Zacks Investment Research Lowers Wells Fargo & Company (WFC) to Hold

Jeannie Matthews
January 14, 2018

The stock has a market cap of $309,220.00, a P/E ratio of 16.21, a PEG ratio of 1.71 and a beta of 0.96. About 650,599 shares traded or 20.02% up from the average. Duke Energy Corporation (NYSE:DUK) has risen 8.31% since January 13, 2017 and is uptrending. It has underperformed by 15.21% the S&P500.

Fairfield Bush & Company decreased Wells Fargo & Co (WFC) stake by 20.05% reported in 2017Q3 SEC filing. Cortland Advisers Llc sold 33,197 shares as Prologis Inc (PLD)'s stock rose 10.06%. The Long Pond Capital Lp holds 1.40 million shares with $77.21M value, down from 1.54 million last quarter. Crestwood Advisors Llc who had been investing in Wells Fargo Co New Com for a number of months, seems to be bullish on the $308.01 billion market cap company.

Wells Fargo & Co (NYSE WFC) traded down $0.46 during midday trading on Thursday, reaching $62.55. Davis Selected Advisers now owns 25,966,811 shares of the financial services provider's stock worth $1,438,821,000 after acquiring an additional 472,585 shares during the last quarter.

Wells Fargo & Co (NYSE:WFC) last posted its quarterly earnings results on Friday, January 12th. It has underperformed by 7.03% the S&P500.

Among 26 analysts covering Prologis (NYSE:PLD), 14 have Buy rating, 1 Sell and 11 Hold.

Equities research analysts at Oppenheimer upped their FY2017 EPS estimates for shares of Wells Fargo & Co in a research report issued on Tuesday, according to Zacks Investment Research. The rating was upgraded by Barclays Capital on Tuesday, May 23 to "Overweight". The rating was maintained by SunTrust with "Hold" on Monday, October 23. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Fool.com and their article: "Better Buy: Wells Fargo & Company vs. JPMorgan Chase" published on December 19, 2017 as well as Bizjournals.com's news article titled: "Wells Fargo, Fifth Third raise minimum wage to $15/hour" with publication date: December 21, 2017. Insiders sold 184,482 shares of company stock valued at $10,471,050 in the last quarter. The stock of Wells Fargo & Company (NYSE:WFC) has "Buy" rating given on Thursday, June 22 by RBC Capital Markets. As per Tuesday, January 2, the company rating was maintained by Robert W. Baird. On Thursday, November 9 the stock rating was maintained by Cantor Fitzgerald with "Buy". The firm has "Hold" rating given on Wednesday, April 12 by Sandler O'Neill.

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Investors sentiment decreased to 1.15 in Q3 2017. Its up 0.02, from 1.05 in 2017Q2.

Several large investors have recently added to or reduced their stakes in WFC.

Hedge funds have recently made changes to their positions in the company. Temasek (Private) Ltd has invested 0.08% in Wells Fargo & Company (NYSE:WFC). The financial services provider reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.03 by $0.13. Boltwood Capital has invested 2.41% of its portfolio in Wells Fargo & Company (NYSE:WFC).

Wells Fargo & Company (NYSE:WFC) opened at 56.73 on Monday. Nikko Asset Mgmt Americas stated it has 0.06% in Wells Fargo & Company (NYSE:WFC). Kcm Advsrs Limited Liability Com has invested 2.13% in Wells Fargo & Company (NYSE:WFC). The stock of Wells Fargo & Company (NYSE:WFC) earned "Neutral" rating by Credit Suisse on Thursday, February 16. (NASDAQ:NFLX). Atria Invs Limited Liability Corporation reported 4,015 shares. Mengis Capital invested 0.82% of its portfolio in The Williams Companies, Inc. (NASDAQ:NFLX). Acadian Asset Mgmt Ltd Limited Liability Company accumulated 0% or 2 shares. Regentatlantic Cap Ltd Company reported 60,518 shares. (NYSE:PLD). First Tru Lp holds 0.05% or 301,850 shares. Compton Capital Ri invested in 1.22% or 49,207 shares. 32,174 were reported by Counselors.

Since December 13, 2017, it had 0 insider purchases, and 2 insider sales for $199,261 activity. The shares were sold at an average price of $56.90, for a total transaction of $3,983,000.00. FISCHER DAVID B. sold $806,019 worth of stock. Stelly Donald Dwayne sold $173,151 worth of LHC Group, Inc. The stock was sold at an average price of $57.80, for a total value of $1,010,459.60. Therefore 72% are positive. Netflix had 206 analyst reports since August 4, 2015 according to SRatingsIntel. As per Thursday, September 28, the company rating was maintained by KeyBanc Capital Markets. BMO Capital Markets' price objective would suggest a potential downside of 5.68% from the company's current price. The firm has "Buy" rating given on Wednesday, October 12 by Argus Research. The firm earned "Market Perform" rating on Tuesday, February 2 by Wells Fargo. Jefferies has "Hold" rating and $135 target. The firm earned "Buy" rating on Tuesday, August 25 by Vetr. Stifel Nicolaus maintained The Estée Lauder Companies Inc. BMO Capital Markets reissued a "hold" rating and issued a $59.00 price target on shares of Wells Fargo & Co in a research report on Thursday. Oppenheimer maintained it with "Outperform" rating and $80 target in Tuesday, November 7 report. World Asset Mgmt owns 404,191 shares or 0.74% of their United States portfolio.

Investors sentiment is 1 in Q3 2017. Cubist Systematic Strategies Ltd Llc invested in 0.01% or 1,931 shares. Heartland Advisors Inc. now owns 272,548 shares of the financial services provider's stock worth $15,102,000 after purchasing an additional 10,318 shares in the last quarter. Wells Fargo & Company has a 52-week low of $43.55 and a 52-week high of $58.02. (NASDAQ:LHCG). Fmr Ltd Liability Corp holds 0.01% of its portfolio in LHC Group, Inc. Clifford Swan Counsel Lc invested in 2.4% or 719,131 shares. Regents Of The University Of California stated it has 18,106 shares. Hedge funds and other institutional investors own 75.70% of the company's stock. (NYSE:APB). Royal Natl Bank Of Canada reported 0% in The Asia Pacific Fund, Inc. Amf Pensionsforsakring Ab reported 0.57% of its portfolio in Prologis, Inc. Goodwin Daniel L reported 12,276 shares. Osterweis owns 31,920 shares. Piedmont Advsr Ltd Liability Co stated it has 1.21% of its portfolio in Wells Fargo & Company (NYSE:WFC). Fruth Invest Mgmt stated it has 9,242 shares. Wedgewood Pa holds 0.23% or 4,976 shares.

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