Piper Jaffray Analysts Cut Earnings Estimates for Wells Fargo

Piper Jaffray Analysts Cut Earnings Estimates for Wells Fargo

Carret Asset Management LLC now owns 53,814 shares of the financial services provider's stock worth $2,968,000 after buying an additional 1,446 shares during the last quarter. The institutional investor held 264,423 shares of the major banks company at the end of 2017Q4, valued at $16.04 million, down from 272,328 at the end of the previous reported quarter. BMO Capital Markets restated a sell rating and issued a $50.00 price target on shares of Wells Fargo & Co in a research report on Wednesday, January 11th. The WFC has a wide variety of figures for various time frames, commencing from week's performance it advances on positive ratio of -2.78% during the last five regular trading sessions. About 15.36M shares traded. Research Co invested 0.15% of its capital in Wells Fargo & Company (NYSE:WFC). WFC underperformed the S&P 500 by 19.30%. Cypress Cap Group Incorporated owns 33,646 shares or 0.42% of their USA portfolio. Wells Fargo & Company (WFC) recently closed with fall of -3.98% to its 20-Day Simple Moving Average. Davenport & Company Llc who had been investing in Abc for a number of months, seems to be bullish on the $20.02 billion market cap company.

Analysts mean recommendation for the stock is 2. (NYSE:HD) has risen 18.94% since April 16, 2017 and is uptrending. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider's stock worth $127,000 after buying an additional 891 shares in the last quarter. It also reduced its holding in Charter Communications Inc A by 15,663 shares in the quarter, leaving it with 310,695 shares, and cut its stake in Union Pacific Corp (NYSE:UNP). Shares for $292,234 were sold by Codel Franklin R on Friday, November 17. A rating of 4 or 5 would tip to a Sell suggestion. The stock was sold at an average price of $59.02, for a total value of $6,946,890.08. The stock was bought at an average cost of $55.98 per share, for a total transaction of $503,820.00. 208.24 million shares or 0.93% more from 206.32 million shares in 2017Q3 were reported.

Investors sentiment increased to 0.96 in 2017 Q4. Its down 0.03, from 0.91 in 2017Q3.

ILLEGAL ACTIVITY WARNING: "SNS Financial Group LLC Sells 991 Shares of Wells Fargo (WFC)" was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. 142 funds opened positions while 611 raised stakes. Oak Assoc Limited Oh has 411,638 shares. Novare Capital Management stated it has 62,681 shares or 1.14% of all its holdings. Birmingham Mgmt Com Al invested 0.17% of its portfolio in The Home Depot, Inc. Stewart West Indies Trading Limited accumulated 1.23 million shares. Moreover, Cullinan Associates has 0.94% invested in JPMorgan Chase & Co. Cadinha Limited Liability Corporation invested in 0.29% or 34,591 shares. (NYSE:JPM) for 36,943 shares. Nations Financial Group Inc. Dsc Ltd Partnership invested 7.31% of its portfolio in JPMorgan Chase & Co. Cambridge Invest Research Incorporated holds 0.03% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 33,360 shares. (NYSE:JPM) rating on Monday, October 17. Zweig stated it has 0.06% of its portfolio in JPMorgan Chase & Co. Roundview Ltd Liability Com reported 60,499 shares. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. Therefore 38% are positive. Wells Fargo has a 52 week low of $49.27 and a 52 week high of $66.31. The stock of JPMorgan Chase & Co. RBC Capital Markets maintained the stock with "Buy" rating in Monday, September 18 report. On Wednesday, January 3 the firm has "Outperform" rating given by Bernstein.

In other Wells Fargo news, Director Ronald Sargent purchased 9,000 shares of the business's stock in a transaction dated Monday, February 12th. Realistically speaking, this volatility measure can be used by stock traders of the mini-market for multiple reasons and purposes in evaluating the actual price momentum plus the rate of change in WFC's price. The market capitalization of the company is $192.18 Billion. The stock has "Buy" rating by Jefferies on Tuesday, October 10. The rating was upgraded by Citigroup on Thursday, January 7 to "Buy". The rating was maintained by Robert W. Baird with "Buy" on Friday, November 10. CLSA upgraded the shares of JPM in report on Tuesday, August 25 to "Outperform" rating.

Rbf Capital Llc, which manages about $906.30 million US Long portfolio, upped its stake in Spdr S&P Midcap 400 Etf Tr (MDY) by 10,854 shares to 30,854 shares, valued at $10.66M in 2017Q4, according to the filing.

Looking at some ROIC (Return on Invested Capital) numbers, Wells Fargo & Company (NYSE:WFC)'s ROIC is 0.023223. It increased, as 63 investors sold Wells Fargo & Company shares while 746 reduced holdings. 138 funds amassed stakes and 466 increased stakes. Somerset Ltd Llc reported 71,887 shares or 3.65% of all its holdings. First Fin Bankshares owns 0.05% invested in Marathon Petroleum Corporation (NYSE:MPC) for 4,847 shares. Alley Limited Liability invested 2.14% in Wells Fargo & Company (NYSE:WFC). Cibc Asset Management has 530,910 shares.

The Current Ratio of Wells Fargo & Company (NYSE:WFC) is 0.00. Royal National Bank & Trust Of Canada invested in 1.48M shares or 0.04% of the stock. Doheny Asset Ca reported 1.89% stake. Paragon Capital Mgmt Ltd has 4,556 shares. (NYSE:JPM). Karpus Management invested 0.01% of its portfolio in JPMorgan Chase & Co.