Wells Fargo & Co (WFC) Receives "Hold" Rating from Sandler O'Neill

2 Stocks Are Hot-Wells Fargo & Co (NYSE:WFC), Southern Co (NYSE:SO)

2 Stocks Are Hot-Wells Fargo & Co (NYSE:WFC), Southern Co (NYSE:SO)

The performance for one month is at -7.73% and the performance for half year is 20.44%.

WFC has been the topic of a number of recent research reports.

Wells Fargo & Company has 5,003,367,000 shares in issue which have a share price of 53.47 giving Wells Fargo & Company a market capitalisation of 267.53B Dollars. Finally, Sandler O'Neill reaffirmed a "hold" rating and issued a $59.00 price objective on shares of Wells Fargo & Co in a research report on Tuesday.

Wells Fargo & Company (WFC), a stock from Money Center Banks Industry, has a value of $54.16 per share, noted a price change of -0.70% in recent trade close. Acadian Asset Management LLC now owns 2,511,003 shares of the financial services provider's stock valued at $111,188,000 after buying an additional 1,240,585 shares during the period. Buy rating has been given by 9 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 7 analysts given HOLD rating. After $1.03 actual earnings per share reported by Wells Fargo & Co for the previous quarter, Wall Street now forecasts -5.83% negative EPS growth. Traders purchased 36,842 put options on the company. The company has a 50 day moving average of $57.12 and a 200-day moving average of $53.24. The stock has a market cap of $270.98 billion, a P/E ratio of 13.57 and a beta of 0.98. Over the 52-week time span, the stock notched a high price of $59.99 and its minimum price was $43.55. Wells Fargo & Co (NYSE:WFC) has risen 8.34% since September 6, 2016 and is uptrending.

'Only time will tell' on improving US-China trade
Another outcome of Trump's shift on Syria has been a strikingly tougher tone from his administration on Russian Federation . China and the USA agreed that Pyongyang's programmes are a serious problem, but have not seen eye-to-eye on how to respond.

Wells Fargo & Co (NYSE:WFC) last posted its earnings results on Friday, January 13th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.00 by $0.04.

"In the three years since the launch of IN2, we've learned that the success of the program is very much dependent on the support and mentoring our participants receive at their earliest stages-at universities and through other incubator and accelerator programs-prior to joining IN2", said Ashley Grosh, Vice President and IN2 co-lead for Wells Fargo. The business had revenue of $21.60 billion for the quarter. For the last period, the company reported quarter over quarter EPS growth of -4.50% and quarter over quarter sales growth of 11.20%. In the case of Wells Fargo & Co., the RSI reading has hit 29.2 - by comparison, the universe of dividend stocks covered by Dividend Channel now has an average RSI of 52.2.

WARNING: This piece of content was originally published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this news story on another domain, it was stolen and republished in violation of worldwide copyright and trademark laws. Robert W. Baird reissued a buy rating and issued a $58.00 price target on shares of Wells Fargo & Co in a research report on Tuesday, January 10th. The original version of this news story can be read at https://www.chaffeybreeze.com/2017/04/12/wells-fargo-cos-wfc-sell-rating-reiterated-at-rafferty-capital-markets.html. The stock was sold at an average price of $59.02, for a total transaction of $6,946,890.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Institutional investors and hedge funds own 73.25% of the company's stock. It dived, as 112 investors sold Wells Fargo & Co shares while 836 reduced holdings. Cardinal Capital Management increased its position in shares of Wells Fargo & Co by 2.5% in the third quarter. Alpha Windward LLC now owns 6,453 shares of the financial services provider's stock worth $286,000 after buying an additional 37 shares during the last quarter. Retirement Sys Of Alabama has 0.97% invested in Wells Fargo & Co (NYSE:WFC). The stock decreased 0.70% or $0.38 during the last trading session, reaching $54.16.

Round Hill Asset Management acquired a new stake in Wells Fargo & Co (NYSE:WFC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission.

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