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

Big Bank Stocks Kicking Off Earnings Season

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.

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