Bank regulator faults itself for missing Wells Fargo issues
Bank regulator faults itself for missing Wells Fargo issues
Wells Fargo & Co (WFC) CEO Timothy J. Sloan Acquires 39000 Shares
20 April, 2017, 00:09
The current share price indicates that stock is -1.73% away from its one year high and is moving 32.59% ahead of its 52-week low. The firm owned 295,310 shares of the financial services provider's stock after buying an additional 233,700 shares during the period. Davis Selected Advisers now owns 26,425,695 shares of the financial services provider's stock worth $1,456,320,000 after buying an additional 232,344 shares in the last quarter.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC reiterated a "buy" rating and set a $65.00 price target on shares of Wells Fargo & Co in a research report on Tuesday, January 10th. Equities research analysts predict that Wells Fargo & Co will post $4.20 earnings per share for the current fiscal year. Smithbridge Asset Management Inc. The company's revenue for the quarter was down.9% compared to the same quarter a year ago. Integrated Wealth Counsel LLC increased its position in Wells Fargo & Co by 17.8% in the third quarter.
Stock is now moving with a positive distance from the 200 day simple moving average of approximately 2.99%, and has a poor year to date (YTD) performance of -3.69% which means the stock is constantly subtracting to its value from the previous fiscal year end price.
Wells Fargo & Co (NYSE:WFC) last announced its quarterly earnings results on Thursday, April 13th.
Wells Fargo 's CEO Timothy Sloan scooped up almost 40,000 shares in the bank valued at $2 million, according to a filing with the Securities and Exchange Commission.
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"These are new stock purchases, as opposed to compensation", a Wells Fargo spokesperson said in an e-mail to CNBC. Susquehanna Bancshares Inc reaffirmed a "hold" rating on shares of Wells Fargo & Co in a report on Wednesday, January 11th.
Shares of Wells Fargo & Co (NYSE:WFC) opened at 52.45 on Wednesday. Integrated Wealth Counsel LLC now owns 2,408 shares of the financial services provider's stock valued at $107,000 after buying an additional 363 shares in the last quarter. Rocky Mountain Advisers LLC increased its position in Wells Fargo & Co by 117.6% in the fourth quarter. Guggenheim upgraded the shares of WFC in report on Wednesday, July 29 to "Buy" rating. The stock was sold at an average price of $59.02, for a total transaction of $6,946,890.08. About 5.85 million shares traded. Wells Fargo & Co comprises about 1.4% of Lebenthal Asset Management LLC's investment portfolio, making the stock its 9th largest position. Both documents list the same price for the securities, $51.65.
Analysts' mean recommendation for Wells Fargo & Company (WFC) stands at 2.70. Vetr cut shares of Wells Fargo & Co from a "sell" rating to a "strong sell" rating and set a $48.64 price target on the stock.in a report on Monday, December 26th. Gierl Augustine Investment Management Inc raised its position in shares of Wells Fargo & Co by 7.0% in the third quarter. During the same quarter in the previous year, the company earned $0.99 earnings per share. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have assigned a buy rating to the company. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of USA & worldwide copyright law.
Want to see what other hedge funds are holding WFC? Coconut Grove Bank now owns 2,538 shares of the financial services provider's stock worth $112,000 after buying an additional 900 shares in the last quarter. Analysts recommended an average brokerage rating of Hold derived from brokerage firms, according to FactSet. CARROLL DAVID M had sold 117,704 shares worth $6.95 million on Friday, March 3. The disclosure for this sale can be found here.
Now the P/E of Wells Fargo & Company stands at 13.19. The Firm is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.
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