Flippin Bruce & Porter Inc. Sells 2145 Shares of Wells Fargo (NYSE:WFC)
Flippin Bruce & Porter Inc. Sells 2145 Shares of Wells Fargo (NYSE:WFC)
17 May, 2018, 10:07
Vetr raised Wells Fargo from a "sell" rating to a "hold" rating and set a $54.78 target price for the company in a report on Monday, February 12th. Piper Jaffray analyst K. Barker now anticipates that the financial services provider will earn $1.11 per share for the quarter, down from their prior forecast of $1.12. Blue Edge Lc holds 0.57% of its capital in Wells Fargo & Company (NYSE:WFC) for 23,555 shs. The Florida-based Dreman Value Management L L C has invested 1.81% in Wells Fargo & Company (NYSE:WFC).
Wells Fargo & Company (WFC) has a Return on Assets of 1 percent, Return on Investment of 9.8 percent and a Return on Equity of 11.2 percent. Edgepoint Investment Group Inc has cut its stake in Ubiquiti Networks Inc (NASDAQ:UBNT) and also reduced its holding in Anthem Inc (NYSE:ANTM) by 1.06M shares in the quarter, for a total of 1.15 million shares. Theleme Partners Llp reported 7.53 million shares. Company insiders own 0.09% of the company's stock. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Seekingalpha.com and their article: "Wells Fargo: Buying Opportunity?" published on April 25, 2018 as well as Seekingalpha.com's news article titled: "Tracking David Abrams' Abrams Capital Management Portfolio - Q1 2018 Update" with publication date: May 15, 2018.
Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions.The firm is valued at $269.03 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.13.18 is the P/E ratio. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.72.
Trading volume, or volume, is the number of shares or contracts that point towards the full activity of a security or stock market for a given period. WFC underperformed the S&P 500 by 19.30%. After the giving short look at one day return of Wells Fargo & Company it is observed that WFC reported up return of 0.50% in last trading session. EPS of $1.12 is 4.67 % up from 2017's $1.07 EPS. WFC's profit could hit $5.46 billion if the current EPS of $1.12 is accurate. Analysts at Wall Street see Wells Fargo & Company's 0.00 % EPS growth compared to $1.12 earnings per share for previous quarter. Commerce Financial Bank owns 1.24 million shs. State Bank reported 0.5% in Wells Fargo & Company (NYSE:WFC). On Thursday, January 4 the stock has "Hold" rating by BMO Capital Markets. Sarasin And Prns Limited Liability Partnership has 0.97% invested in Wells Fargo & Company (NYSE:WFC). Following last close company's stock, is 6.72% above their SMA 50 and -7.21% below the 52-week high. Dnb Asset Mgmt As holds 0.36% or 495,577 shs in its capital. Birch Hill Inv Advsrs Limited Liability Corp stated it has 287,917 shs or 1.44% of all its holdings. Contravisory Management Incorporated stated it has 280 shs. 84,604 are held by Mariner Wealth Advsr Llc. Wells Fargo has a 12 month low of $49.27 and a 12 month high of $66.31. Ramsay Stattman Vela Price Inc reported 2.51% stake. Northside Capital Ltd Limited Liability Company accumulated 64,177 shs. (NYSE:WFC) has 54% bullish analysts. (NYSE:WFC) has 46 ratings reports on 16 May 2018 according to StockzIntelligence. The stock of Wells Fargo & Company (NYSE:WFC) earned "Neutral" rating by JP Morgan on Wednesday, September 21. The firm has "Hold" rating by Jefferies given on Thursday, February 8. Through this figure traders can analyze that WFC show whether or not a stock now most active and standing in buying side or sell side. The company rating was maintained by Nomura on Monday, February 5. On Sunday, February 4 Susquehanna maintained Wells Fargo & Company (NYSE:WFC) with "Hold" rating. On Tuesday, January 2 the firm has "Buy" rating by Robert W. Baird given. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company's stock.
Chevron Corporation (NYSE:CVX) market capitalization at present is $245.79B at the rate of $129.74 a share.
More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Bizjournals.com which released: "Wells Fargo taps JPMorgan Chase exec as chief risk officer" on May 07, 2018, also 247Wallst.com with their article: "Wells Fargo's Tim Sloan Remains One of America's Worst CEOs" published on May 05, 2018, 247Wallst.com published: "Well Fargo Renews Its Commitment to You After Rip-Offs" on May 09, 2018.
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