Economy

$1.05 EPS Expected for Wells Fargo & Co

Stock Yards Bank & Trust Co. now owns 56,623 shares of the financial services provider's stock worth $3,138,000 after purchasing an additional 1,323 shares in the last quarter. Newman Dignan Sheerar invested in 25,075 shares or 0.77% of the stock. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since September 25, 2016 and is uptrending. It has outperformed by 21.06% the S&P500. The stock of Wells Fargo & Co (NYSE:WFC) has "Hold" rating given on Friday, July 28 by Piper Jaffray. Peak Asset Management Llc acquired 5,733 shares as Wells Fargo Co New (WFC)'s stock declined 8.66%. America First Investment Advisors LLC raised its holdings in shares of Wells Fargo & by 8.3% in the 2nd quarter. The stock decreased 0.41% or $0.22 on September 25, reaching $54.03. Mcf Advsr Lc stated it has 0.14% in Wells Fargo & Co (NYSE:WFC). It has underperformed by 7.03% the S&P500. Wells Fargo & presently has a consensus rating of "Hold" and an consensus price target of $56.26. Therefore 0 are positive. Buckingham Research reiterated a "neutral" rating and issued a $62.00 target price (up from $60.00) on shares of Wells Fargo & in a report on Monday, July 10th. The company had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $22.23 billion. $1.34 million worth of Wells Fargo & Co (NYSE:WFC) was sold by Pelos Petros G on Monday, June 12.

Wells Fargo & disclosed that its board has approved a share buyback plan on early Wed, Jun 28th that permits The corporation to repurchase $11.50 B in outstanding Stocks. The company was upgraded on Thursday, January 7 by Citigroup. The rating was maintained by RBC Capital Markets on Thursday, June 22 with "Buy". The stock has "Buy" rating by Nomura on Monday, April 25. The stock of Wells Fargo & Co (NYSE:WFC) has "Buy" rating given on Friday, August 25 by Keefe Bruyette & Woods.

Since April 10, 2017, it had 1 insider buy, and 4 insider sales for $387.85 million activity. Another trade for 9,050 shares valued at $499,108 was bought by SARGENT RONALD. $1.04M worth of stock was sold by Hardison Hope A. on Tuesday, May 16. The insider BERKSHIRE HATHAWAY INC sold $383.92M.

Investors wait Wells Fargo & Co (NYSE:WFC) to report on October, 13 before the open. its quarterly earnings Wall Street analysts expect $1.05 earnings per share, up $0.02 or 1.94 % from last year's $1.03 same quarter earnings. For the past 5 years, the company's revenue has grown 0%, while the company's earnings per share has grown 0%. WFC's profit would be $5.21 billion giving it 12.92 P/E if the $1.05 EPS is correct. After having $1.07 EPS previously, Wells Fargo & Co's analysts see -1.87% EPS growth. About 6.14M shares traded. These ratios are important while doing valuation of the company or the shares of the company. Us Bancorp (NYSE:USB) was raised too.

Investors sentiment increased to 0.88 in Q2 2017. Its up 0.09, from 1.32 in 2017Q1.

Wells Fargo & Company (WFC) reported earning per shares for the quarter ending Oct 13 BMO at 1.07, whereas, 27 number of analysts estimated the mean EPS at 1.03. Argent Cap Mngmt Limited Liability Company holds 338,639 shares or 0.75% of its portfolio. Cleararc Cap Inc stated it has 110,828 shares or 0.99% of all its holdings. The California-based Ar Asset Management has invested 0.12% in Wells Fargo & Co (NYSE:WFC). Independent Order Of Foresters reported 10,960 shares stake. The latest exchange of 0.12 Million shares is below its average trading activity of 182.87 Million shares. Barton Investment Mgmt invested 0.12% of its portfolio in Wells Fargo & Co (NYSE:WFC). Cardinal Management holds 261,715 shares. Budros Ruhlin & Roe Incorporated accumulated 0.47% or 26,144 shares. (NASDAQ:DSPG) has "Buy" rating given on Tuesday, September 6 by Wunderlich. Ulta Salon Cosmetics & Fragrance Inc had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Morgan Stanley to "Overweight" on Tuesday, September 20. The firm earned "Neutral" rating on Thursday, February 16 by Credit Suisse. Deutsche Bank maintained it with "Hold" rating and $225 target in Friday, May 27 report.

Several other research firms have also commented on WFC. (NASDAQ:DSPG) rating on Tuesday, August 2. Wunderlich maintained DSP Group, Inc.

Investors sentiment increased to 1.41 in Q2 2017. Its down 0.50, from 0.5 in 2017Q1. 83 funds opened positions while 169 raised stakes. Susquehanna Intl Group Inc Llp has invested 0% of its portfolio in City Holding Company (NASDAQ:CHCO). Los Angeles Capital Equity Research holds 0.31% or 171,862 shares. 19,184 were reported by State Treasurer State Of Michigan. Jarislowsky Fraser invested in 3.22M shares. Advisory accumulated 7,067 shares. Moreover, Teachers Retirement Systems Of The State Of Kentucky has 0.02% invested in Ulta Beauty Inc (NASDAQ:ULTA). Envestnet Asset, a Illinois-based fund reported 905,388 shares. Private Advisor Gp Ltd Llc accumulated 2,417 shares. The insider Halligan Catherine Ann sold $156,182. Shares for $50,000 were sold by Seligsohn Gabi on Monday, May 8. Settersten Scott M had sold 11,519 shares worth $3.26 million on Wednesday, March 29. Eck Dennis K also sold $1.80 million worth of Ulta Beauty Inc (NASDAQ:ULTA) shares.



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