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Wells Fargo & Company (NYSE:WFC) Institutional Investor Positioning

December 11, 2017 - By Adrian Mccoy

 Wells Fargo & Company (NYSE:WFC) Institutional Investor Positioning

Sentiment for Wells Fargo & Company (NYSE:WFC)

Wells Fargo & Company (NYSE:WFC) institutional sentiment increased to 0.88 in 2017 Q2. Its up 0.12, from 0.76 in 2017Q1. The ratio has increased, as 676 active investment managers started new and increased equity positions, while 770 trimmed and sold holdings in Wells Fargo & Company. The active investment managers in our partner’s database now hold: 3.66 billion shares, down from 3.73 billion shares in 2017Q1. Also, the number of active investment managers holding Wells Fargo & Company in their top 10 equity positions decreased from 207 to 189 for a decrease of 18. Sold All: 85 Reduced: 685 Increased: 566 New Position: 110.

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 $290.73 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 15.26 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.

The stock decreased 0.46% or $0.27 during the last trading session, reaching $59.04. About 3.19M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since December 11, 2016 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. They expect $1.04 earnings per share, up 0.97 % or $0.01 from last year’s $1.03 per share. WFC’s profit will be $5.12 billion for 14.19 P/E if the $1.04 EPS becomes a reality. After $1.04 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Daily Journal Corp holds 58.07% of its portfolio in Wells Fargo & Company for 1.59 million shares. American Assets Inc owns 1.75 million shares or 29.53% of their US portfolio. Moreover, Vantage Investment Partners Llc has 29.27% invested in the company for 5.81 million shares. The United Kingdom-based Theleme Partners Llp has invested 21.37% in the stock. Brandywine Trust Co, a Delaware-based fund reported 304,853 shares.#img1#

Wells Fargo & Company (NYSE:WFC) Ratings Coverage

Ratings analysis reveals 42% of Wells Fargo & Company’s analysts are positive. Out of 33 Wall Street analysts rating Wells Fargo & Company, 14 give it “Buy”, 5 “Sell” rating, while 14 recommend “Hold”. The lowest target is $44 while the high is $67. The stock’s average target of $56.73 is -3.91% below today’s ($59.04) share price. WFC was included in 104 notes of analysts from July 29, 2015. The firm has “Buy” rating by Deutsche Bank given on Tuesday, September 8. Keefe Bruyette & Woods downgraded the shares of WFC in report on Monday, October 17 to “Mkt Perform” rating. The stock of Wells Fargo & Company (NYSE:WFC) has “Hold” rating given on Monday, April 11 by Sandler O’Neill. The stock has “Buy” rating by RBC Capital Markets on Thursday, June 22. The company was maintained on Friday, October 13 by Piper Jaffray. The firm has “Buy” rating given on Friday, August 25 by Keefe Bruyette & Woods. The rating was upgraded by Sandler O’Neill on Wednesday, September 2 to “Buy”. The firm earned “Outperform” rating on Friday, October 16 by RBC Capital Markets. Vetr upgraded the shares of WFC in report on Wednesday, September 2 to “Strong-Buy” rating. The rating was maintained by Argus Research with “Buy” on Tuesday, January 19.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Reuters.com which released: “Exclusive: Wells Fargo sanctions are on ice under Trump official – sources” on December 07, 2017, also Reuters.com with their article: “New York pension fund seeks more pay disclosure from Wells Fargo” published on December 07, 2017, Latimes.com published: “Trump denies that Wells Fargo may avoid federal penalties for alleged mortgage …” on December 08, 2017. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Bizjournals.com and their article: “Bank Notes: Trump says Wells Fargo not off the hook; BofA gains on Chase” published on December 11, 2017 as well as Seekingalpha.com‘s news article titled: “Blockchain Won’t Destroy Wells Fargo” with publication date: November 29, 2017.

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