Wells Fargo & Company (WFC) Receives Buy Rating from Goldman Sachs Group, Inc

Wells Fargo & Company (WFC) Receives Buy Rating from Goldman Sachs Group, Inc”

Wells Fargo & (NYSE WFC) traded down 0.135% during midday trading on Tuesday, hitting $55.535. The institutional investor held 398,623 shares of the capital goods company at the end of 2017Q2, valued at $42.84 million, up from 15,400 at the end of the previous reported quarter. The company has market cap of $276.29 billion.

In the last three months, insiders executed a total of 14 trades. AbbVie Inc (NYSE:ABBV) has risen 10.63% since October 12, 2016 and is uptrending. It has outperformed by 30.83% the S&P500. Uss Investment Management Ltd bought 2.45M shares as the company's stock declined 8.66% while stock markets rallied. Alexandria Capital LLC now owns 1,826 shares of the financial services provider's stock worth $102,000 after acquiring an additional 6 shares in the last quarter.

Wells Fargo & announced that its Board of Directors has authorized a stock repurchase program on Wednesday, June 28th that allows the company to buyback $11.50 billion in outstanding shares. The stock increased 0.85% or $0.47 during the last trading session, reaching $55.61. This works out to a net decrease in ownership of 57.77 million shares, and suggests that institutions are feeling bearish about the stock. It has underperformed by 7.03% the S&P500. Abbvie Inc Com now has $147.26B valuation. More interesting news about Caterpillar Inc. Fidelity Contrafund Inc Com (FCNTX) was raised too. (CAT) Stock Is Priced For Purrfection" published on October 02, 2017 as well as's news article titled: "Caterpillar - Don't Be Greedy Up Here" with publication date: "October 11, 2017.

Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Its up 0.25, from 0.71 in 2017Q1. Cullen Frost Bankers reported 0.07% in Caterpillar Inc.

Gendell Jeffrey L holds 1.19% of its portfolio in Peoples Bancorp of North Carolina, Inc. for 523,065 shares. Westover Cap Advsr Limited Liability Company holds 11,203 shares or 0.41% of its portfolio. Northern Tru Corp owns 7.19M shares. Cornerstone Advsrs Inc holds 0.28% or 9,138 shares. (NYSE:CAT) for 26,554 shares. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. Therefore 41% are positive. Wells Fargo & Company had 96 analyst reports since July 29, 2015 according to SRatingsIntel. Credit Suisse maintained Caterpillar Inc. The rating was downgraded by Rafferty on Wednesday, April 12 to "Sell". The firm has "Buy" rating given on Monday, October 9 by Citigroup. On Wednesday, April 26 the stock rating was maintained by Stifel Nicolaus with "Hold". BMO Capital Markets has "Sell" rating and $4900 target. The rating was maintained by Barclays Capital on Tuesday, January 3 with "Overweight". The stock of Caterpillar Inc. The firm has "Neutral" rating given on Monday, October 10 by UBS. On July 31 the company was upgraded from "Underperform" to "Market Perform" in a report from BMO Capital. This buyback authorization permits the financial services provider to buy up to 4.2% of its stock through open market purchases. It also upped Spdr S&P 500 Etf Tr Tr Unit (SPY) stake by 7,165 shares and now owns 80,334 shares.

More notable recent Wells Fargo & Co (NYSE:WFC) news were published by: which released: "Senators grill Wells Fargo CEO over scandal, forced arbitration" on October 03, 2017, also with their article: "Equifax Is Taking Over From Wells Fargo as the Financial Industry's Villain" published on October 02, 2017, published: "Wells Fargo: The Declines Are Over" on September 24, 2017. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since October 11, 2016 and is uptrending. It is positive, as 85 investors sold WFC shares while 685 reduced holdings. Delphi Private Advisors LLC raised its position in shares of Wells Fargo & by 262.8% during the 2nd quarter. Sigma Inv Counselors holds 5,539 shares. New York-based Teachers Insurance Annuity Association Of America has invested 0.55% in Wells Fargo & Co (NYSE:WFC). Pitcairn Communications reported 0.26% of its portfolio in Wells Fargo & Co (NYSE:WFC). Hexavest Inc holds 0.26% in Wells Fargo & Co (NYSE:WFC) or 355,863 shares. 19,829 were accumulated by Prentiss Smith And. Tweedy Browne Ltd Liability Com invested 5.8% of its portfolio in Wells Fargo & Co (NYSE:WFC). 51,300 are owned by M&R Capital. Tradewinds Cap Ltd has 4,183 shares. B And T Capital Mngmt Dba Alpha Capital Mngmt accumulated 1.24% or 45,154 shares. Keefe, Bruyette & Woods reaffirmed a "buy" rating and set a $62.00 price target on shares of Wells Fargo & in a research note on Friday, June 23rd. Eqis Capital Management, Inc. reduced its investment by shedding 8,167 shares a decrease of 44.6% in the quarter.

Wells Fargo & Company is a bank holding company.

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