Investors sentiment decreased to 0.73 in Q3 2017. Its down 0.15, from 0.88 in 2017Q2. It dropped, as 92 investors sold Wells Fargo & Company shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported.
Weatherstone Capital accumulated 4,000 shares or 0.15% of the stock. Blue Chip has 97,101 shares. Trust Of Toledo Na Oh accumulated 89,261 shares. Mason Street Advsr Limited Liability Corporation stated it has 620,179 shares. Employees Retirement Sys Of Texas stated it has 0.68% in Wells Fargo & Company (NYSE:WFC). Indiana Trust Investment Management Company holds 35,237 shares or 0.94% of its portfolio. Bnp Paribas Asset Mgmt Holding Sa holds 0.33% or 708,829 shares. Dnb Asset Management As reported 487,218 shares stake. Moreover, Canal Insurance has 0.74% invested in Wells Fargo & Company (NYSE:WFC). South Texas Money Mngmt reported 5,258 shares or 0.01% of all its holdings. Boulegeris Invests holds 0.51% or 16,746 shares. D Scott Neal owns 0.01% invested in Wells Fargo & Company (NYSE:WFC) for 253 shares. Holderness holds 0.86% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 29,902 shares. Sky Grp Llc holds 5,360 shares. State Of Tennessee Treasury Department has 3.12M shares for 0.87% of their portfolio.
The stock of Wells Fargo & Company (NYSE:WFC) hit a new 52-week high and has $67.91 target or 8.00 % above today’s $62.88 share price. The 8 months bullish chart indicates low risk for the $309.64 billion company. The 1-year high was reported on Jan, 11 by Barchart.com. If the $67.91 price target is reached, the company will be worth $24.77B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.
The stock decreased 0.38% or $0.24 during the last trading session, reaching $62.88. About 9.43 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 11, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.
Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on January, 12 before the open. They expect $1.04 EPS, up 0.97 % or $0.01 from last year’s $1.03 per share. WFC’s profit will be $5.12 billion for 15.12 P/E if the $1.04 EPS becomes a reality. After $1.04 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.
Wells Fargo & Company (NYSE:WFC) Ratings Coverage
Among 36 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 5 Sell and 14 Hold. Therefore 47% are positive. Wells Fargo & Company had 115 analyst reports since July 29, 2015 according to SRatingsIntel. On Thursday, January 7 the stock rating was upgraded by Citigroup to “Buy”. The firm earned “Buy” rating on Wednesday, September 2 by Sandler O’Neill. The rating was maintained by RBC Capital Markets on Thursday, July 27 with “Buy”. The rating was maintained by FBR Capital with “Outperform” on Tuesday, September 27. The rating was maintained by RBC Capital Markets with “Buy” on Friday, October 6. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Argus Research on Tuesday, January 19. The stock of Wells Fargo & Company (NYSE:WFC) has “Neutral” rating given on Wednesday, April 26 by Guggenheim. As per Thursday, June 22, the company rating was maintained by RBC Capital Markets. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, December 21 report. The stock of Wells Fargo & Company (NYSE:WFC) earned “Outperform” rating by Evercore on Wednesday, April 12.
More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Fool.com which released: “What to Expect From Wells Fargo & Company in 2018” on December 29, 2017, also Valuewalk.com with their article: “Wells Fargo & Co 4Q17 Earnings Preview: Listen For A Plan On The Call” published on January 11, 2018, Investorplace.com published: “Wells Fargo & Co (WFC) a Sell on Falling Sales Growth” on January 10, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Fool.com and their article: “Better Buy: Wells Fargo & Company vs. JPMorgan Chase” published on December 19, 2017 as well as Fool.com‘s news article titled: “Will 2018 Be Wells Fargo & Company’s Best Year Yet?” with publication date: January 03, 2018.
Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company has market cap of $309.64 billion. The Company’s Community Banking segment offers checking, savings, market rate, and individual retirement accounts, as well as time deposits and remittances; and lines of credit, automobile floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards. It has a 16.25 P/E ratio. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, merchant payment processing, and private label financing solutions, as well as purchases retail installment contracts.