Published: Sun, January 14, 2018
Business | By Tara Barton

Wells Fargo & Co (WFC) Issues Quarterly Earnings Results

Wells Fargo & Co (WFC) Issues Quarterly Earnings Results

Dorsey & Whitney Trust Company Llc sold 6,643 shares as Wells Fargo & Co (WFC)'s stock declined 8.66%. The hedge fund held 345,010 shares of the containers and packaging company at the end of 2017Q3, valued at $17.41 million, up from 287,503 at the end of the previous reported quarter. Legg Mason Asset Management Japan who had been investing in Procter And Gamble Co for a number of months, seems to be bullish on the $227.34 billion market cap company. The stock decreased 0.09% or $0.05 during the last trading session, reaching $54.19. About 8.11 million shares traded or 20.52% up from the average. (NYSE:APB) has risen 33.00% since January 13, 2017 and is uptrending. It has underperformed by 0.05% the S&P500.

Cortland Advisers Llc decreased Prologis Inc (PLD) stake by 2.81% reported in 2017Q3 SEC filing. Hound Partners Llc bought 293,013 shares as the company's stock rose 10.88% with the market. The institutional investor held 29,123 shares of the major banks company at the end of 2017Q3, valued at $1.61M, up from 20,034 at the end of the previous reported quarter. East Coast Asset Management Llc who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $308.01 billion market cap company. The stock decreased 0.73% or $0.46 during the last trading session, reaching $62.55. The shares were sold at an average price of $57.80, for a total transaction of $1,010,459.60.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings results on Friday, January 13th. It has underperformed by 7.03% the S&P500. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the stock. Therefore 15% are positive. Prologis had 64 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was upgraded by Liberum Capital on Tuesday, November 14 to "Buy". The firm has "Neutral" rating by Guggenheim given on Tuesday, November 15. Robert W. Baird maintained the stock with "Buy" rating in Friday, September 1 report. (NASDAQ:LHCG) on Thursday, August 3 with "Buy" rating. Oppenheimer maintained it with "Outperform" rating and $80 target in Tuesday, November 7 report. Jefferies maintained Wells Fargo & Company (NYSE:WFC) on Tuesday, June 6 with "Hold" rating. The stock of Wells Fargo & Company (NYSE:WFC) has "Buy" rating given on Tuesday, January 19 by Argus Research. The rating was maintained by Sandler O'Neill on Wednesday, April 12 with "Hold".

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.10, from 1.26 in 2017Q2. It turned negative, as 92 investors sold WFC shares while 725 reduced holdings. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Wells Fargo & Co by 0.3% during the second quarter. Moreover, Pinnacle has 0.09% invested in Wells Fargo & Company (NYSE:WFC) for 87,000 shares. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.03 by $0.13. West Virginia-based Security National Trust has invested 0.55% in Wells Fargo & Company (NYSE:WFC). Burke And Herbert State Bank And Trust holds 1.22% in Wells Fargo & Company (NYSE:WFC) or 24,421 shares. Southeast Asset Advisors invested 0.12% in Wells Fargo & Company (NYSE:WFC). Hightower Limited Liability Corp invested in 0.32% or 678,120 shares. Sigma Investment Counselors stated it has 0.04% in Wells Fargo & Company (NYSE:WFC). Marco Inv Management Limited Liability Company holds 1,165 shares. Janney Montgomery Scott Ltd Company has 0.47% invested in Wells Fargo & Company (NYSE:WFC).

Several equities analysts have recently issued reports on WFC shares. Veritable LP holds 0.34% or 295,641 shares in its portfolio. D E Shaw And holds 0% in Sonoco Products Company (NYSE:SON) or 22,191 shares. Peak6 Investments Lp has 7,358 shares for 0.01% of their portfolio.

Inc. MA Raises Position in Occidental Petroleum Corporation (OXY)
It worsened, as 59 investors sold OXY shares while 338 reduced holdings. 89 funds opened positions while 264 raised stakes. It improved, as 11 investors sold BCC shares while 52 reduced holdings. 62 funds opened positions while 213 raised stakes.

Since August 7, 2017, it had 0 buys, and 38 insider sales for $950.72 million activity.

Large investors have recently made changes to their positions in the company. Its up 2.21% from 22,600 shares previously. The stock has "Sell" rating by Berenberg on Friday, July 21. Therefore 23% are positive. Proctor & Gamble had 73 analyst reports since August 4, 2015 according to SRatingsIntel. Zacks Investment Research lowered shares of Wells Fargo & Co from a "hold" rating to a "sell" rating in a report on Monday, September 18th. The rating was downgraded by JP Morgan on Wednesday, September 21 to "Neutral". The firm has "Outperform" rating given on Wednesday, July 19 by Robert W. Baird. On Tuesday, October 4 the stock rating was downgraded by Raymond James to "Underperform". Keefe, Bruyette & Woods reaffirmed a "buy" rating and set a $59.00 price objective on shares of Wells Fargo & Co in a report on Monday, October 16th. The firm earned "Buy" rating on Friday, October 6 by RBC Capital Markets. Sanford C. Bernstein upgraded shares of Wells Fargo & Co from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $64.00 to $69.00 in a research note on Wednesday, January 3rd. The stock of Sonoco Products Company (NYSE:SON) earned "Hold" rating by BMO Capital Markets on Wednesday, September 27. The company was maintained on Thursday, March 17 by Nomura. The firm earned "Underweight" rating on Friday, October 20 by Barclays Capital.

Legg Mason Asset Management Japan, which manages about $169.31M US Long portfolio, decreased its stake in Boeing Co (NYSE:BA) by 1,200 shares to 8,300 shares, valued at $2.11M in 2017Q3, according to the filing.

Investors sentiment is 1 in Q3 2017. Its down 0.12, from 0.94 in 2017Q2. 565 Sonoco Products Company (NYSE:SON) shares with value of $28,815 were sold by Thompson Marcy J. Florence John M sold $3,658 worth of stock or 75 shares. 30 funds opened positions while 78 raised stakes.

Wells Fargo & Company is a bank holding company. Jpmorgan Chase And reported 513,752 shares. Insiders own 0.22% of the company's stock. APB's SI was 23,100 shares in January as released by FINRA. Geode Cap Management Ltd holds 0.93% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 45.73M shares. Pension Serv stated it has 3.62 million shares or 1.08% of all its holdings. Delta Mgmt invested 3.03% in The Procter & Gamble Company (NYSE:PG). Adelante Capital, California-based fund reported 1.55M shares. Schafer Cullen Capital Inc holds 0.01% or 8,065 shares. Cypress Management Ltd Liability owns 19,563 shares or 0.23% of their U.S. portfolio. Invesco Limited owns 90,241 shares. Bush Odonnell Investment Advsr Inc holds 105,500 shares or 4.44% of its portfolio. Doheny Asset Mgmt Ca stated it has 11,106 shares.

Like this: