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ibusinesslines.com June 29, 2017


Bank regulator faults itself for missing Wells Fargo issues

20 April 2017, 03:49 | Jodi Jackson

Wells Fargo CEO, chairman buy $5 million of stock after review

Stock Jumping Abnormally High: Wells Fargo & Company (WFC)

The company presently has a consensus rating of "Hold" and an average target price of $54.01. 12 said a "Buy Rating" and 2 announced "Overweight Rating". First Merchants Corp raised its position in shares of Wells Fargo & Company by 66.0% in the second quarter.

The prominent billionaire's conglomerate, Berkshire Hathaway Inc BRKa.N , owns almost 10 percent of Wells Fargo and Buffett personally owns shares as well.

Piper Jaffray Companies restated a "neutral" rating and issued a $52.00 price objective (down previously from $55.00) on shares of Wells Fargo & Co in a research report on Tuesday. Seven research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have given a buy rating to the company's stock. WFC's value Change from Open was at 0.17% with a Gap of -0.68%. The average volume stands around 18.1 million shares. The stock's 50-day moving average price is $56.59 and its 200-day moving average price is $53.47. This agreement will leverage the companies' collective mobile leadership, and allow customers to use a Wells Fargo Debit or Credit Card to use PayPal to make NFC payments using an Android phone.

Based on the latest brokerage notes which have been released to investors, 5 brokers have issued a rating of "strong buy", 8 brokers "buy", 13 brokers "neutral", 4 brokers "sell" and 2 brokers "strong sell".

04/13/2017 - Wells Fargo & Company had its "outperform" rating reiterated by analysts at Evercore ISI. The company had revenue of $22 billion for the quarter, compared to analyst estimates of $22.25 billion. Tracking most recent quarter period, Price to book (P/B) ration is at 1.49 and Price to cash per share ration is at 0.64. Over the past year Company's shares have been trading in the range of $42.90 and $59.99.


The target price for Wells Fargo & Company (WFC) is $59.07/share according to the consensus of analysts working on the stock, with an expected EPS of $0.97/share for the current quarter. Nomura maintained the shares of WFC in report on Monday, April 25 with "Buy" rating. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & global copyright and trademark law. The stock of Wells Fargo & Co (NYSE:WFC) has "Outperform" rating given on Monday, September 19 by Robert W. Baird. Integrated Wealth Counsel LLC now owns 2,408 shares of the financial services provider's stock worth $107,000 after buying an additional 363 shares in the last quarter. The stock was sold at an average price of $59.02, for a total value of $6,946,890.08. Following the completion of the transaction, the director now owns 100 shares in the company, valued at $5,165. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. There is no concrete way to calculate a price target. The disclosure for this sale can be found here. The stock of Wells Fargo & Co (NYSE:WFC) has "Buy" rating given on Thursday, January 7 by Citigroup.

Wells Fargo & Company is a bank holding company. Rocky Mountain Advisers LLC increased its position in Wells Fargo & Co by 117.6% in the fourth quarter.

Insiders usually buy their own shares for one reason only: They think the stock is a bargain and has big upside.

FT reports, The 28 analysts offering 12 month price targets for Wells Fargo & Co have a median target of 58.50, with a high estimate of 65.00 and a low estimate of 45.00. Teachers Advisors LLC now owns 11,122,633 shares of the financial services provider's stock worth $612,968,000 after buying an additional 134,282 shares in the last quarter.

Several other hedge funds also recently modified their holdings of the company. Berkshire held almost 10 percent of Wells Fargo's outstanding shares as of year-end, but has chose to sell some to avoid breaching the 10 percent threshold that would require special regulatory permission. The Company is a diversified financial services company. It has three operating divisions: Community Banking, Wholesale Banking, and Wealth and Investment Management.



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