March 22, 2018

Things to Watch in Wells Fargo's Results

13 October 2017, 01:08 | Cesar Cruz

Eagle Ridge Investment Management Decreased Its Procter And Gamble Co (PG) Stake; Alpha Cubed Investments Increased Wells Fargo Co New (WFC) Holding By $6.46 Million

Bank Price to Book Comparison Chart

Iberiabank accumulated 1.87% or 113,255 shares. Procter And Gamble Co now has $232.82 billion valuation. Cannell Peter B & Inc owns 0.09% invested in Wells Fargo & Co (NYSE:WFC) for 48,466 shares. About 4.63 million shares traded. Benjamin F Edwards & Incorporated stated it has 0.17% in Wells Fargo & Co (NYSE:WFC). It has underperformed by 16.70% the S&P500.

Alpha Cubed Investments Llc increased Wells Fargo Co New (WFC) stake by 385.31% reported in 2017Q2 SEC filing. Foster Dykema Cabot & Co Inc sold 112,262 shares as Wells Fargo & Company (WFC)'s stock declined 8.66%. The stock declined 0.23% or $0.13 reaching $55.48 on the news. Stock's distance from 52 week High is -7.22% and the distance from 52 week Low is 25.7%. About shares traded. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since October 13, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

Since May 5, 2017, it had 1 buying transaction, and 3 selling transactions for $3.93 million activity. $2.05 million worth of stock was sold by Mack Mary T on Thursday, June 8. $499,108 worth of stock was bought by SARGENT RONALD on Friday, May 5.

Institutions own 76.57% of Wells Fargo & Company (WFC)'s shares. Therefore 41% are positive. Wells Fargo & Company (NYSE:WFC)'s short interest is 31.92 million shares, or 0.71% of the float.

The company's diluted EPS for trailing twelve months was 4.06. Keefe Bruyette & Woods has "Buy" rating and $6200 target. BMO Capital Markets maintained the stock with "Hold" rating in Sunday, July 30 report. The rating was maintained by Evercore with "Outperform" on Wednesday, April 19. The company was maintained on Thursday, June 22 by RBC Capital Markets.

Investors sentiment increased to 0.88 in 2017 Q2. Its up 0.12, from 0.76 in 2017Q1. Fdx Inc has 0.47% invested in Wells Fargo & Co (NYSE:WFC) for 285,981 shares.

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Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. Phocas reported 0.05% of its portfolio in Wells Fargo & Co (NYSE:WFC). 38,635 are owned by Investment Serv Inc Wi. Daiwa Securities Group Inc.'s holdings in Wells Fargo & were worth $30,573,000 as of its most recent filing with the Securities & Exchange Commission. Alexandria Capital LLC boosted its holdings in Wells Fargo & by 0.3% during the 1st quarter. Gam Holdg Ag holds 1.33 million shares. Cap Advsr Limited Limited Company accumulated 0.01% or 391 shares. 27,310 are held by Orca Investment Management Ltd. Girard Prtn invested in 75,647 shares. Violich Management reported 29,925 shares. Quantitative Invest Management Limited Liability Com has 705,900 shares. Klingenstein Fields & Co Ltd Com invested in 60,144 shares. Srb owns 3,409 shares. Advisory reported 110,440 shares stake.

Mad River Investors holds 0.23% of its portfolio in Pingtan Marine Enterprise Ltd for 49,769 shares. The current consensus recommendation provided by covering analysts is 2.50. Therefore 50% are positive. Wells Fargo & Company had 97 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Procter & Gamble Co (NYSE:PG) has "Hold" rating given on Tuesday, August 4 by TheStreet. The company was maintained on Friday, October 6 by Robert W. Baird. The firm has "Equal Weight" rating by Stephens given on Wednesday, April 5. The stock of Procter & Gamble Co (NYSE:PG) earned "Sell" rating by Goldman Sachs on Monday, January 9. Credit Suisse downgraded the stock to "Neutral" rating in Thursday, February 16 report. UBS upgraded the stock to "Neutral" rating in Monday, October 10 report.

Analysts await Procter & Gamble Co (NYSE:PG) to report earnings on October, 24. "While the current crisis related to the revelation of illegally opening millions of illegal accounts a year ago at the company will take some time to alleviate, we believe that consistent growth in loans and deposits and expansions will likely support its growth profile".

EPS Estimate for the next Quarter is 1.03. It increased, as 63 investors sold PG shares while 714 reduced holdings. Qv Invsts holds 102,789 shares. Sector Pension Board holds 291,694 shares. Pinebridge L P owns 59,499 shares. The New York-based Cohen Klingenstein Ltd Liability Corporation has invested 0.21% in Wells Fargo & Co (NYSE:WFC).

Smith Chas P & Associates Pa Cpas decreased Ishares Core S&P 500 Etf (IVV) stake by 4,790 shares to 79,744 valued at $19.41M in 2017Q2. Buckingham Asset Llc, Missouri-based fund reported 50,014 shares. Grassi Investment Management downsized its holdings by shedding 28,465 shares a decrease of 18.6%.

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