Rough Year Ahead for Wells Fargo

Marco Green
July 22, 2017

It looks like traders are happy with the stock. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since July 21, 2016 and is uptrending. It has underperformed by 7.03% the S&P500. Guardian Limited Partnership reported 466,954 shares stake. The Capital International Ltd holds 125,556 shares with $9.20 million value, up from 4,100 last quarter. Universal Display Corp (Call) now has $5.72 billion valuation. Citigroup owns 6,238 shares for 0% of their portfolio. It has outperformed by 43.26% the S&P500. Finally, Vetr raised shares of Wells Fargo & from a "hold" rating to a "buy" rating and set a $58.06 price objective for the company in a research note on Monday, March 27th. Equities research analysts anticipate that Wells Fargo & will post $4.18 EPS for the current year. Vining Sparks maintained the stock with "Strong-Buy" rating in Friday, April 28 report. Freestone Hldg Limited Liability Corporation has invested 0% of its portfolio in Wells Fargo & Co (NYSE:WFC). The company has a market cap of $269.94 billion, a price-to-earnings ratio of 13.39 and a beta of 0.96. Oak Associates Ltd Oh invested 2.71% of its portfolio in Wells Fargo & Co (NYSE:WFC). The stock of Wells Fargo & Co (NYSE:WFC) has "Underperform" rating given on Friday, September 25 by Macquarie Research.

7/10/2017-Buckingham Research Reiterated Rating of Neutral. Deutsche Bank AG restated a "buy" rating on shares of Wells Fargo & in a research report on Monday, July 3rd. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

Bb&T Corp decreased Wells Fargo & Co (WFC) stake by 23.77% reported in 2016Q4 SEC filing. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.05. IPCI's profit will be $290,929 for 67.25 P/E if the $0.01 EPS becomes a reality. BERKSHIRE HATHAWAY INC also sold $383.92 million worth of Wells Fargo & Co (NYSE:WFC) shares.

Since March 3, 2017, it had 1 insider buy, and 7 selling transactions for $397.31 million activity. $1.47M worth of stock was sold by CARROLL DAVID M on Wednesday, March 22. Pelos Petros G had sold 24,708 shares worth $1.34 million.

In related news, Director Ronald Sargent acquired 9,050 shares of the firm's stock in a transaction dated Friday, May 5th. Additionally Wells Fargo & Company recently announced a dividend for shareholders that was paid on Thu Jun 1, 2017. Loughlin Michael J had sold 20,000 shares worth $1.04 million. Palo Capital Inc. now owns 42,033 shares of the financial services provider's stock worth $2,340,000 after buying an additional 15,756 shares during the last quarter. $1.04 million worth of Wells Fargo & Co (NYSE:WFC) was sold by Hardison Hope A.

Investors sentiment decreased to 0.78 in Q4 2016. Its up 0.12, from 0.93 in 2016Q3. It dropped, as 112 investors sold WFC shares while 836 reduced holdings. 149 funds opened positions while 487 raised stakes. State Teachers Retirement System owns 8.18 million shares.

The U.S. Labor Department has ordered Wells Fargo & reinstate another former employee who alleged she was sacked after reporting part of the widespread fraud that engulfed the bank in a major scandal. Therefore, ROE for Wells Fargo & Company, WFC is 11.60%. Eagle Asset Management has 1.87M shares. Independent Portfolio Consultants Inc accumulated 270 shares. Tower Bridge owns 30,974 shares. Independent Order Of Foresters invested in 16,742 shares. The United Kingdom-based Bp Pcl has invested 1.29% in Wells Fargo & Co (NYSE:WFC). Sather Financial Gp Incorporated holds 178,156 shares or 3.39% of its portfolio. That puts total institutional holdings at 3,849,424,335 shares, according to SEC filings. Yhb Investment Advsrs holds 45,136 shares. Chemung Canal Trust holds 0.22% or 17,288 shares. Endowment Mgmt LP has 0.07% invested in Wells Fargo & Co (NYSE:WFC) for 8,200 shares. After $-0.06 actual EPS reported by IntelliPharmaCeutics Intl Inc (USA) for the previous quarter, Wall Street now forecasts -116.67% EPS growth. As per Tuesday, October 4, the company rating was downgraded by Raymond James. Goldman Sachs has "Buy" rating and $8800 target. Susquehanna initiated it with "Positive" rating and $100 target in Wednesday, February 15 report. The firm has "Hold" rating by Kepler Cheuvreux given on Wednesday, January 27. Jefferies has "Hold" rating and $6200 target. Piper Jaffray upgraded it to "Neutral" rating and $55 target in Tuesday, April 11 report. The stock has "Outperform" rating by BMO Capital Markets on Friday, October 21.

Investors sentiment decreased to 1.93 in Q4 2016. Its down 0.30, from 0.97 in 2016Q3. 6 funds opened positions while 21 raised stakes. Aperio Group Limited Liability Company invested 0.06% in C.H. Robinson Worldwide Inc (NASDAQ:CHRW). Ci Investments Inc holds 4.29% or 3.25 million shares in its portfolio. These analysts have also projected a Low Estimate of $0.96/share and a High Estimate of $1.12/share. Morgan Stanley owns 0.01% invested in Universal Display Corporation (NASDAQ:OLED) for 341,660 shares. Sumitomo Life Ins Company holds 145,429 shares or 1.14% of its portfolio. Savings Bank Of Ny Mellon holds 0% or 35,552 shares. D E Shaw invested in 44,782 shares. Argent Cap Mngmt Lc stated it has 2.12% in C.H. Robinson Worldwide Inc (NASDAQ:CHRW).

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