21 July, 2017
The institutional investor owned 8,874 shares of the financial services provider's stock after buying an additional 800 shares during the period.
Nantahala Capital Management Llc holds 0.6% of its portfolio in Trans World Entertainment Corporation for 1.78 million shares. NJ State Employees Deferred Compensation Plan's holdings in Wells Fargo & were worth $5,566,000 at the end of the most recent quarter.
A number of large investors have recently made changes to their positions in WFC. Marietta Wealth Management LLC bought a new position in shares of Wells Fargo & during the fourth quarter valued at about $240,000. Norges Bank acquired a new position in shares of Wells Fargo & during the fourth quarter valued at about $2,800,566,000. Davis Selected Advisers increased its stake in shares of Wells Fargo & by 0.9% in the fourth quarter. FIL Ltd raised its position in Wells Fargo & by 230.5% in the fourth quarter. Cornerstone Financial Partners LLC now owns 7,921 shares of the financial services provider's stock valued at $441,000 after buying an additional 708 shares during the last quarter. Court Place Advisors LLC now owns 20,068 shares of the financial services provider's stock valued at $1,112,000 after buying an additional 1,390 shares during the last quarter. Vicus Capital now owns 8,523 shares of the financial services provider's stock valued at $472,000 after buying an additional 2,648 shares during the last quarter.
Wells Fargo & Co (NYSE:WFC) exchanged hands 15.12 Million shares versus average trading capacity of 16.71 Million shares, while its relative trading volume is 0.85. The firm's 50 day moving average is $54.07 and its 200-day moving average is $55.16. The firm has a market cap of $272.58 billion, a price-to-earnings ratio of 13.52 and a beta of 0.96. Bancorporation Of Nova Scotia holds 0.33% of its portfolio in Wells Fargo & Co (NYSE:WFC) for 52,330 shares. About shares traded. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since July 21, 2016 and is uptrending. The financial services provider reported $1.07 EPS for the quarter, topping the Zacks' consensus estimate of $1.02 by $0.05.
More notable recent Wells Fargo & Co (NYSE:WFC) news were published by: Reuters.com which released: "Wells Fargo trims auto loans as market cools, risk overhaul kicks in" on July 12, 2017, also Buffalonews.com with their article: "Torn-Down Tuesday: The Fargo Mansion, home of a Wells Fargo founder" published on July 11, 2017, Bizjournals.com published: "Wells Fargo taps former exec to lead Texas in new role, oversee San Antonio" on July 03, 2017. Next quarter's EPS is estimated at $1.06 with next year's EPS anticipated to be $4.47. On average, analysts predict that Wells Fargo & Company will post $4.18 earnings per share for the current fiscal year.
Wells Fargo & declared that its board has initiated a stock buyback plan on Wednesday, June 28th that authorizes the company to buyback $11.50 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 4.2% of its shares through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued. Johnson Invest Counsel Inc reported 0.23% stake. The legal version of this report can be read at https://www.com-unik.info/2017/07/21/kanawha-capital-management-llc-buys-1237-shares-of-wells-fargo-company-nysewfc-updated-updated.html. If you are accessing this report on another domain, it was copied illegally and reposted in violation of US and global trademark and copyright laws.
Analyst recommendations as reported on FINVIZ are rated on a 1 to 5 scale. Instinet dropped their price objective on shares of Wells Fargo & from $65.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, April 19th. The stock of Wells Fargo & Co (NYSE:WFC) has "Buy" rating given on Tuesday, September 8 by Evercore. It turned negative, as 112 investors sold Wells Fargo & Co shares while 836 reduced holdings. Finally, Keefe, Bruyette & Woods reissued an "overweight" rating on shares of Wells Fargo & in a research report on Thursday, July 13th. FIG Partners downgraded the stock to "Market Perform" rating in Monday, November 7 report. The company now has a consensus rating of "Hold" and an average price target of $55.71.
In related news, Director Ronald Sargent purchased 9,050 shares of the business's stock in a transaction on Friday, May 5th. The stock was acquired at an average cost of $55.15 per share, for a total transaction of $499,107.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Avid Modjtabai sold 100,000 shares of the stock in a transaction on Friday, April 28th. The shares were sold at an average price of $54.21, for a total transaction of $5,421,000.00. Insiders sold 231,278 shares of company stock worth $12,361,120 in the last 90 days. Natixis Asset Mngmt has invested 0.29% in Wells Fargo & Co (NYSE:WFC). The Firm is a diversified financial services company.
