For the current week, the company shares have a recommendation consensus of Buy. Russell Frank Co sold 1.73M shares as the company’s stock declined 8.60% while stock markets rallied. The disclosure for this sale can be found here. 100 funds bought stakes while 797 increased positions. Numeric Investors LLC now owns 499,700 shares of the financial services provider’s stock worth $27,164,000 after buying an additional 256,300 shares in the last quarter.
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Wells Fargo Advisors chief Mary Mack is moving to the firm’s community-banking division, and the wirehouse is now seeking a new leader, the Wall Street Journal reports.
Mack is replacing Carrie Tolstedt as head of Community Banking at Wells Fargo. They now own 3.75 billion shares or 1.46% less from 3.81 billion shares in 2015Q4. A look on the firm performance, its monthly performance is -3.13% and a quarterly performance of -0.11%.
WFC has been the topic of a number of other reports.
Wells Fargo & Company (WFC): The most positive equity analysts on Wells Fargo & Company (WFC) expects the shares to touch $64, whereas, the least positive believes that the stock will trade at $45 in the short term. Overweight rating was given by 2 analysts and Underweight rating was given by 0 analysts. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Wells Fargo & Co.in a research report on Thursday, May 26th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock.
Fellow drug stock Kite Pharma received a bump in price target at Stifel Nicolaus to 74 from 63. WFC Sr. Executive Vice President Modjtabai Avid also sold 55,000 shares, at a stock price of $50.77. BERKSHIRE HATHAWAY INC is one of the largest insider shareholders in Wells Fargo & Co (NYSE:WFC), according to U.S. Securities and Exchange Commission (SEC) filings. The company has a market cap of $246.96 billion.
Wells Fargo & Company has 50 day moving average of $48.19 and its 200 day moving average of $48.95.
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A Director at Wells Fargo & Company (WFC) purchased shares in the company in a transaction completed on Tuesday May 03, 2016. Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, worldwide trade facilities, trade financing, collection, foreign exchange, treasury administration, investment administration, institutional fixed-income sales, interest rate, commodity and equity risk administration, insurance, corporate trust fiduciary and agency, and investment banking services, in addition to online/electronic products. Wealth and Investment Management, which includes Wells Fargo Advisors, generated about $3.9 billion of revenue.
