Wells Fargo & Company (WFC) - Technical check

Wells Fargo & Company (WFC) - Technical check

Wells Fargo's wealth management unit has been swept into a U.S. Department of Justice investigation after whistleblowers accused the bank of pushing inessential products or services to customers.

A number of hedge funds have recently added to or reduced their stakes in WFC.

Wall Street benchmarks bounced higher on Thursday, driven by gains in technology, financial and industrials stocks as shareholders hoped that lower US taxes could boost first quarter corporate profits. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider's stock valued at $127,000 after buying an additional 891 shares in the last quarter. Fairfield Bush And Co has 2.33% invested in Wells Fargo & Company (NYSE:WFC). Amussen Hunsaker & Associates LLC purchased a new stake in shares of Wells Fargo in the 2nd quarter valued at approximately $625,000. It also increased its holding in Lyon William Homes (NYSE:WLH) by 114,940 shares in the quarter, for a total of 184,095 shares, and has risen its stake in Pacwest Bancorp Del (NASDAQ:PACW). Capital World Investors now owns 111,753,448 shares of the financial services provider's stock worth $6,192,259,000 after acquiring an additional 10,927,679 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. By taking shares off the market, such buybacks can result in higher earnings per share for companies.

The recent analyst consensus rating clocked at 2.7 on the shares. Vertical Group upgraded Wells Fargo from a "sell" rating to a "buy" rating in a research report on Thursday, December 7th. They noted that the move was a valuation call.

WFC has been the subject of a number of research analyst reports. Gam Holdg Ag has invested 0.21% in Wells Fargo & Company (NYSE:WFC). Keefe, Bruyette & Woods reiterated a "hold" rating and set a $57.00 price objective on shares of Wells Fargo in a report on Thursday, April 5th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the stock.

When it comes to the Analysis of a Stock, Price Target plays a vital role. The stock presently has a yearly EPS of $3.61. Wells Fargo & Company's dividend payout ratio (DPR) is now 38.10%. The stock has a market cap of $283.06 billion, a PE ratio of 14.14 and a beta of 0.98. These analysts have also projected a Low Estimate of $1.01/share and a High Estimate of $1.17/share. The financial services provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.07). The company's revenue was down 1.4% compared to the same quarter past year. The Return on Equity (ROE) value stands at 11.5%. The company's Perf Half Y was isolated optimistically of -5.23% whereas Perf Year was settled at -2.70% and Perf YTD was by -13.14%. During the same period in the prior year, the firm earned $0.96 earnings per share. research analysts anticipate that Wells Fargo will post 4.69 EPS for the current fiscal year.

Wells Fargo CEO Tim Sloan said, "I'm confident that our outstanding team will continue to transform Wells Fargo into a better, stronger company; however, we recognize that it will take time to put all of our challenges behind us".

Shares ticked down slightly in premarket trading and are up just slightly in the past 12 months. The ex-dividend date is Wednesday, February 1st. The stock is trading away to its 50-day and 200-day moving averages by -8.86% and -7.44%, respectively. Following the acquisition, the director now owns 81 shares in the company, valued at $4,534.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

TRADEMARK VIOLATION WARNING: This piece was published by StockNewsTimes and is the sole property of of StockNewsTimes.

Related News:

  • Palestinians continue to demonstrate on Israel-Gaza border

    Palestinians continue to demonstrate on Israel-Gaza border

    On Friday Mr Lieberman said there were fewer riots on our border because "the other side" had understood Israel's resolve. Palestinians protesters burned pictures of Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump.
    Football Manager Touch receives first call up from Nintendo Switch

    Football Manager Touch receives first call up from Nintendo Switch

    Those who have played Football Manager titles before will be familiar with the football management simulation. A wealth of clauses and transfer options arm you with more ways than ever to finalise that blockbuster deal.
    VW's new chief to outline vision after dieselgate

    VW's new chief to outline vision after dieselgate

    Purchasing chief Francisco Javier Garcia Sanz, the longest-serving top executive at VW, will leave the company, the carmaker said. The former two come from the families that control more than 52% of the Volkswagen Group, while the latter is its chairman.
  • Tornado Watch and Blizzard Warning issued in Kansas

    Tornado Watch and Blizzard Warning issued in Kansas

    In Grand Island, the storm prompted organizers for ACT testing to cancel the Saturday exam date at Grand Island Senior High. Sunday: There's a 50 percent chance of precipitation with new snow accumulation of less than a half inch possible.
    Ander Herrera Uncertain About His Future At Manchester United

    Ander Herrera Uncertain About His Future At Manchester United

    Mancunian Jesse Lingard was reportedly a sort of most important the sledging as Metropolis collapsed after the break. City are 13 points clear at the top of the table, however, and will surely seal the title sooner rather than later.
    Blood samples show nerve agent, chlorine in Syria gas attack

    Blood samples show nerve agent, chlorine in Syria gas attack

    Trump said on Twitter on Thursday that a possible military strike against Syria "could be very soon or not so soon at all". Lavrov said Russian Federation expects the OPCW team to quickly visit the site.
  • Seahawks postpone Kaepernick workout, question anthem intentions

    Seahawks postpone Kaepernick workout, question anthem intentions

    Seattle recently cut Trevonne Boykin, their backup quarterback to Russell Wilson , over allegations of domestic violence. The Seahawks , who remain thin at quarterback, haven't ruled out working out Kaepernick in the future.

    Russian Federation warns United States of America on Syria as Trump appears to confirm airstrikes

    Trump has since tempered those remarks and the White House said no final decisions on possible actions had been taken. He cautioned that even if inspectors confirmed chemical weapons were used in Douma, "we will not know who did it".
    Cowboys expected to release Dez Bryant, per report

    Cowboys expected to release Dez Bryant, per report

    And it's Bryant's scoring ability, his rare competitiveness, that we believe will help him find a soft landing outside of Dallas . Entering his ninth season, all with Dallas , Bryant has racked up big numbers, including 73 touchdowns and more than 7,000 yards.
  • Green-Haired, Genital-Breathing Turtle Added to Endangered Reptiles List

    Green-Haired, Genital-Breathing Turtle Added to Endangered Reptiles List

    Almost 20 years later, John Cann, a Sydney-based turtle enthusiast, rediscovered the turtle in the Mary River in Queensland. The building of dams and collection of eggs for the pet trade have led to the decline of the species , according to EDGE.
    Lewis Hamilton tops first practice in Shanghai

    Lewis Hamilton tops first practice in Shanghai

    China, every the followers and the monitor, have been selection to Hamilton over time with the Brit worthwhile on 5 occasions since 2008, along with victory remaining 12 months.
    Hornets Relieve Steve Clifford Of Head Coaching Duties

    Hornets Relieve Steve Clifford Of Head Coaching Duties

    The Hornets also missed the playoffs for the third time in four years, finishing at 36-46 for the second consecutive season. Clifford was let go following a meeting with new general manager Mitch Kupchak , who made the announcement.


Most liked

Britney Spears and Jim Parsons Among Top Honorees at Glaad Awards
People were out of their seats, the crew was trying to get a look at Spears backstage and even the teleprompter broke. She could be one of those stars with a huge LGBTQ following that says nothing and does nothing.

Elon Musk says Model 3 production struggles are 'stressful' and 'painful'
Shortly after Tesla released the information, an NTSB spokesman said the agency was "unhappy" about the disclosure. The company said the crash was worsened by a missing or damaged safety shield on the end of the lane divider.

Jaguar Land Rover to cut production and staff in Solihull
The automotive industry has warned of the impact of Brexit and a fall in demand for diesel cars amid concern over emissions. New auto sales fell 5.7 per cent in the United Kingdom in 2017 - the first decline in registrations for six years.

Citigroup Inc. (C) crosses 50- SMA down along -1.87%
Total analysts of 15 have positions in Citigroup (NYSE:C) as follows: 9 rated it a "Buy", 1 with "Sell" and 5 with "Hold". The stock has "Underperform" rating by Raymond James on Wednesday, September 27. (NYSE:C) earned "Buy" rating by DZ Bank.

Taylor Swift Releases Two Recordings for One-Time Enemy Company Spotify
Specifically, her " September " cover is the latest (and highest profile) installment in the platform's Spotify Singles series .

Trump's lawyers pull back proposal for President to talk to Mueller
President Donald Trump said Thursday that if he wanted to fire special counsel Robert Mueller , he would have months ago. Rosenstein was at the White House Thursday, but officials said the meeting related to a separate matter.

76ers End Season on 16-Game Win Streak
In those 32 games, the Sixers have ranked fifth in offence (111.0 points per 100 possessions) and second defensively (99.7). Embiid wants to play, especially with the postseason kicking off this weekend, but he is being patient with this injury .

Eight-Year-Old Rape Spreads Outrage Across The Country
She was strangled to death, hit on the head twice with a stone and then her small mutilated body was dumped in the forest. The chargesheet says that caretaker of the temple, where the 8-year-old Asifa was gang-raped is the main conspirator.

Danny Welbeck to the rescue after serious scare for Gunners
Fyodor Chalov opened the scoring when he tapped home a rebound off Arsenal keeper Petr Cech . Hopefully we can progress another round and give it a shot in the final.

Kashmir chief's deputy backs BJP ministers 'who supported Kathua rape accused'
The opposition parties are putting pressure on Jammu and Kashmir Chief Minister Mehbooba Mufti to sack the two ministers. An eight-year-old had disappeared from near her home in a village near Kathua in the Jammu region on January 10.

Father-daughter accused of incest found dead. Their baby is dead, too
The caller then said Steven admitted to killing his wife and her father. She said she believed Steven brainwashed and manipulated Katie.

Why is people afraid of Friday 13th?
Researchers at the University of Miami have established that Friday the 13th has an effect on stock markets around the world. There are a number of theories about the origins of Friday 13th and its association with all things unlucky.

Trump says missiles 'will be coming' to Syria
Sanders said Trump would speak later with French President Emmanuel Macron and British Prime Minister Theresa May . That strike did not appear to have had the desired effect of deterring Assad from further use of chemical agents.

Winter storm watch for Saturday and Sunday
This biggest concern with this four-day storm will be the potential for ice accumulation within the Winter Storm Watch zone. A Winter Storm Warning has been issued for much of the state, with a blizzard warning in southwestern Minnesota.

Trump Adviser Hopes to Avoid US-China Trade War
The assurances address directly United States concerns and respond to conciliatory remarks by President Donald Trump on Monday. But he warned that China can't simply reiterate past commitments on issues of concern to the US that it never followed through.