TOday’s Movers: Wells Fargo (NYSE:WFC) Stock Rating Reaffirmed by Susquehanna; $58.0000 Target Price Indicates 10.22 % Potential

April 24, 2018 - By Ellis Scott

Wells Fargo & Company (NYSE:WFC) Logo

Investors sentiment increased to 0.75 in Q4 2017. Its up 0.02, from 0.73 in 2017Q3. It is positive, as 63 investors sold Wells Fargo & Company shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported.

Cobblestone Cap Advisors Ltd Liability Corp Ny invested 0.12% in Wells Fargo & Company (NYSE:WFC). Fragasso Inc reported 25,041 shares stake. Shamrock Asset Mngmt Limited Company has 10,181 shares for 0.37% of their portfolio. Riverpoint Capital Limited Co stated it has 47,774 shares. Research And Com stated it has 8,250 shares or 0.15% of all its holdings. First Interstate Bankshares holds 1.97% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 153,374 shares. Hodges Capital Mngmt has 45,691 shares for 0.2% of their portfolio. Washington Bancorporation invested 0.76% in Wells Fargo & Company (NYSE:WFC). Jefferies Group Limited Liability Corporation owns 76,100 shares for 0.02% of their portfolio. Paradigm Asset Communication Lc reported 0.01% in Wells Fargo & Company (NYSE:WFC). Bancorp Of Nova Scotia holds 0.25% in Wells Fargo & Company (NYSE:WFC) or 890,088 shares. Gabelli Commerce Inv Advisers stated it has 0.66% in Wells Fargo & Company (NYSE:WFC). Diamond Hill Mgmt reported 354,459 shares stake. National Asset Management holds 0.42% or 51,557 shares. United Kingdom-based Barclays Public Limited Company has invested 0.27% in Wells Fargo & Company (NYSE:WFC).

Since November 17, 2017, it had 0 buys, and 1 insider sale for $292,234 activity.

Wells Fargo (NYSE:WFC) Rating Reaffirmed

Wells Fargo (NYSE:WFC) just had their share rating of a ‘”Hold”‘ issued by research analysts at Susquehanna, who now has a $58.0000 target price per share on the $256.46B market cap company or a 10.22 % upside potential. This key information was disclosed in a research report on Monday morning.

Investors sentiment increased to 0.75 in Q4 2017. Its up 0.02, from 0.73 in 2017Q3. It is positive, as 63 investors sold Wells Fargo & Company shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported.

Cobblestone Cap Advisors Ltd Liability Corp Ny invested 0.12% in Wells Fargo & Company (NYSE:WFC). Fragasso Inc reported 25,041 shares stake. Shamrock Asset Mngmt Limited Company has 10,181 shares for 0.37% of their portfolio. Riverpoint Capital Limited Co stated it has 47,774 shares. Research And Com stated it has 8,250 shares or 0.15% of all its holdings. First Interstate Bankshares holds 1.97% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 153,374 shares. Hodges Capital Mngmt has 45,691 shares for 0.2% of their portfolio. Washington Bancorporation invested 0.76% in Wells Fargo & Company (NYSE:WFC). Jefferies Group Limited Liability Corporation owns 76,100 shares for 0.02% of their portfolio. Paradigm Asset Communication Lc reported 0.01% in Wells Fargo & Company (NYSE:WFC). Bancorp Of Nova Scotia holds 0.25% in Wells Fargo & Company (NYSE:WFC) or 890,088 shares. Gabelli Commerce Inv Advisers stated it has 0.66% in Wells Fargo & Company (NYSE:WFC). Diamond Hill Mgmt reported 354,459 shares stake. National Asset Management holds 0.42% or 51,557 shares. United Kingdom-based Barclays Public Limited Company has invested 0.27% in Wells Fargo & Company (NYSE:WFC).

Since November 17, 2017, it had 0 buys, and 1 insider sale for $292,234 activity.

Wells Fargo & Company (NYSE:WFC) Ratings Coverage

Among 23 analysts covering Wells Fargo (NYSE:WFC), 11 have Buy rating, 4 Sell and 8 Hold. Therefore 48% are positive. Wells Fargo has $76 highest and $5400 lowest target. $62.82’s average target is 19.39% above currents $52.619 stock price. Wells Fargo had 44 analyst reports since November 10, 2017 according to SRatingsIntel. RBC Capital Markets downgraded the stock to “Sell” rating in Monday, February 5 report. The firm has “Hold” rating given on Sunday, February 4 by Susquehanna. Susquehanna maintained it with “Hold” rating and $5400 target in Friday, April 13 report. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Sandler O’Neill on Tuesday, January 9. The rating was maintained by RBC Capital Markets with “Buy” on Monday, November 13. As per Wednesday, January 10, the company rating was upgraded by Atlantic Securities. The firm has “Buy” rating given on Friday, April 6 by Vining Sparks. Citigroup downgraded Wells Fargo & Company (NYSE:WFC) rating on Monday, February 5. Citigroup has “Hold” rating and $65.0 target. The stock has “Buy” rating by Robert W. Baird on Tuesday, January 2. Sandler O’Neill maintained Wells Fargo & Company (NYSE:WFC) rating on Friday, April 13. Sandler O’Neill has “Buy” rating and $6400 target.

The stock increased 0.02% or $0.009 during the last trading session, reaching $52.619. About 12.84M shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 24, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.17 earnings per share, up 9.35 % or $0.10 from last year’s $1.07 per share. WFC’s profit will be $5.70B for 11.24 P/E if the $1.17 EPS becomes a reality. After $1.12 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 4.46 % EPS growth.

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company has market cap of $256.46 billion. The Company’s Community Banking segment offers checking, savings, market rate, and individual retirement accounts, as well as time deposits and remittances; and lines of credit, automobile floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards. It has a 12.56 P/E ratio. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, merchant payment processing, and private label financing solutions, as well as purchases retail installment contracts.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.