Alley Co LLC Has $6.24 Million Stake in Wells Fargo (NYSE:WFC)

Adjust Comment Print

The stock increased 0.18% or $0.09 during the last trading session, reaching $50.89. Overall, 31.33 Million shares exchanged hands versus its average volume of $18.26 Million. WFC is downtrending and has moved 7.75% since April 17, 2017. WFC underperformed by 19.30% the S&P500. One of the most popular ratios is the "Return on Assets" (aka ROA). The financial services provider reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.00 by $0.04.

50-SMA Movement: The 50-day moving average is a common technical indicator which investors use to evaluate price trends of Wells Fargo & Company. WFC stock price revealed pessimistic move of -9.29% comparing average price of last 200 days. About 11.31M shares traded. It has outperformed by 37.70% the S&P500. Therefore 41% are positive.

According to 2017Q4 SEC form the David Simon decreased its stake in Wells Fargo & Co New (WFC) by 23.4%. Buckingham Research reduced their target price on Wells Fargo from $75.00 to $70.00 and set a "buy" rating for the company in a report on Monday. Piper Jaffray has a "Hold" rating and a $58.00 price target on the stock. The stock of Wells Fargo & Company (NYSE:WFC) earned "Buy" rating by Evercore on Tuesday, September 8. Vetr upgraded Wells Fargo from a hold rating to a buy rating and set a $54.10 price target on the stock in a research report on Wednesday, April 11th. The firm has "Buy" rating given on Friday, January 12 by RBC Capital Markets. CLSA upgraded the shares of JPM in report on Tuesday, August 25 to "Outperform" rating.

In total 22 analysts cover Wells Fargo (NYSE:WFC).

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

Investors sentiment increased to 0.75 in 2017 Q4. Shortening the period, the five-month price index is 1.07, the three-month price index is 0.85, while the one month price change is now 0.99. It is positive, as 63 investors sold WFC shares while 746 reduced holdings. On Thursday, January 4 Susquehanna maintained Wells Fargo & Company (NYSE:WFC) with "Hold" rating. Dorsey & Whitney Trust Ltd Liability Company, South Dakota-based fund reported 126,917 shs.

Looking at some ROIC (Return on Invested Capital) numbers, Wells Fargo & Company (NYSE:WFC)'s ROIC is 0.023223.

Notable Indicators to Watch: Traders seeking a better understanding of the stock can look at the underlying technical data.

US Toyota, Lexus models will have DSRC connectivity from 2021
This technology provides drivers with useful and detailed surrounding vehicle and traffic signal information. Toyota's logo is pictured at the 45th Tokyo Motor Show in Tokyo, Japan October 27, 2017.

Wells Fargo & Company (WFC) stock has been separated -9.29% away from the 200-day MA. 127,068 are owned by Meyer Handelman. Another trade for 17,057 shares valued at $1.91 million was made by Scher Peter on Saturday, January 13. Ballentine Ltd Llc has invested 0.08% of its portfolio in Wells Fargo & Company (NYSE:WFC). Capital Guardian Com has invested 0.63% of its portfolio in Wells Fargo & Company (NYSE:WFC). 14,843 were reported by Jnba Fincl. (NYSE:JPM). Karpus Management invested 0.01% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Bellecapital Ltd reported 6,260 shares stake. First Fin Bankshares owns 0.05% invested in Marathon Petroleum Corporation (NYSE:MPC) for 4,847 shares.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Decker Edward P. had sold 17,660 shares worth $3.31M. About 774,588 shares traded. (NYSE:HD) shares with value of $20.89M were sold by Menear Craig A. Carey Matt sold $7.58 million worth of stock or 41,396 shares. Giles Nicole sold $425,399 worth of stock.

Among 22 analysts covering CIGNA (NYSE:CI), 18 have Buy rating, 0 Sell and 4 Hold. Wells Fargo & Company had 145 analyst reports since July 29, 2015 according to SRatingsIntel. Market cap also can tell you how liquid the stock may be, but that is not always the cast. As per Monday, April 16, the company rating was maintained by Barclays Capital. It measures how much out of every dollar of sales a company actually keeps in earnings. The firm has "Buy" rating given on Thursday, July 27 by RBC Capital Markets.

Davenport & Company Llc, which manages about $7.13B and $8333.37B US Long portfolio, decreased its stake in Dnow (NYSE:DNOW) by 1,150 shares to 11,237 shares, valued at $123.94M in 2017Q4, according to the filing.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.05, from 0.96 in 2017Q3. Thompson invested in 4,800 shares. 118 funds opened positions while 222 raised stakes. Cedar Hill Associates Limited Liability Com reported 8,186 shares stake. Bridgeway Capital holds 270,930 shares or 0.18% of its portfolio. 186,883 were accumulated by Greystone Managed Invs Inc. 466,582 are owned by Thrivent Financial For Lutherans.

Separately, Ladenburg Thalmann Financial Services Inc. increased its position in Pioneer Municipal High by 21.2% in the 3rd quarter. Community Bancshares Na owns 0.02% invested in Cigna Corporation (NYSE:CI) for 918 shares. Nbt State Bank N A NY owns 151,258 shares for 2.55% of their portfolio. Ackerman Capital Advisors LLC acquired a new position in shares of Wells Fargo during the fourth quarter valued at about $202,000. Doheny Asset Ca reported 1.89% stake. Brown Brothers Harriman And holds 0% or 150 shares in its portfolio. Bridges Investment has 215,921 shares.

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