The highest analyst price target is $63.00, which implies a gain of 71 percent. (NASDAQ:BDE) is $4.81 while analysts mean recommendation is 2.50.
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Wells Fargo & Co (NYSE:WFC)’s values for SMA20, SMA50 and SMA200 are 1.92%, 1.89% and -1.54%, respectively. Following the sale, the chief operating officer now owns 650,815 shares in the company, valued at $31,837,869.80.
Wells Fargo & Co (NYSE:WFC) went up +0.47% during trading on 8/8/2016, hitting $49.05. Analysts believe the company can continue to increase in value to reach at $53.11 a share over the next twelve months. The Hedge Fund company now holds 337,680 shares of WFC which is valued at $16,063,438.
For the next one year, EPS estimate is set at $4.20 by 31 analysts although a year ago the analysts recommended the company’s EPS at $4.03.
Low rates have increased loan originations and Wells Fargo has one of the biggest shares in the mortgage market. During the same quarter in the previous year, the company posted $1.03 EPS. Current price places the company’s stock -0.98% away from its 200-day simple moving average, 2.53%, away from the 50-day average and also 2.18% away from 20-day average.
Several executives took part in recent insider activity for the stock.
When it comes to the Analysis of a Stock, Price Target plays a vital role. According to a research note published on April 15, 2016, analysts at Piper Jaffray have lowered their rating on the company stock from Neutral to Underweight. Wells Fargo & Co makes up approx 1.36% of Trust Co’s portfolio.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. This represents a $1.52 dividend on an annualized basis and a yield of 3.11%.
A number of large investors recently modified their holdings of WFC. Now the stock has been rated as “Buy” from 16 Analysts. LC institutional ownership remained 97.60% while insider ownership included 1.90%.
The deal, expected to close by October, would add about $15 billion in assets under management to Wells Fargo’s asset- management unit, which had roughly $481 billion of assets under management as of June 30. The Wealth and Brokerage and Retirement segment provides a range of financial advisory services. Sandy Spring Bank raised its position in shares of Wells Fargo & Co.by 9.2% in the fourth quarter. Following the transaction, the President & CEO is left with a stake of 621,362 shares, now valued at $30403243.
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Wells Fargo & Company (NYSE:WFC) Asset Management (WFAM) and Analytic Investors, LLC (“Analytic”) announce today they have signed a definitive agreement for WFAM to acquire Analytic, an investment firm with $15 billion in assets under management. Year to Date, the current share price of the stock is above 4.35%. Wells Fargo & Co makes up approx 1.39% of State Of New Jersey Common Pension Fund D’s portfolio.Mcrae Capital Management Inc boosted its stake in WFC in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 176,834 shares of Wells Fargo & Co which is valued at $8,411,993. The Company’s Community Banking segment offers a range of financial products and services for consumers and small businesses including checking and savings accounts credit and debit cards and auto student and small business lending. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.
