Wells Fargo & Co (WFC) Analysts See $1.05 EPS

Wells Fargo & Company is a bank holding company. The stock increased 1.33% or $1.21 during the last trading session, reaching $92.38. Vertical Group began coverage on Wells Fargo & in a report on Friday, October 6th. It has underperformed by 32.78% the S&P500.

Hyman Charles D decreased Wells Fargo Co New (WFC) stake by 3.71% reported in 2017Q2 SEC filing. Raymond James & Associate invested in 0.43% or 3.56 million shares.

It closed at $52.85 lastly. About shares traded. Howard Bancorp Inc (NASDAQ:HBMD) has risen 58.60% since October 12, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

Investors sentiment increased to 0.88 in Q2 2017. Its up 0.12, from 0.76 in 2017Q1. 110 funds opened positions while 566 raised stakes. Genesee Valley reported 0.69% of its portfolio in Wells Fargo & Co (NYSE:WFC). Vestor Cap Limited Liability Com holds 2.31% or 171,688 shares. Burney holds 16,617 shares. Partnervest Advisory Svcs Limited Liability Corporation owns 18,294 shares or 0.46% of their U.S. portfolio. Moreover, Fulton Breakefield Broenniman Ltd Liability Com has 2.11% invested in Wells Fargo & Co (NYSE:WFC). Insider ownership decreased by a total of 28695 shares, which suggests that WFC's key executives are feeling less optimistic about the outlook for the stock. Sheets Smith Wealth Management holds 31,219 shares or 0.46% of its portfolio. Kidder Stephen W holds 10,050 shares or 0.21% of its portfolio. As of the latest earnings report the EPS was $4.06 and is estimated to be $4.14 for the current year with 4,963,944,000 shares now outstanding. Longview Ptnrs (Guernsey) Ltd, a Guernsey-based fund reported 12.54 million shares.

Since May 5, 2017, it had 1 buying transaction, and 3 insider sales for $3.93 million activity. On Thursday, June 8 Mack Mary T sold $2.05 million worth of Wells Fargo & Co (NYSE:WFC) or 38,988 shares. 24,708 shares were sold by Pelos Petros G, worth $1.34 million on Monday, June 12. SARGENT RONALD bought $499,108 worth of stock. Wells Fargo & Company recently announced a dividend that was paid on Friday the 1st of September 2017. New York-based Teachers Insurance Annuity Association Of America has invested 0.55% in Wells Fargo & Co (NYSE:WFC). Jefferies Group analyst K. Usdin now anticipates that the financial services provider will earn $1.05 per share for the quarter, up from their previous estimate of $1.03.

The P/E ratio is now 13.70 and the market cap is 276.04B. After having $1.07 EPS previously, Wells Fargo & Co's analysts see -1.87% EPS growth. Among active positions in the latest quarter, 846 holders increased their positions by a total of 150.89 million shares, 952 holders decreased the positions by a total of 208.66 million shares, and 207 holders held their positions.

On July 21 the stock rating was downgraded from "Hold" to "Sell" by analysts at Berenberg. Therefore 41% are positive. Mai Wealth Advisors acquired 10,879 shares as Wells Fargo & Company (WFC)'s stock declined 8.66%. RBC Capital Markets maintained Wells Fargo & Co (NYSE:WFC) on Friday, October 6 with "Buy" rating. Jefferies maintained Wells Fargo & Co (NYSE:WFC) on Tuesday, June 6 with "Hold" rating. On Wednesday, July 29 the stock rating was upgraded by Guggenheim to "Buy". The firm has "Buy" rating given on Thursday, September 22 by Deutsche Bank. The firm earned "Buy" rating on Monday, April 25 by Nomura. The company was maintained on Wednesday, April 12 by Sandler O'Neill. Susquehanna upgraded the shares of WFC in report on Wednesday, January 20 to "Positive" rating. Alliancebernstein LP reported 19.11M shares. It turned negative, as 4 investors sold Howard Bancorp Inc shares while 8 reduced holdings. 93 funds opened positions while 234 raised stakes. Jarislowsky Fraser Ltd reported 3.22 million shares. Creative Planning, a Kansas-based fund reported 1,000 shares. Jpmorgan Chase Co invested in 0.11% or 21.14 million shares. Northern Corporation stated it has 81,312 shares. 876,090 are held by Country National Bank & Trust. First Advsr LP owns 1.49M shares for 0.09% of their portfolio. Amica Mutual Insurance invested in 1.61% or 318,857 shares. Utah Retirement owns 166,712 shares. Markston Int Lc holds 4,584 shares. Bridges Investment owns 1.16% invested in Wells Fargo & Co (NYSE:WFC) for 156,491 shares. Highbridge Capital Management Limited Liability invested in 0.32% or 930,951 shares. Sawgrass Asset Management Ltd Limited Liability Company invested 0.14% of its portfolio in Wells Fargo & Co (NYSE:WFC). Earnest Prtnrs Ltd Llc reported 0% of its portfolio in Kroger Co (NYSE:KR). The stock of Wells Fargo & Co (NYSE:WFC) has "Buy" rating given on Friday, October 6 by Robert W. Baird.

Investors are a little more bullish of late at least if you consider the change in short interest.

Analysts await AbbVie Inc (NYSE:ABBV) to report earnings on October, 27. Brick & Kyle Associates now owns 1,859 shares of the financial services provider's stock valued at $103,000 after acquiring an additional 162 shares during the period. MET's profit will be $1.11B for 12.70 P/E if the $1.04 EPS becomes a reality. After $0.39 actual earnings per share reported by Kroger Co for the previous quarter, Wall Street now forecasts 2.56% EPS growth.

Related News:

Most liked

John Flint named as HSBC's new chief executive, succeeding Stuart Gulliver
He also sold down assets and poured resources into Asia, where the bank now makes tidy profits. HSBC has named a new Chief Executive to replace the departing Stuart Gulliver .

Simple Moving Average Analysis of Fidelity National Information Services, Inc. (FIS)
The information technology services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.97 by $0.05. According to Finviz reported data, The SMA20 of the stock is at 1.6 percent, SMA50 is 2.87 percent, while SMA200 is 11.3 percent.

TCS Beats Expectations, Net Profit Jumps To Rs 6,446 Crore In Q2
In second half of FY18, there are limited margin levers", Karan Taurani, VP Research, Dolat Capital said. "We experienced robust volume growth in Q2, driven by good demand across multiple industry verticals".

China wants U.S. to recognise Pakistan's efforts to combat terrorism
A number of former and present ambassadors, congress and senate staffers, state department officials and prominent media persons were present on the occasion.

Juniper Networks Inc (NYSE:JNPR) Institutional Investor Sentiment Is 2.27
Fiduciary Finance Svcs Of The Southwest Tx holds 1.82% of its portfolio in Pfizer Inc. (NYSE: JNPR ) for 875,538 shares. The network equipment provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03.

Which Insider sold 9538 Shares Of NVIDIA Corporation (NVDA)?
On July 12 the company was rated "Buy" in a report from SunTrust Robinson Humphrey which is up from the previous "Neutral" rating. NVIDIA Corporation (NVDA ) stock price escalated 0.78% to finalize at $190.41 throughout previous buying and selling session.

Apple get go-ahead to build data centre in Athenry
Construction of the first phase will generate 300 temporary jobs and, when it is operational, it will employ 100 people full-time. This prompted 2,000 local people from Athenry to march in support of the data centre past year .

Direct tax collection increases 16% in April-September period
The net direct tax collection in the first half of FY18 witnessed a jump of almost 7% as compared to the same period last fiscal. India's fiscal first half direct tax collections surged 15.8% on-year to Rs 3.86 lakh crore, the government said on Wednesday.

Apple reportedly working with LG on a foldable phone for 2020
Apple accounts for about 1.3% of Moon Capital Management LLC's investment portfolio, making the stock its 21st biggest holding. Meanwhile reports out of Korea also state that LG Innotek is creating flexible circuit boards to go with these displays.

Samsung Galaxy J2 (2017) surfaces online
Another key area, in which the Xiaomi Redmi 4 gives the Samsung Galaxy J2 (2017) a run for its money, is the battery capacity. In terms of storage, the device comes with 8GB internal storage that can be further expanded up to 128GB via microSD card.

It's Prime Time: Amazon Offers New Prime Student Monthly Plan
The parent will need to setup the shipping address and payment method, after which point an invitation is sent back to the teen. The online retail giant said Wednesday that teens can now shop at Amazon on their own, if their parents let them.

After new autopsy discovery from police, Davido speaks on Tagbo's death
Edgal also made it known that Davido had lied about knowing of Tagbo's passing when he was at DNA Night Club, Victoria Island. Tagbo Umeike, friend of Nigerian entertainer, Davido died from suffocation, the police in Lagos has said.

After Gajendra Chauhan, now FTII students protest against new chairman Anupam Kher
Apart from this he has also appeared in several stage plays and authored a book with a title "The Best Things About You Is You'". In the past few days, Anupam has been busy promoting his production Ranchi Diaries , and he has also has film projects lined up.

Megyn Kelly's Show Takes Ratings Dive
Page Six reached out to an NBC representative who told the paper that things aren't as dire as they might seem. In the same week past year Al Roker , Billy Bush and Tamron Hall were hosting " Today's Take".

Proclamations against Hussain, Hasan Nawaz pasted in accountability court
Hussain and Hassan had reportedly made a decision to not join the proceedings of the corruption references against them. In the notice, both the respondents have been directed to appear before the court within 30 days.