Economy

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 Seekingalpha.com'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: Reuters.com which released: "Senators grill Wells Fargo CEO over scandal, forced arbitration" on October 03, 2017, also Bloomberg.com with their article: "Equifax Is Taking Over From Wells Fargo as the Financial Industry's Villain" published on October 02, 2017, Seekingalpha.com 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.



Like this

Latest


12 October 2017
Former football star George Weah became president
Numerous more than 2.1 million voters are calling for a president who will improve the economy and access to electricity. The NEC says a new date will be set for voting at the center where election materials were quarantined.

12 October 2017
Norfolk Southern Corp (NYSE:NSC) Institutional Investors Sentiment
Harbour Capital Advisors LLC boosted its position in shares of Norfolk Souther Corporation by 12,069.6% in the 2nd quarter. Shayne Co accumulated 2,800 shares or 0.27% of the stock. 419,801 are owned by Northwestern Mutual Wealth Mgmt Company.

12 October 2017
Ronda Rousey Plays Coy When Asked About WWE Future
Browne is a UFC heavyweight fighter, presently ranked as the #14 heavyweight in the company. "I'm not gonna say no". She wouldn't want to ruin the surprise. "We're still making decisions on my part".

12 October 2017
San Francisco 49ers won't be forcing players to stand, says Eric Reid
At its regularly scheduled fall meetings next week, the National Football League will discuss the anthem issue. That was in reaction to President Trump's condemnation at a rally last month of any player that didn't stand.

12 October 2017
Is Seaport Global Positive On Shares of Plains GP Holdings (NYSE:PAGP)?
The stock of Plains GP Holdings LP (NYSE:PAGP) has "Outperform" rating given on Monday, August 28 by BMO Capital Markets. Armstrong acquired 50,000 shares of the company's stock in a transaction that occurred on Wednesday, August 9th.

12 October 2017
Prince Charles to lay Remembrance Day wreath on Queen's behalf
A statement from Buckingham Palace added: " The Queen wishes to be alongside the Duke of Edinburgh and he will be in the balcony". Buckingham Palace said this year's arrangements may not necessarily be the same for next year's service.

12 October 2017
GIC IPO subscribed 0.75 times
Bids were received for 9.41 crore equity shares as against 12.47 crore equity shares on offer in the price band of ₹855-912. The company has set a price range for the issue between Rs 855 to Rs 912 per equity share.

12 October 2017
Thermo Fisher Scientific Inc (TMO) PT Raised to $207.00 at Leerink Swann
Finally, Covington Capital Management lifted its holdings in Thermo Fisher Scientific by 0.9% during the 2nd quarter. (NYSE:TMO). Following the sale, the director now directly owns 38,757 shares of the company's stock, valued at approximately $6,790,226.40.

12 October 2017
Caesarean sections cause obesity and microbiome changes in mice
For this study, researchers observed the effect of c-section birth on 34 mice and the effect of a normal birth on 35 other mice. In the USA , C-sections account for 32 percent of births , according to the Centers for Disease Control and Prevention.

12 October 2017
RSS attacks Rahul Gandhi, tells him to focus on Congress
He said, "the Sangh had decided way back that it will work in the midst of men, and it has the right to decide this". They should not play hockey and cricket together, They need to induct some intellectuals in their fold.



Recommended