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Wells Fargo & Company (WFC) Stock Rating Upgraded by Zacks Investment Research

13 October, 2017, 14:35 | Author: Jeff Stephens
  • Wells Fargo & Company

The firm has "Sector Weight" rating given on Thursday, August 27 by KeyBanc Capital Markets. Seven analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. (NASDAQ:INFN) has "Buy" rating given on Friday, February 10 by Instinet. The firm earned "Neutral" rating on Wednesday, September 21 by JP Morgan. Citigroup downgraded the stock to "Hold" rating in Tuesday, October 10 report.

Wells Fargo & Company (NYSE:WFC) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a research note issued to investors on Thursday. As per Tuesday, January 19, the company rating was maintained by Compass Point. The legal version of this piece can be accessed at https://stocknewstimes.com/2017/10/12/wells-fargo-company-wfc-stock-rating-upgraded-by-zacks-investment-research.html. CG's profit would be $153.08 million giving it 13.02 P/E if the $0.46 EPS is correct. About 35 shares traded. Lincoln Educational Services Corp (NASDAQ:LINC) has risen 108.84% since October 12, 2016 and is uptrending. It has outperformed by 11.03% the S&P500.

Wells Fargo & Company's insider ownership stands at 79.58 percent, while its insider transaction is -0.18 percent. The Market Cap of the company is $277.49 Billion. The Company is a diversified financial services company.

The most current P/E ratio is 13.71 and the market value is 276.29B. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

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Investors sentiment increased to 0.88 in Q2 2017. Its down 0.30, from 0.88 in 2017Q1. First National Bank Sioux Falls sold 11,595 shares as Wells Fargo & Co (WFC)'s stock declined 8.66%. 110 funds opened positions while 566 raised stakes.

Arete Wealth Advisors Llc increased Wells Fargo & Co New (WFC) stake by 76.04% reported in 2017Q2 SEC filing. Massachusetts-based St Germain D J has invested 0.95% in Wells Fargo & Co (NYSE:WFC). Hancock Hldg invested in 0.01% or 4,413 shares. Millennium Management Limited Liability Com has 194,756 shares for 0.02% of their portfolio.

Shares of the company are trading at $55.66 which is marginally over $52.89, the 50 day moving average and barely above the 200 day moving average of $53.57. Teacher Retirement Of Texas, Texas-based fund reported 3.10M shares. For the quarter, shares have been noted at 0.11%. Tetrem Cap Mngmt Limited reported 1.17 million shares. BMO Capital Markets has "Hold" rating and $31700 target. Peak6 Investments LP invested in 0.01% or 34,725 shares. Benjamin F Edwards & Incorporated stated it has 0.17% in Wells Fargo & Co (NYSE:WFC). Chesley Taft Associates Lc holds 785 shares. For the quarter, shares have been noted at 4.02%.

Wells Fargo & (NYSE:WFC) last announced its quarterly earnings results on Friday, July 14th. The New Jersey-based Peapack Gladstone has invested 0% in Wells Fargo & Co (NYSE:WFC). It has underperformed by 7.03% the S&P500.

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Tightening the gaze, stock performance for the last 5 trading days is 1.27%. Another trade for 9,050 shares valued at $499,108 was made by SARGENT RONALD on Friday, May 5. McQueen Ball & Associates Inc. bought a new stake in Wells Fargo & in the third quarter worth approximately $218,000. 38,988 shares were sold by Mack Mary T, worth $2.05 million.

WFC's Sr. Executive Vice President Pelos Petros G Sell 24708 shares of the company at a price of $54.07 on 2017-06-12. The value of the position overall is up by 4.6%. Blackrock holds 638,385 shares. First Manhattan reported 2.05% stake. Moreover, Morgan Stanley has 0% invested in Invacare Corporation (NYSE:IVC). California Pub Employees Retirement Systems invested 0% in Lincoln Educational Services Corp (NASDAQ:LINC). Sirios Capital Management Lp holds 3.55% or 225,848 shares. Nantahala Ltd Liability has 2.10 million shares for 0.52% of their portfolio. It worsened, as 99 investors sold BCR shares while 273 reduced holdings. Paloma Prtn Management Co has invested 0.16% in Wells Fargo & Co (NYSE:WFC). The Company's geographical divisions are Europe; North America, which includes North America/Home Medical Equipment and Institutional Products Group (IPG) divisions, and Asia/Pacific.

According to Zacks, "Shares of Wells Fargo have underperformed the industry year to date". Manatuck Hill Partners Llc owns 300,000 shares or 1.61% of their U.S. portfolio.

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