Big Money in Wells Fargo & Company (NYSE:WFC), Sentiment at 0.75

May 16, 2018 - By Susanne Funderburg

Wells Fargo & Company (NYSE:WFC) Corporate Logo

Wells Fargo & Company’s Sentiment

In Q4 2017 Wells Fargo & Company (NYSE:WFC) big money sentiment increased to 0.75, revealed SEC filings. That’s up 0.02, from 2017Q3’s 0.73. 604 funds started new or increased stock positions, while 809 sold and decreased their stakes in Wells Fargo & Company so the sentiment increased. These funds own 3.64 billion shares, that’s down from 3.65 billion shares in 2017Q3. Funds holding Wells Fargo & Company in top 10 increased from 161 to 167 for an increase of 6. In total 63 funds closed positions, 746 reduced and 466 increased. Also 138 funds bought new Wells Fargo & Company stakes.

Largest Wells Fargo & Company Investors

As of Q4 2017 Daily Journal Corp has 55.91% invested in Wells Fargo & Company. As of Q4 2017, 1.75 million shares of Wells Fargo & Company are owned by American Assets Inc. Also, Theleme Partners Llp reported 7.53 million shares in Wells Fargo & Company equivalent to 21.4% of its US long equity exposure. The Delaware-based fund Brandywine Trust Co have invested about 15.49% of the investment manager’s stock portfolio in Wells Fargo & Company. The Kansas-based fund Vantage Investment Partners Llc holds 266,716 shares or 14.71% of their US long equity exposure.

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions.The company has $269.03 billion market cap. 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.The P/E ratio is 13.18. 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.

WFC is hitting $55.21 during the last trading session, after increased 0.84%.Wells Fargo & Company has volume of 8.26M shares. Since May 16, 2017 WFC has declined 7.75% and is downtrending. WFC underperformed the S&P500 by 19.30%.

On July, 13 is anticipated Wells Fargo & Company (NYSE:WFC)’s earnings report, RTT reports. This year’s EPS analyst estimate is anticipated to be $1.12. That is 4.67 % up compareed to $1.07 EPS for last year. This could be $5.46B profit for WFC assuming the current $1.12 EPS will become reality. After $1.12 EPS report last quarter, Wall Street now sees 0.00 % EPS growth of Wells Fargo & Company.

Moreno Evelyn V stated it has 124,625 shs. Hills Natl Bank Tru Commerce stated it has 1.6% of its capital in Wells Fargo & Company (NYSE:WFC). Bb&T stated it has 374,522 shs. Clearbridge Ltd Liability Company accumulated 2.16 million shs. Schaller Inv Grp Incorporated holds 2.95% or 97,840 shs. Two Sigma Lc invested in 66,651 shs. Monarch holds 1.16% in Wells Fargo & Company (NYSE:WFC) or 51,205 shs. Caxton Associate Ltd Partnership invested 1.12% of its capital in Wells Fargo & Company (NYSE:WFC). New York-based Joel Isaacson Ltd Liability Com has invested 0.25% in Wells Fargo & Company (NYSE:WFC). 35,905 were reported by Fulton Retail Bank Na. First City Cap Mgmt reported 16,780 shs. 1St Source Commercial Bank reported 0.41% in Wells Fargo & Company (NYSE:WFC). Moreover, Frontier has 2.65% invested in Wells Fargo & Company (NYSE:WFC) for 523,311 shs. Hanson Mcclain has 0.16% invested in Wells Fargo & Company (NYSE:WFC). Basswood Capital Management Limited holds 3.73% or 1.33M shs in its capital.

Wells Fargo & Company (NYSE:WFC) Ratings Coverage

In total 24 analysts cover Wells Fargo (NYSE:WFC). “Buy” rating has 13, “Sell” are 4, while 7 are “Hold”. (NYSE:WFC) has 54% bullish analysts. 46 are the (NYSE:WFC)’s ratings reports on 16 May 2018 according to StockzIntelligence Inc. In Friday, April 13 report Sandler O’Neill maintained it with “Buy” rating and $6400 target. On Sunday, February 4 Susquehanna maintained the shares of WFC in report with “Hold” rating. On Monday, February 5 the stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given by Bank of America. On Thursday, December 21 the rating was upgraded by Buckingham Research to “Buy”. On Friday, April 6 the rating was upgraded by Vining Sparks to “Buy”. On Monday, February 5 the rating was downgraded by Citigroup to “Hold”. On Monday, February 5 the firm earned “Market Perform” rating by Wood. On Monday, February 5 the stock has “Hold” rating by Keefe Bruyette & Woods. In Sunday, April 15 report Jefferies maintained the stock with “Hold” rating. On Thursday, February 8 the stock of Wells Fargo & Company (NYSE:WFC) earned “Hold” rating by Jefferies.

For more Wells Fargo & Company (NYSE:WFC) news released recently go to: Bizjournals.com, 247Wallst.com, Seekingalpha.com, Bizjournals.com or 247Wallst.com. The titles are as follows: “Wells Fargo launches program to boost NM homeownership” released on May 16, 2018, “6 Most Important Things in Business Today” on April 27, 2018, “The Pips Are Squeaking” with a publish date: May 16, 2018, “Wells Fargo taps JPMorgan Chase exec as chief risk officer” and the last “Wells Fargo Settles Federal Claims for $1 Billion” with publication date: April 20, 2018.

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

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