Wells Fargo & Co (WFC) EPS Estimated At $1.05

September 17, 2017 - By Dolores Ford

 Wells Fargo & Co (WFC) EPS Estimated At $1.05
Investors sentiment decreased to 0.67 in Q4 2016. Its down 0.30, from 0.97 in 2016Q3. It turned negative, as 112 investors sold Wells Fargo & Co shares while 836 reduced holdings. 149 funds opened positions while 487 raised stakes. 3.70 billion shares or 2.97% more from 3.60 billion shares in 2016Q3 were reported.
Epoch Investment Ptnrs holds 1.09% in Wells Fargo & Co (NYSE:WFC) or 5.24M shares. Alpine Prtn Vi Limited Liability Company holds 7,857 shares or 0.2% of its portfolio. Columbia Ptnrs L L C Inv Management invested in 25,171 shares or 0.12% of the stock. Solaris Asset Mngmt Limited Com reported 53,412 shares. Kames Cap Public Limited Com reported 31,632 shares. Abner Herrman Brock Limited Liability Corporation reported 320,666 shares. Patten & Patten Incorporated Tn reported 193,648 shares. Peapack Gladstone Fin reported 106,381 shares. 13.24M were reported by Prudential Public Limited. Biondo Invest Advisors Lc invested in 0.09% or 5,034 shares. Stephens Ar has 0.42% invested in Wells Fargo & Co (NYSE:WFC) for 187,231 shares. Shell Asset Management invested 1.26% in Wells Fargo & Co (NYSE:WFC). Independent Order Of Foresters has invested 0.54% in Wells Fargo & Co (NYSE:WFC). Bnp Paribas Invest Prtnrs holds 1.06M shares or 0.56% of its portfolio. Quinn Opportunity Partners Limited Liability Co reported 1.12% stake.

Since March 21, 2017, it had 1 insider purchase, and 5 sales for $389.32 million activity. $499,108 worth of Wells Fargo & Co (NYSE:WFC) was bought by SARGENT RONALD. The insider Mack Mary T sold $2.05M. BERKSHIRE HATHAWAY INC also sold $383.92 million worth of Wells Fargo & Co (NYSE:WFC) on Monday, April 10. Another trade for 27,582 shares valued at $1.47 million was made by CARROLL DAVID M on Wednesday, March 22. On Tuesday, March 21 the insider Loughlin Michael J sold $1.04M. Another trade for 24,708 shares valued at $1.34 million was made by Pelos Petros G on Monday, June 12. Another trade for 20,000 shares valued at $1.04 million was sold by Hardison Hope A..

Analysts await Wells Fargo & Co (NYSE:WFC) to report earnings on October, 13 before the open. They expect $1.05 earnings per share, up 1.94 % or $0.02 from last year’s $1.03 per share. WFC’s profit will be $5.21B for 12.30 P/E if the $1.05 EPS becomes a reality. After $1.07 actual earnings per share reported by Wells Fargo & Co for the previous quarter, Wall Street now forecasts -1.87 % negative EPS growth. The stock increased 0.72% or $0.37 on September 15, reaching $51.66. About 28.49 million shares traded or 57.40% up from the average. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since September 17, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

Wells Fargo & Co (NYSE:WFC) Ratings Coverage

Among 32 analysts covering Wells Fargo & Company (NYSE:WFC), 13 have Buy rating, 5 Sell and 14 Hold. Therefore 41% are positive. Wells Fargo & Company had 88 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Mkt Perform” rating on Monday, October 17 by Keefe Bruyette & Woods. The stock has “Outperform” rating by Evercore on Wednesday, April 12. Guggenheim maintained it with “Buy” rating and $60 target in Thursday, October 15 report. The firm has “Overweight” rating given on Monday, July 18 by Barclays Capital. Sandler O’Neill maintained Wells Fargo & Co (NYSE:WFC) rating on Wednesday, April 12. Sandler O’Neill has “Hold” rating and $59 target. Evercore upgraded the shares of WFC in report on Tuesday, September 8 to “Buy” rating. Keefe Bruyette & Woods maintained Wells Fargo & Co (NYSE:WFC) rating on Thursday, June 22. Keefe Bruyette & Woods has “Buy” rating and $6200 target. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, August 30. The stock has “Buy” rating by Sandler O’Neill on Wednesday, September 2. The stock of Wells Fargo & Co (NYSE:WFC) has “Sell” rating given on Friday, July 21 by Berenberg.

Wells Fargo & Company is a bank holding company. The company has market cap of $256.44 billion. The Firm is a diversified financial services company. It has a 12.73 P/E ratio. It has three operating divisions: Community Banking, Wholesale Banking, and Wealth and Investment Management.

More notable recent Wells Fargo & Co (NYSE:WFC) news were published by: Latimes.com which released: “Wells Fargo hit with class-action lawsuit over mortgage lock-in fees” on August 29, 2017, also Investorplace.com with their article: “Wells Fargo & Co (WFC) Stock Outlook Clouded By Smoke But No Fire” published on September 08, 2017, Seekingalpha.com published: “Wells Fargo: Oops” on September 04, 2017. More interesting news about Wells Fargo & Co (NYSE:WFC) were released by: Fool.com and their article: “Is Wells Fargo & Company a Buy?” published on September 07, 2017 as well as Businessinsider.com‘s news article titled: “WELLS FARGO: We’re seeing slower lending in autos and commercial real estate” with publication date: September 12, 2017.

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