Sentiment for Wells Fargo & Company (NYSE:WFC)
Wells Fargo & Company (NYSE:WFC) institutional sentiment increased to 0.72 in Q2 2018. Its up 0.13, from 0.59 in 2018Q1. The ratio improved, as 556 institutional investors increased and opened new positions, while 774 trimmed and sold stakes in Wells Fargo & Company. The institutional investors in our partner’s database reported: 3.60 billion shares, down from 3.62 billion shares in 2018Q1. Also, the number of institutional investors holding Wells Fargo & Company in their top 10 positions increased from 117 to 133 for an increase of 16. Sold All: 69 Reduced: 705 Increased: 443 New Position: 113.
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 $245.39 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 12.31 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 1.16% or $0.61 during the last trading session, reaching $52.13. About 19.48 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 8.47% since November 14, 2017 and is uptrending. It has underperformed by 7.15% the S&P500.
Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on January, 11. They expect $1.19 EPS, up 22.68 % or $0.22 from last year’s $0.97 per share. WFC’s profit will be $5.60 billion for 10.95 P/E if the $1.19 EPS becomes a reality. After $1.13 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 5.31 % EPS growth.
Daily Journal Corp holds 54.88% of its portfolio in Wells Fargo & Company for 1.59 million shares. American Assets Inc owns 1.75 million shares or 29.7% of their US portfolio. Moreover, Theleme Partners Llp has 28.29% invested in the company for 9.85 million shares. The Delaware-based Brandywine Trust Co has invested 14.48% in the stock. Berkshire Hathaway Inc, a Nebraska-based fund reported 452.01 million shares.
Since January 1, 0001, it had 0 insider purchases, and 2 sales for $7.27 million activity.
Wells Fargo & Company (NYSE:WFC) Ratings Coverage
Ratings analysis reveals 60% of Wells Fargo’s analysts are positive. Out of 5 Wall Street analysts rating Wells Fargo, 3 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $61 while the high is $63. The stock’s average target of $61.75 is 18.45% above today’s ($52.13) share price. WFC was included in 8 notes of analysts from July 2, 2018. Wood upgraded the shares of WFC in report on Monday, July 16 to “Outperform” rating. Macquarie Research upgraded the stock to “Outperform” rating in Monday, October 15 report. As per Monday, July 16, the company rating was maintained by Morgan Stanley. The rating was upgraded by Morgan Stanley on Monday, July 2 to “Equal-Weight”. The firm has “Market Perform” rating given on Monday, July 16 by BMO Capital Markets. The rating was maintained by Nomura with “Buy” on Monday, October 15. Macquarie Research maintained it with “Neutral” rating and $62 target in Monday, September 17 report. The firm has “Neutral” rating by Macquarie Research given on Friday, September 7.
More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Finance.Yahoo.com which released: “Looking for a Bank Buy? You Can Do a Lot Better than Wells Fargo Stock” on November 08, 2018, also Seekingalpha.com with their article: “Wells Fargo Preferred Stock Went On Sale” published on November 09, 2018, Seekingalpha.com published: “Wells Fargo declares $0.43 dividend, adds to buyback” on October 23, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Benzinga.com and their article: “Bank Execs Talk Partnering With Fintechs To Solve Customer Problems” published on November 14, 2018 as well as Seekingalpha.com‘s news article titled: “Wells Fargo, BlackRock plaintiffs settle RMBS litigation” with publication date: November 12, 2018.