Wells Fargo & Company (WFC) has made its way to a 12-month gain of 2.68%. The institutional investor held 278,211 shares of the restaurants company at the end of 2017Q4, valued at $47.89M, down from 283,989 at the end of the previous reported quarter.
The company announced Pay with Wells Fargo, which will bring to the app's home screen an option for customers to conveniently select their most commonly used payment features like Zelle®2, mobile wallets, Card-Free ATM Access Code and transfers, even before signing into the app. Its opening price on the last trading day was $54.48. The target implies a 111.48% spike from where the shares are now trading. Pennsylvania-based Godshalk Welsh Capital Incorporated has invested 0.51% in Wells Fargo & Company (NYSE:WFC). WFC underperformed by 19.30% the S&P 500.
Wells Fargo & Company (NYSE:WFC) seems to be forming a pattern of major movements, providing only some crumbs of outlook for market participants trying to figure out its next move. Therefore 44% are positive. Morgan Stanley reduced their price target on shares of Wells Fargo from $64.00 to $60.00 and set an "underweight" rating for the company in a research report on Monday, April 16th. The firm earned "Buy" rating on Monday, February 5 by Robert W. Baird. The rating was upgraded by Susquehanna to "Positive" on Wednesday, January 20. The stock now has a consensus rating of "Hold" and an average target price of $61.80. Wells Fargo now has a consensus rating of "Hold" and a consensus target price of $61.83. 823,277 shares were bought by Edgepoint Investment Group Inc as the company's stock declined 16.98% with the market.
Want to see what other hedge funds are holding WFC? The stock rating was maintained by Keefe Bruyette & Woods with "Hold" on Wednesday, April 4. BNP Paribas Arbitrage SA boosted its position in Wells Fargo by 139.6% during the first quarter. The titles are as follows: "Wells Fargo's Tim Sloan Remains One of America's Worst CEOs" posted on May 05, 2018, "Tracking David Abrams' Abrams Capital Management Portfolio - Q1 2018 Update" on May 15, 2018, "Wells Fargo: Where Is The Upside?" with a publish date: May 03, 2018, "6 Most Important Things in Business Today" and the last "Wells Fargo: Buying Opportunity?" with publication date: April 25, 2018.
Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold.
Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 earnings per share, up 4.67% or $0.05 from last year's $1.07 per share. WFC's profit will be $5.46 billion for 12.21 P/E if the $1.12 EPS becomes a reality. Teachers Advisors LLC owned approximately 0.18% of Wells Fargo worth $541,772,000 as of its most recent SEC filing.
During 2017 Q4 the big money sentiment increased to 0.75. Its up 0.02, from 0.73 in 2017Q3. 63 investors sold all, 746 reduced holdings as WFC ratio increased. Perigon Wealth Ltd Liability Com reported 31,073 shs. Theleme Partners Llp reported 7.53 million shares. Westpac Bk Corp stated it has 519,261 shares. Ferguson Wellman Cap Mgmt invested in 1.66% or 794,835 shares. Funds own 3.64 billion shares, down from 3.65 billion shares in 2017Q3. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. Glob X Management Limited Liability Company owns 0.04% invested in Wells Fargo & Company (NYSE:WFC) for 29,711 shs. First Citizens Bankshares Company has invested 0.77% in Wells Fargo & Company (NYSE:WFC). Nbt Retail Bank N A NY stated it has 1.34% in Wells Fargo & Company (NYSE:WFC).
Wells Fargo announced that its board has authorized a share repurchase program on Tuesday, January 23rd that authorizes the company to buyback 350,000,000 outstanding shares. Jump Trading Limited Liability Corp accumulated 5,281 shares. Laffer Invests has 0.09% invested in Wells Fargo & Company (NYSE:WFC) for 6,233 shares. Wall Street is only getting more bullish on the stock, with 15 of analysts who cover WFC having a buy-equivalent rating. Philippine Long Distance Telephone had 8 analyst reports since August 5, 2015 according to SRatingsIntel. The mean rating score for this stock is at 2.00. The firm has "Underperform" rating given on Thursday, May 11 by Credit Suisse. The rating was downgraded by HSBC to "Reduce" on Friday, May 11. Goldman Sachs upgraded McDonald's Corporation (NYSE:MCD) on Monday, May 7 to "Buy" rating. The stock has "Outperform" rating by CLSA on Monday, November 13. The firm has "Buy" rating given on Tuesday, January 30 by BTIG Research.