Wells Fargo & Co (WFC) Receiving Somewhat Favorable News Coverage, Analysis Finds

Leslie Hanson
March 12, 2018

Laurel Grove Capital Llc who had been investing in Wells Fargo & Co for a number of months, seems to be less bullish one the $284.03B market cap company. The stock increased 0.34% or $0.72 during the last trading session, reaching $214.81. About 841,551 shares traded.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Investorplace.com which released: "3 Alternative Investments to Wells Fargo & Co Stock" on March 09, 2018, also Latimes.com with their article: "Fed chief says Wells Fargo needs to make "significant" reforms before growth ..." published on March 01, 2018, Latimes.com published: "Wells Fargo is the top banker for the NRA and gunmakers" on March 07, 2018. It has underperformed by 39.89% the S&P500.

Leisure Capital Management decreased its stake in Wells Fargo Co New (WFC) by 63.88% based on its latest 2017Q3 regulatory filing with the SEC. Mkp Capital Management Llc bought 17,750 shares as the company's stock rose 5.22% with the market. The institutional investor held 2.10 million shares of the major banks company at the end of 2017Q3, valued at $141.43 million, down from 2.74 million at the end of the previous reported quarter. Knightsbridge Asset Management Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $335.17B market cap company. The stock increased 2.66% or $1.51 during the last trading session, reaching $58.23. During the same period last year, the business posted $0.96 earnings per share. sell-side analysts predict that Wells Fargo & Co will post 4.72 EPS for the current fiscal year.

Wells Fargo & Co (NYSE WFC) opened at $58.23 on Friday. It has underperformed by 7.03% the S&P500.

Investors sentiment decreased to 0.73 in Q3 2017. Its down 0.15, from 0.88 in 2017Q2.

Several other institutional investors have also added to or reduced their stakes in WFC. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/03/11/wells-fargo-co-wfc-stake-raised-by-true-private-wealth-advisors.html. 322,100 are held by Payden And Rygel. Avenir holds 0.26% or 54,854 shares. 118,944 shares valued at $4.53 million were sold by Thorsen Steven L. JR on Friday, September 29.

Wells Fargo & Co announced that its board has authorized a stock repurchase program on Tuesday, January 23rd that authorizes the company to repurchase 350,000,000 shares. Macquarie Research maintained the shares of WFC in report on Friday, September 25 with "Underperform" rating. Artemis Investment Mgmt Limited Liability Partnership has 1.77M shares. Natl Insur Tx, Texas-based fund reported 309,093 shares. Stephens Ar holds 0.41% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 204,860 shares.


Wells Fargo & Co (NYSE:WFC) last issued its earnings results on Friday, January 12th. Drexel Morgan & Com reported 8,710 shares stake.

TRADEMARK VIOLATION NOTICE: "Wells Fargo & Co (WFC) Receiving Somewhat Favorable News Coverage, Analysis Finds" was originally reported by registrarjournal.com and is owned by of registrarjournal.com. Aspiriant Limited Liability Company has 43,402 shares for 0.2% of their portfolio. Lodestar Inv Counsel Limited Liability Il reported 0.25% stake.

Among 19 analysts covering Ericsson (NASDAQ:ERIC), 4 have Buy rating, 4 Sell and 11 Hold. Therefore 42% are positive. Sandler O'Neill upgraded Wells Fargo & Co from a "hold" rating to a "buy" rating and upped their target price for the stock from $62.04 to $73.00 in a research report on Tuesday, January 9th. Buckingham Research upgraded Wells Fargo & Co from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $57.00 to $75.00 in a research note on Thursday, December 21st. The firm earned "Neutral" rating on Monday, March 5 by Bank of America. Raymond James maintained the shares of WFC in report on Tuesday, August 8 with "Sell" rating. The company was initiated on Thursday, January 19 by Citigroup. UBS maintained Wells Fargo & Company (NYSE:WFC) rating on Friday, October 6. Deutsche Bank maintained the stock with "Buy" rating in Thursday, September 22 report. The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, November 11. Carlson Mngmt stated it has 0.53% of its portfolio in Wells Fargo & Company (NYSE:WFC).

Since November 17, 2017, it had 0 buys, and 1 insider sale for $292,234 activity.

Brandes Investment Partners Lp, which manages about $26.91 billion and $6.23 billion US Long portfolio, upped its stake in Hca Healthcare Inc (NYSE:HCA) by 560,144 shares to 686,968 shares, valued at $66.81M in 2017Q3, according to the filing.

Davis Capital Partners Llc, which manages about $314.70M and $845.42 million US Long portfolio, decreased its stake in Td Ameritrade Hldg Corp (NYSE:AMTD) by 70,000 shares to 400,000 shares, valued at $19.52 million in 2017Q3, according to the filing.

Investors sentiment increased to 1.37 in Q3 2017. Its up 0.08, from 0.95 in 2017Q2. Commercial Bank Of Montreal Can reported 14.04 million shares. Hall Laurie J Trustee holds 0.02% in Cambrex Corporation (NYSE:CBM) or 706 shares. Holderness Investments Company stated it has 29,902 shares. Clark Capital Mgmt Group Inc stated it has 22,622 shares. Brookfield Asset Management Inc. Piedmont Ltd holds 0.01% or 7,130 shares in its portfolio. The New York-based State Teachers Retirement Systems has invested 0.01% in Summit Hotel Properties, Inc. Intersect Cap Ltd accumulated 53,031 shares or 1.66% of the stock. Cobblestone Capital Lc New York invested in 20,849 shares or 0.14% of the stock. Fifth Third Comml Bank owns 344 shares or 0% of their U.S. portfolio. Green Square Capital Limited Liability Corporation owns 5,828 shares. The firm earned "Buy" rating on Tuesday, May 17 by CLSA. Therefore 67% are positive. Microsoft Corporation had 167 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has "Neutral" rating by Robert W. Baird given on Tuesday, August 25. Citigroup maintained the stock with "Buy" rating in Monday, October 9 report. The firm has "Sector Outperform" rating by IBC given on Friday, October 16. BMO Capital Markets has "Hold" rating and $59.0 target.

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