Comparable Company Analysis: Wells Fargo & Company (WFC), Lincoln National Corporation (LNC)

Jeannie Matthews
January 12, 2018

Bp Public Limited reported 1.02% stake. In the last three months, insiders have sold 184,482 shares of company stock worth $10,471,050. The stock decreased 1.30% or $1.99 during the last trading session, reaching $151.61. About 33,227 shares traded. Sanford C. Bernstein upgraded Wells Fargo & Co from a "market perform" rating to an "outperform" rating and increased their target price for the company from $64.00 to $69.00 in a research report on Wednesday, January 3rd. It has outperformed by 114.30% the S&P500.

Investors sentiment decreased to 0.83 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2.

"While we faced challenges in 2017, we are a much better company today than we were a year ago, and I am confident that this year Wells Fargo will be even better". 96 funds opened positions while 292 raised stakes. Arlington Value reported 224,504 shares. Blue Edge Capital Ltd Liability Corporation holds 0.61% or 24,413 shares in its portfolio. Nelson Roberts Inv Limited Liability Corp reported 0.06% stake. The fund owned 9,500 shares of the financial services provider's stock after selling 3,500 shares during the quarter. Private Asset Mngmt holds 1.51% or 9,363 shares in its portfolio. United Automobile Association invested 0.24% of its portfolio in Biogen Inc. Riverpark Advisors Ltd Liability Company has 27,884 shares. Shelton Cap holds 0.71% of its portfolio in Bank of America Corporation (NYSE:BAC) for 361,978 shares. Morgan Stanley owns 16,244 shares or 0% of their U.S. portfolio. Mutual Of Omaha State Bank Wealth holds 0.08% or 3,845 shares. Envestnet Asset Mngmt has invested 0% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Agf Invs has 0.65% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Richard C Young And Company Ltd accumulated 2.6% or 103,881 shares. Papp L Roy And Associates invested in 0.46% or 14,350 shares. Therefore 76% are positive. During the last 52 weeks, the price has been as high as $82.23 and as low as $61.45. $58.25's average target is -7.55% below currents $63.01 stock price. Cognex Corporation had 35 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has "Buy" rating by Canaccord Genuity given on Wednesday, September 20. Capital World Investors now owns 111,753,448 shares of the financial services provider's stock valued at $6,192,259,000 after purchasing an additional 10,927,679 shares during the period.

Receive Wells Fargo & Company News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Company with MarketBeat.com's FREE daily email newsletter. The rating was maintained by Sandler O'Neill on Wednesday, April 12 with "Hold". Citigroup maintained the shares of BAC in report on Monday, October 9 with "Neutral" rating. The firm has "Hold" rating by Jefferies given on Friday, September 15. This represents a $1.52 dividend on an annualized basis and a yield of 2.71%. The insider WARNOCK JOHN E sold $1.18 million. Out of 36 Wall Street analysts rating Wells Fargo & Company, 17 give it "Buy", 5 "Sell" rating, while 14 recommend "Hold". Therefore 47% are positive. The firm has "Hold" rating by Piper Jaffray given on Friday, October 13. On Thursday, September 15 the stock rating was maintained by UBS with "Sell". The rating was maintained by Compass Point on Tuesday, January 19 with "Neutral". Rafferty downgraded it to "Sell" rating and $54.50 target in Wednesday, April 12 report. The company was upgraded on Monday, January 11 by Goldman Sachs. On Thursday, September 28 the stock rating was maintained by Nomura with "Buy".

Investors of record on Friday, February 3rd will be paid a $0.38 dividend. Capital Research Global Investors increased its holdings in shares of Wells Fargo & Co by 19.7% in the second quarter.

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A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. 156,080 were reported by Sg Americas Securities Limited Com. Yorktown And Rech Inc invested 0.53% in Wells Fargo & Company (NYSE:WFC). The active investment managers in our partner's database now have: 3.65 billion shares, down from 3.66 billion shares in 2017Q2.

Shares of Wells Fargo & Co (WFC) traded down $0.36 during trading on Thursday, hitting $62.76. The shares of Gentex Corporation (NASDAQ:GNTX), has jumped by 8.16% year to date as of 01/11/2018. Lincluden Mgmt Limited holds 219,105 shares or 0.94% of its portfolio. Voloridge Invest Management Lc, Florida-based fund reported 78,218 shares. There has been an observed change of 0.00% in the ownership of the shares in the past six months. Rockland Trust Co. lifted its holdings in Wells Fargo & Co by 0.6% in the 2nd quarter. Keystone Financial Planning Inc. now owns 6,755 shares of the financial services provider's stock valued at $376,000 after acquiring an additional 39 shares in the last quarter.

The biggest institutional shareholders in Wells Fargo & Company include Berkshire Hathaway Inc which owns 464 million shares in the company valued at $25.60 B million.

Wells Fargo & Co (NYSE:WFC) last posted its quarterly earnings data on Friday, October 13th.

Net interest income for the quarter declined 1 percent from last year to $12.31 billion, while net interest margin edged down to 2.84 percent from 2.87 percent last year. CBZ's profit will be $541,050 for 413.75 P/E if the $0.01 EPS becomes a reality. During the same period last year, the business earned $1.03 EPS. research analysts expect that Wells Fargo & Co will post 3.98 earnings per share for the current year.

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