Published: Sat, September 02, 2017
Money | By Armando Alvarado

Average Brokerage Recommendation for Wells Fargo & Company

Average Brokerage Recommendation for Wells Fargo & Company

In other Wells Fargo & news, insider David M. Carroll sold 27,582 shares of the firm's stock in a transaction on Friday, June 9th. Wells Fargo & Co New Com now has $252.52 billion valuation.

The scandal over phony accounts first erupted last September, when Wells Fargo reached a US$190 million settlement with regulators over the matter.

Wells Fargo & (NYSE:WFC) last released its quarterly earnings data on Friday, July 14th. It has underperformed by 7.03% the S&P500. The rating was upgraded by Zacks on Monday, August 31 to "Sell". Wells Fargo expanded its review after Washington lawmakers lambasted the company following former CEO John Stumpf's testimony last September about the sales practices. The firm has "Sell" rating by Zacks given on Monday, August 17. Nomura maintained Peugeot SA (EPA:UG) rating on Thursday, July 23. Cowen & Co has "Market Perform" rating and $73 target. The company was upgraded on Friday, October 9 by JP Morgan. The firm earned "Buy" rating on Tuesday, January 19 by Argus Research. Robert W. Baird maintained it with "Hold" rating and $72.0 target in Thursday, August 24 report. Stifel Nicolaus downgraded it to "Hold" rating and $75 target in Tuesday, November 22 report. Maxim Group maintained the shares of MMS in report on Thursday, February 4 with "Buy" rating. The firm earned "Sell" rating on Wednesday, April 12 by Rafferty. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Another trade for 20,000 shares valued at $1.04M was made by Hardison Hope A. on Tuesday, May 16. It has underperformed by 35.58% the S&P500.

Peugeot S.A.is a holding company. The Automotive Division covers the design, manufacture and sale of passenger cars and light commercial vehicles under the Peugeot, Citroen and DS brands.

Investors sentiment increased to 1.24 in Q4 2016. Its down 1.22, from 2 in 2016Q3. 61 funds opened positions while 244 raised stakes. Bridgeway Management owns 315,530 shares. Vaughan Nelson Invest Mgmt Lp has 779,473 shares for 0.51% of their portfolio. Jrm Counsel Limited Com reported 87,465 shares. Stephens Ar holds 187,231 shares. Old Natl Bancorp In owns 107,740 shares for 0.34% of their portfolio. Us Retail Bank De accumulated 3,259 shares or 0% of the stock. Deutsche Financial Bank Ag holds 0.03% of its portfolio in Spectra Energy Corp. Alliancebernstein Limited Partnership has invested 0.01% in MAXIMUS, Inc. Wells Fargo And Mn accumulated 1,600 shares. Archon Prns stated it has 306,000 shares. Ensemble Management Limited Liability reported 11,165 shares stake.

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Since March 3, 2017, it had 1 insider buy, and 6 insider sales for $390.37 million activity. SARGENT RONALD bought 9,050 shares worth $499,108. About 5.51 million shares traded. BERKSHIRE HATHAWAY INC sold $383.92 million worth of stock.

"Wells Fargo is not going to roll over and give up its real numbers, and their admission that they had more fake accounts all along just confirms that", said Christensen, who represents about 70 bank customers in Utah.

Wells Fargo & Company (NYSE:WFC) tumbled -7.33% year-to-date. During the same period past year, the business posted $1.01 EPS. WFC's profit will be $5.25B for 12.02 P/E if the $1.06 EPS becomes a reality.

Investors sentiment increased to 0.88 in Q4 2016. Its down 0.30, from 0.97 in 2016Q3. It has no change, as 67 investors sold ORCL shares while 585 reduced holdings. only 87 funds opened positions while 431 raised stakes.

Other hedge funds have also recently added to or reduced their stakes in the company. Premier Asset Managment Ltd Liability Co reported 29,200 shares or 0.42% of all its holdings. Gotham Asset Management Limited Liability holds 0.14% of its portfolio in MAXIMUS, Inc. 544,946 are owned by Barr E S &. Centurylink Invest Mngmt accumulated 90,321 shares. Vermont-based Manchester Limited Liability Corporation has invested 0.01% in Wells Fargo & Co (NYSE:WFC). Geode Management Lc invested in 1.06% or 41.51M shares. Price T Rowe Assoc Incorporated Md invested in 0.63% or 57.70 million shares. Moreover, Axa has 0.65% invested in Wells Fargo & Co (NYSE:WFC) for 2.50M shares. Hengehold Lc reported 38,792 shares. Farmers And Merchants Invs Inc stated it has 151,479 shares. Vanguard Grp Inc Inc invested 0.92% of its portfolio in Wells Fargo & Co (NYSE:WFC). Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Therefore 0 are positive. Wells Fargo & Company had 85 analyst reports since July 29, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with "Hold" rating in Friday, June 17 report. As per Thursday, January 7, the company rating was upgraded by Citigroup. Atlantic Securities downgraded the shares of ORCL in report on Tuesday, July 19 to "Neutral" rating. Sandler O'Neill maintained the shares of WFC in report on Wednesday, April 12 with "Hold" rating. Schnieders Mgmt Ltd Liability Com holds 3.01% of its portfolio in Wells Fargo & Co (NYSE:WFC) for 106,152 shares. Bank of America has "Underperform" rating and $60 target. The firm has "Sell" rating given on Friday, July 7 by BMO Capital Markets.

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