Published: Sat, January 13, 2018
Hi-Tech | By Grace Becker

Wells Fargo shares slip 1.4% premarket after profit and revenue miss

Wells Fargo shares slip 1.4% premarket after profit and revenue miss

Over the last three months, insiders have sold 184,482 shares of company stock valued at $10,471,050.

Sell side analysts plays vital role in buying and selling a stock where 4 analysts rated Wells Fargo & Company (NYSE:WFC) as Buy, 1 analysts given Outperform signal, 4 reported Hold, and 0 analysts rated the stock as Sell.

Wells Fargo's legal troubles are far from over. The stock increased 0.25% or $0.16 during the last trading session, reaching $63.28. About 8.58 million shares traded.

Wells Fargo's net interest income in the quarter came in at $12.3 billion, down 1% on a year-over-year basis. It has underperformed by 7.03% the S&P500.

Parametrica Management Ltd increased its stake in Weibo Corp (WB) by 814.61% based on its latest 2017Q3 regulatory filing with the SEC.

Non-interest income at Wells Fargo came in at around $9.7 billion, up 6% year over year, primarily due to higher net gains from equity investments and debt securities, partially offset by lower mortgage banking revenues. The stock decreased 0.24% or $0.025 during the last trading session, reaching $10.375. About 195,059 shares traded. Autodesk, Inc. (NASDAQ:ADSK) has risen 91.08% since January 11, 2017 and is uptrending. It has outperformed by 84.47% the S&P500.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.52, from 1.24 in 2017Q2. It dropped, as 72 investors sold MAT shares while 132 reduced holdings. Harris Assocs Limited Partnership reported 8.94 million shares stake. New York-based Jpmorgan Chase has invested 0% in OMNOVA Solutions Inc. (NASDAQ:PEP) for 1.04M shares. Forte Limited Liability Co Adv owns 23,481 shares. Boulegeris Invests holds 0.51% or 16,746 shares. Fmr Ltd Limited Liability Company holds 0.02% or 2.88 million shares in its portfolio. Gfs Advsrs Ltd Limited Liability Company owns 26,317 shares or 0.33% of their U.S. portfolio. (NASDAQ:ADSK) for 5,600 shares. Fincl Counselors holds 0.09% or 32,174 shares in its portfolio. Geode Capital Mgmt Ltd Liability Corp holds 0.02% or 1.66 million shares in its portfolio. Moreover, Schroder Investment Gru has 0.2% invested in Pepsico, Inc. (NASDAQ:MAT) for 20,958 shares. Kbc Group Nv holds 0.1% of its portfolio in Weibo Corporation (NASDAQ:WB) for 111,767 shares. Dodge & Cox holds 3.09% or 69.69M shares. Caprock Grp holds 28,069 shares. Raymond James And Assoc, Florida-based fund reported 4,826 shares.

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Analysts expect OMNOVA Solutions Inc. (NASDAQ:ADSK), 18 have Buy rating, 3 Sell and 6 Hold. Therefore 50% are positive.

WFC has been the subject of several research analyst reports. Wedbush maintained the shares of ADSK in report on Thursday, May 12 with "Neutral" rating. The firm earned "Overweight" rating on Wednesday, December 7 by Barclays Capital. We will use EBITDA margin and Return on Investment (ROI), which adjust for differences in capital structure, as measure of profitability and return., compared to an EBITDA margin of 58.62% for Citigroup Inc. (C). The stock now has an average rating of "Hold" and an average target price of $59.79. The rating was initiated by UBS with "Sell" on Thursday, March 24. The firm has "Neutral" rating given on Wednesday, September 21 by JP Morgan. The rating was maintained by RBC Capital Markets on Monday, November 13 with "Buy". The shares were sold at an average price of $56.90, for a total value of $3,983,000.00. Howe & Rusling has 0.04% invested in Wells Fargo & Company (NYSE:WFC). $2.05M worth of AutoZone, Inc.

Wells Fargo & Co (NYSE:WFC) last issued its quarterly earnings data on Friday, October 13th. Therefore 47% are positive. The financial services provider reported $0.84 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.20). The stock of Pepsico, Inc. Analysts were looking for WFC to report earnings per share of $1.06 for the period. The stock has "Buy" rating by Goldman Sachs on Tuesday, May 30. The firm has "Hold" rating by Jefferies given on Friday, August 11. On Friday, October 27 the stock rating was maintained by KeyBanc Capital Markets with "Hold". The firm has "Buy" rating by Jefferies given on Thursday, June 22.

Investors sentiment decreased to 0.73 in 2017 Q3. Its up 0.02, from 0.93 in 2017Q2.

Want to see what other hedge funds are holding WFC? 103 funds opened positions while 495 raised stakes. Pennsylvania Tru Communication accumulated 186,740 shares.

Earnings season is upon us, and the big USA banks are among the first companies set to report. Marshwinds Advisory owns 17,610 shares. Ftb Advisors reported 0.16% of its portfolio in Wells Fargo & Company (NYSE:WFC). Shares opened weaker down 1.35 percent on Friday.

Summit Securities Group Llc, which manages about $586.75 million US Long portfolio, decreased its stake in Apollo Global Mgmt Llc (Call) (NYSE:APO) by 381 shares to 148 shares, valued at $445,000 in 2017Q3, according to the filing. New Jersey Better Educational Savings Trust accumulated 31,000 shares. Raffles Associate LP owns 269,246 shares. Supplemental Annuity Collective Of Nj reported 1.33% stake. Ivory Mngmt Limited Liability Corporation reported 559,546 shares stake.

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