Wells Fargo & Co (WFC) Issues Earnings Results

14 January, 2018, 20:41 | Author: Regina Silva
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The institutional investor held 159,943 shares of the apparel company at the end of 2017Q3, valued at $10.17 million, down from 164,917 at the end of the previous reported quarter. Farmers & Merchants Investments Inc who had been investing in Bemis Co Common for a number of months, seems to be less bullish one the $4.33B market cap company. The stock increased 0.64% or $1.35 during the last trading session, reaching $212.99. About 70,371 shares traded. (NASDAQ:LORL) has risen 8.44% since January 14, 2017 and is uptrending. It has underperformed by 25.83% the S&P500.

Eagle Capital Management Llc increased Wells Fargo & Co (WFC) stake by 0.74% reported in 2017Q3 SEC filing. New Jersey Better Educational Savings Trust now owns 33,000 shares of the financial services provider's stock worth $1,829,000 after acquiring an additional 3,000 shares during the last quarter. The Salient Trust Company Lta holds 27,565 shares with $1.52M value, down from 37,520 last quarter.

Wells Fargo & Co (NYSE:WFC) traded down $0.46 during trading hours on Friday, hitting $62.55. The shares were sold at an average price of $57.80, for a total value of $1,010,459.60. It has underperformed by 7.03% the S&P500.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.06, from 1.21 in 2017Q2.

A number of other large investors also recently modified their holdings of WFC. 103 funds opened positions while 495 raised stakes. Bancshares Of Nova Scotia Trust Co has invested 0.16% in Wells Fargo & Company (NYSE:WFC). Old Point Financial Svcs N A invested in 18,959 shares. Cornercap Counsel holds 0.99% in Wells Fargo & Company (NYSE:WFC) or 127,156 shares. Livingston Gru Asset Mgmt (Operating As Southport Cap Management) invested in 1.35% or 57,487 shares. Ls Advsrs Limited has 0% invested in Columbia Banking System, Inc. First Long Island Invsts Ltd owns 252,491 shares. 162,301 are owned by Addenda Capital. Fincl Bank Of New York Mellon reported 91,839 shares stake. Oak Associate Oh has 447,617 shares for 1.82% of their portfolio. BMO Capital Markets reissued a "hold" rating and set a $59.00 target price on shares of Wells Fargo & Co in a report on Thursday, January 4th. Therefore 47% are positive. Finally, Goldman Sachs Group reiterated a "buy" rating on shares of Wells Fargo & Co in a research report on Wednesday, October 11th. The rating was maintained by Raymond James with "Sell" on Tuesday, August 8. Integral Derivatives Ltd has 0.02% invested in Wells Fargo & Company (NYSE:WFC) for 22,308 shares.

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JPMorgan said Friday it earned $4.23 billion in the fourth quarter, or $1.07 a share, down from $6.73 billion, or $1.71 a share, in the same period a year earlier. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company. The stock has "Buy" rating by Deutsche Bank on Tuesday, September 8.

Investors sentiment decreased to 1.35 in 2017 Q3. Its up 0.15, from 0.93 in 2017Q2. It dived, as 27 investors sold CPRT shares while 108 reduced holdings. 53 funds opened positions while 131 raised stakes. Gotham Asset Mngmt Limited Liability Company holds 0.11% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 137,384 shares. Lombard Odier Asset Mngmt (Europe) Ltd stated it has 0.02% of its portfolio in V.F. Corporation (NYSE:VFC). Moreover, Gw Henssler & has 0.95% invested in V.F. Corporation (NYSE:VFC). (NYSE:JEC). Wedge Cap Management L Limited Partnership Nc has 0.19% invested in Jacobs Engineering Group Inc. $18.32 million worth of V.F. Corporation (NYSE:VFC) shares were sold by WISEMAN ERIC C. 18,952 shares valued at $1.34 million were sold by Roe Scott A. on Thursday, October 26. Ubs Oconnor Ltd Llc reported 177,800 shares stake. Institutional investors own 75.70% of the company's stock. (NYSE:BMS) for 62 shares. Willingdon Wealth Management accumulated 0.12% or 6,057 shares. Lehman reported 5,600 shares or 0.16% of all its holdings. Highland Capital Mngmt LP invested 4.5% in Loral Space & Communications Inc.

Van Den Berg Management I Inc, which manages about $2.04 billion and $888.49M US Long portfolio, decreased its stake in Occidental Pete Corp Del (NYSE:OXY) by 8,775 shares to 373,667 shares, valued at $23.99 million in 2017Q3, according to the filing. Metropolitan Life has invested 0.04% in Copart, Inc. The firm's revenue was up 2.2% on a year-over-year basis. research analysts expect that Wells Fargo & Co will post 3.98 earnings per share for the current fiscal year. (NASDAQ:COLB), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. WFC was included in 115 notes of analysts from July 29, 2015. The company was maintained on Friday, July 14 by Oppenheimer. The rating was downgraded by Standpoint Research on Wednesday, April 19 to "Reduce".

Total shares held by institutions as of the most recent company filings are 3,976,391,426 with a reported 181,858,926 bought and 136,531,676 sold. The rating was maintained by Jefferies on Tuesday, June 6 with "Hold". The rating was maintained by Macquarie Research on Friday, September 25 with "Underperform". The stock has "Neutral" rating by Sterne Agee CRT on Tuesday, May 31. Barclays Capital maintained the stock with "Overweight" rating in Thursday, July 14 report. (NYSE:JEC) earned "Accumulate" rating by Johnson Rice on Monday, May 9. The firm earned "Sell" rating on Thursday, March 24 by UBS. The rating was downgraded by FBR Capital to "Mkt Perform" on Wednesday, October 19. While it gained from the tax changes, that was offset by $3.25 billion in new litigation charges. It also increased its holding in Starbucks Corp (NASDAQ:SBUX) by 9,953 shares in the quarter, for a total of 140,898 shares, and has risen its stake in Lowe's Companies Inc (NYSE:LOW). (NASDAQ:CPRT) to report earnings on February, 20. SONA's profit would be $5.74M giving it 17.43 P/E if the $0.24 EPS is correct. After $0.33 actual earnings per share reported by Copart, Inc. for the previous quarter, Wall Street now forecasts 12.12% EPS growth.

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