Wells Fargo & Company 2017 Q4 Big Money Sentiment Better Than Expected: at 0.75

May 16, 2018 - By Robert Reynolds

Wells Fargo & Company (NYSE:WFC) Corporate Logo

“Big money” Positions

“Big money sentiment for Wells Fargo & Company (NYSE:WFC) in Q4 2017 increased to 0.75, according to SEC filings. That’s up 0.02, from 2017Q3’s 0.73. 604 active investment managers started new or increased holdings, while 809 decreased and sold their holdings in Wells Fargo & Company so the sentiment is better. These funds own 3.64 billion shares, that’s down from 3.65 billion shares in 2017Q3. Funds holding Wells Fargo & Company in top 10 increased from 161 to 167 for an increase of 6. 63 Investors Sold All; 746 Reduced Holdings; 466 increased stakes while 138 active investment managers bought stakes.

Significant Wells Fargo & Company Investors

As of Q4 2017 Daily Journal Corp has 55.91% invested in Wells Fargo & Company. As of Q4 2017, 1.75 million shares of Wells Fargo & Company are owned by American Assets Inc. Theleme Partners Llp reported 7.53 million shares. Brandywine Trust Co revealed 300,594 shares position in Wells Fargo & Company. The Kansas-based fund Vantage Investment Partners Llc looks positive on Wells Fargo & Company, possessing 266,716 shares.

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions.The firm is valued at $269.03 billion. The Company’s Community Banking segment offers checking, savings, market rate, and individual retirement accounts, as well as time deposits and remittances; and lines of credit, automobile floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.The P/E ratio is 13.18. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, merchant payment processing, and private label financing solutions, as well as purchases retail installment contracts.

WFC is reaching $55.21 during the last trading session, after increased 0.84%.Wells Fargo & Company has volume of 8.26M shares. Since May 16, 2017 WFC has declined 7.75% and is downtrending. WFC underperformed by 19.30% the S&P 500.

Wells Fargo & Company (NYSE:WFC)’s earnings release is anticipated by WallStreet on July, 13, as reported by RTT. Analysts predict 4.67 % diference or $1.12 from the $1.07 EPS from 2017. If the current earnings per share of $1.12 is accurate, WFC’s profit could be $5.46B. Wall Street now predicts 0.00 % EPS growth despite Wells Fargo & Company last quarter’s EPS of $1.12.

First Dallas Secs Inc reported 0.2% stake. Hallmark Cap reported 279,213 shs. Bb&T owns 374,522 shs. Qvt Fincl Lp, New York-based fund reported 98,300 shs. 61,872 were reported by Kepos Capital Lp. 184,000 are held by Seatown Pte. The Pennsylvania-based Waldron L P has invested 0.16% in Wells Fargo & Company (NYSE:WFC). Timber Creek Capital Mngmt Limited Co accumulated 0.04% or 976 shs. Regions has invested 1.41% in Wells Fargo & Company (NYSE:WFC). Cim Inv Mangement owns 34,192 shs. 2,724 were accumulated by Fsi Ltd Limited Liability Company. Dumont & Blake Inv Advisors Ltd Limited Liability Company owns 24,237 shs for 0.6% of their capital. Northern Management accumulated 22,797 shs or 0.36% of the stock. Reliance Trust Of Delaware holds 0.86% of its capital in Wells Fargo & Company (NYSE:WFC) for 93,977 shs. 3,845 are held by Mutual Of Omaha Savings Bank Wealth Mgmt.

Wells Fargo & Company (NYSE:WFC) Ratings Coverage

In total 24 analysts cover Wells Fargo (NYSE:WFC). “Buy” rating has 13, “Sell” are 4, while 7 are “Hold”. (NYSE:WFC) has 54% bullish analysts. 46 are the (NYSE:WFC)’s ratings reports on 16 May 2018 according to StockzIntelligence Inc. The company rating was maintained by Robert W. Baird on Monday, February 5. On Monday, February 5 the company was maintained by Nomura. In Friday, April 6 report Vining Sparks upgraded it to “Buy” rating and $68.5000 target. On Thursday, April 5 the stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given by UBS. On Sunday, April 15 the stock of Wells Fargo & Company (NYSE:WFC) earned “Hold” rating by Jefferies. On Monday, March 26 the stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given by Robert W. Baird. On Thursday, March 29 the company was maintained by Sandler O’Neill. On Tuesday, January 9 Sandler O’Neill upgraded the shares of WFC in report to “Buy” rating. In Monday, April 30 report Keefe Bruyette & Woods upgraded the stock to “Buy” rating. The company rating was maintained by Morgan Stanley on Friday, February 2.

For more Wells Fargo & Company (NYSE:WFC) news posted briefly go to: Bizjournals.com, Streetinsider.com, Streetinsider.com, Bizjournals.com or 247Wallst.com. The titles are as follows: “Wells Fargo launches program to boost NM homeownership” posted on May 16, 2018, “Viking Global’s 13F Shows New Stakes in Alibaba (BABA), BioMarin (BMRN) and Western Digital (WDC), Increase in …” on May 15, 2018, “Appaloosa 13F Shows New Stake in Wells Fargo (WFC) and Lam Research (LRCX), Increase in Micron (MU) MGM …” with a publish date: May 15, 2018, “Wells Fargo taps JPMorgan Chase exec as chief risk officer” and the last “6 Most Important Things in Business Today” with publication date: April 27, 2018.

Wells Fargo & Company (NYSE:WFC) Institutional Investors Chart

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