Taking a Fresh Look at Wells Fargo & Company

Mae Love
April 27, 2018

Lafayette Investments Inc. lifted its position in shares of Wells Fargo by 1.1% during the 4th quarter. The stock decreased 0.10% or $0.09 during the last trading session, reaching $87.94. California Employees Retirement reported 12.53M shares or 1.03% of all its holdings. Anthem, Inc. (NYSE:ANTM) has risen 35.30% since April 26, 2017 and is uptrending. It has outperformed by 19.01% the S&P500.

Northern Capital Management Llc decreased its stake in Wells Fargo & Co (WFC) by 50.19% based on its latest 2017Q4 regulatory filing with the SEC. Keefe, Bruyette & Woods lowered Wells Fargo from an "outperform" rating to a "market perform" rating and set a $63.00 price objective for the company.in a report on Sunday, February 4th. The Quantitative Investment Management Llc holds 573,300 shares with $34.78M value, up from 334,900 last quarter. Looking at the stock's movement on the chart, Wells Fargo & Company recorded a 52-week high of $66.31. About 13.40 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 26, 2017 and is downtrending. WFC underperformed by 19.30% the S&P 500.

Since November 17, 2017, it had 0 insider buys, and 1 sale for $292,234 activity. The insider Codel Franklin R sold $292,234. Silvercrest Asset Mgmt Gru Ltd Llc reported 0.06% in Wells Fargo & Company (NYSE:WFC). For the past 5 years, The Company's EPS growth has been almost 1.50%. Ontario - Canada-based Sentry has invested 1.35% in Wells Fargo & Company (NYSE:WFC).

Big Money Sentiment increased to 0.75 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3.

A number of other institutional investors have also modified their holdings of WFC. Most day traders exit positions before the market closes to avoid unmanageable risks-negative price gaps between one day's close and the next day's price at the open. Eaton Vance Management holds 0.01% in MSA Safety Incorporated (NYSE:MSA) or 40,632 shares. 686,469 are owned by Schwerin Boyle Cap. Moving out to look at the previous month volatility move, the stock is at 4.50%. The institutional investor held 10,335 shares of the integrated oil company at the end of 2017Q4, valued at $1.29M, up from 5,198 at the end of the previous reported quarter. Baskin Ser Inc invested in 6,539 shares or 0.08% of the stock.

Technical Facts about Wells Fargo & Company (WFC): The Relative Strength Index value of WFC is 49.83.

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In a statement, Wells Fargo said it was "committed to thorough reviews of Wealth and Investment Management" and was "making significant progress in our work to identify and fix any issues, make things right, and build a better, stronger company". Utd Advisers Ltd Liability Com reported 328,930 shares or 0.16% of all its holdings. Instinet lowered their price target on Wells Fargo & Co from $65.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday, April 19th. Following the completion of the purchase, the director now directly owns 81 shares in the company, valued at approximately $4,534.38.

Bessemer Group Inc decreased Msa Safety Inc (MSA) stake by 26.67% reported in 2017Q4 SEC filing. Following the acquisition, the vice president now owns 39,028 shares in the company, valued at $1,030,729.48. That value represents a market adjusting for revenues that have been growing by 7.98 % on a quarterly year/year basis as of the company's last quarterly report. Roof Eidam & Maycock Adv holds 0.1% or 3,400 shares in its portfolio. It also reduced its holding in Kennedy (NYSE:KW) by 1.05 million shares in the quarter, leaving it with 124,753 shares, and cut its stake in Lennar Corp.

Wells Fargo & Company (WFC) analysts on average have given a price target of $63 on WFC stock. Therefore 48% are positive. General Electric Company had 100 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Tuesday, November 14 by BMO Capital Markets. On Thursday, February 8 Jefferies maintained Wells Fargo & Company (NYSE:WFC) with "Hold" rating. The firm has "Buy" rating given on Thursday, April 5 by UBS. As per Friday, November 10, the company rating was maintained by Robert W. Baird. Susquehanna maintained it with "Hold" rating and $5800 target in Monday, April 23 report.

Wall Street stocks finished a volatile session mostly higher Wednesday with strong earnings from Boeing offsetting worries about higher interest rates. The firm has "Buy" rating given on Thursday, June 22 by RBC Capital Markets. "Buy" rating has 11, "Sell" are 4, while 8 are "Hold".

Analyst mean recommendation rating on a stock by the analyst community is at 2.30. Therefore 44% are positive. Anthem Inc had 76 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned "Hold" rating on Monday, February 5 by Keefe Bruyette & Woods. PiperJaffray upgraded Anthem, Inc. The rating was maintained by Jefferies with "Hold" on Friday, September 15. The stock has "Hold" rating by Zelman on Monday, April 4. The rating was maintained by Barclays Capital on Monday, April 16 with "Overweight". The stock has "Equal-Weight" rating by Barclays Capital on Friday, October 13. It also provides value-added processing and fabrication services ranging from sawing, slitting, blanking, cutting to length, leveling, flame cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, and rolling shell plate to radius and beveling; and processing materials. (NASDAQ:AMGN) has "Neutral" rating given on Thursday, February 25 by Citigroup.

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