker now anticipates that the financial services provider will post earnings of $1.07 per share for the quarter, up from their prior estimate of $1.05. AFSI's profit will be $58.92 million for 10.86 P/E if the $0.30 EPS becomes a reality. The firm has a market cap of $255,399.20, a PE ratio of 12.79, a P/E/G ratio of 1.42 and a beta of 1.13. The Company's mobile and PC applications for users include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; CM Security, an anti-virus and security application for mobile devices; Battery Doctor, a power optimization tool for mobile devices; Cheetah Browser, a safe Web browser for PCs and mobile devices; CM Browser, a mobile browser; CM Launcher, a secure launcher that offers acceleration, secure protection, and stylish wallpapers, as well as automatically organizes mobile applications based on personal behavior; Photo Grid, a photo collage application that allows users to create professional looking collages of photos through an intuitive interface for mobile devices; CM Locker, a lightweight lock screen; and Duba Anti-virus, an Internet security application for PC and mobile devices. BMO Capital Markets maintained the stock with "Hold" rating in Wednesday, September 6 report. Therefore 20% are positive. The SI to Chimera Investment Corporation's float is 1.4%. Morgan Stanley downgraded it to "Equal-Weight" rating and $56 target in Wednesday, November 11 report. As per Thursday, March 1, the company rating was downgraded by SunTrust.

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