Wells Fargo & Company’s (WFC) debt to equity ratio was 1.38. Following the acquisition, the director now owns 2,150 shares of the company’s stock, valued at $107,435.50. Pictet Asset Management Ltd. now owns 2,559,935 shares of the financial services provider’s stock valued at $120,112,000 after buying an additional 31,900 shares during the last quarter.
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03/24/2016 – UBS began new coverage on Wells Fargo & Company giving the company a “sell” rating. Financial Advisory Group raised its stake in shares of Wells Fargo & Co.by 0.5% in the first quarter. The shares have been rated “Buy” by the firm. Finally, Pacific Global Investment Management CO raised its stake in shares of Wells Fargo & Co.by 39.1% in the first quarter. Bath Savings Trust Co now owns 5,658 shares of the financial services provider’s stock worth $274,000 after buying an additional 193 shares in the last quarter. That gives Wells Fargo a mega market cap, because it’s over 200 billion.
Wells Fargo & Company (NYSE:WFC) accumulated +0.04%, closing at $48.32 after floating between $48.10 and $48.36. The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc.in December 2013. (AAL) climbed 4% during last trading as the stock added $1.4 to finish the day at $36.36 with about 14.7M shares changing hands, compared to its three month average trading volume of 12.03M. California State Teachers Retirement System who had been investing in Wells Fargo + Co for a number of months, seems to be bullish on the $243.76 billion market cap company.
Wells Fargo & Company (WFC): The consensus price target for Wells Fargo & Company (WFC) is $54.83 for the short term with a standard deviation of $5.97. (NYSE:WFC) last issued its quarterly earnings results on Friday, July 15th.
The institutional sentiment increased to 1.32 in 2016 Q1. Analysts had an estimated revenue of $22.21B. Wells Fargo originated mortgages worth $63 billion in Q2 2016 – much better than the $44 billion figure for the previous quarter and even edging past the $62 billion figure for Q2 2015. There are 11 equity research firms suggesting a Hold and 0 consider it Sell. Analysts anticipate that Wells Fargo & Co. will post $4.03 earnings per share for the current year. Zacks Investment Research lowered shares of Wells Fargo & Co. from a “hold” rating to a “sell” rating in a research report on Thursday, April 7th. Once the Fed resumes its rate hike process, the massive loan base will help Wells Fargo post sizable improvements in its NIM figures – boosting interest incomes.
04/19/2016 – Wells Fargo & Company had its “buy” rating reiterated by analysts at Goldman Sachs.
Berenberg issued their verdict on Wells Fargo & Co (NYSE:WFC) recently. Analyst expected twelve month price target of $53.00.
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07/18/2016 – Wells Fargo & Company had its “underperform” rating reiterated by analysts at BMO Capital Markets. The shares were sold at an average price of $50.77, for a total value of $2,792,350.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James H. Quigley bought 2,000 shares of the stock in a transaction dated Tuesday, May 3rd. A total of 085 shares were purchased at a price of $49.5 per share. The disclosure for this purchase can be found here. The companys Wealth, Brokerage and Retirement segment offers financial advisory, wealth management, brokerage, retirement, trust, and reinsurance services. Its Community Banking segment offers 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.
