Enterprise Financial Services Corp Reduces Position in Wells Fargo & Co

A woman enters a Citibank branch in Buenos Aires Argentina

A woman enters a Citibank branch in Buenos Aires Argentina

It has outperformed by 15.85% the S&P500.

Cypress Capital Group decreased Wells Fargo & Co (WFC) stake by 37.19% reported in 2016Q4 SEC filing. Assets Inv Mgmt Ltd Limited Liability Company has 910,000 shares. While the bank earned a higher profit than analysts had expected, revenue fell short for the quarter. Wells Fargo & Company had a return on equity of 12.56% and a net margin of 23.18%. A 0.78% change after the initial price of $55.26, sent the closing price to $55.6. About shares traded. Brookfield Asset Management Inc (NYSE:BAM) has risen 13.98% since July 14, 2016 and is uptrending. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since July 14, 2016 and is uptrending. It has underperformed by 7.03% the S&P500. Total average deposits grew 5% year over year to $1.3 trillion, while total average loans ticked 1% higher to $956.9 billion. The Motco holds 1,126 shares with $62,000 value, down from 66,190 last quarter. The net interest income was also showing signs of positivity at $12.5 billion, up by $750 million or a total of 6% increase. Norges Bank acquired a new position in Wells Fargo & Company during the fourth quarter worth $2,800,566,000. Therefore 0 are positive.

Wells Fargo started reducing its auto direct exposure since previous year. The firm earned "Neutral" rating on Tuesday, January 19 by Compass Point. On Friday, April 28 the stock rating was maintained by Vining Sparks with "Strong-Buy". The stock has "Buy" rating by Cantor Fitzgerald on Thursday, June 29. The rating was upgraded by Sandler O'Neill to "Buy" on Wednesday, September 2. Raymond James downgraded Wells Fargo & Co (NYSE:WFC) on Tuesday, October 4 to "Underperform" rating.

"The basic view, which they've been pretty clear about, is that loan growth will be unfavorable for next 2 to 3 quarters", stated Brian Foran, an analyst at Autonomous Research. Vetr upgraded Wells Fargo & Co from a "sell" rating to a "hold" rating and set a $55.28 price objective on the stock in a report on Tuesday, March 21st. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/07/14/enterprise-financial-services-corp-reduces-position-in-wells-fargo-co-wfc.html. Another trade for 9,050 shares valued at $499,108 was made by SARGENT RONALD on Friday, May 5. Gradient Investments LLC now owns 2,494 shares of the financial services provider's stock worth $139,000 after buying an additional 921 shares in the last quarter. Finally, Deutsche Bank AG reiterated a "buy" rating on shares of Wells Fargo & Company in a research note on Monday, July 3rd. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $1.01 by $0.06. The stock has a market capitalization of $277.85 billion, a P/E ratio of 13.90 and a beta of 0.96. $1.04M worth of Wells Fargo & Co (NYSE:WFC) shares were sold by Loughlin Michael J.

Investors sentiment decreased to 0.67 in 2016 Q4. Its down 0.06, from 1.08 in 2016Q3. It worsened, as 112 investors sold WFC shares while 836 reduced holdings. 149 funds opened positions while 487 raised stakes.

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Citi, which did better than JPM in bond trading, was off 0.9 percent. Atlantic Trust Grp Limited Liability Corporation owns 3.53 million shares or 1.29% of their USA portfolio.

WARNING: This piece was originally reported by Sports Perspectives and is owned by of Sports Perspectives. Greenwood Gearhart reported 1.67% in Wells Fargo & Co (NYSE:WFC). Moreover, Trexquant Invest LP has 0.28% invested in Wells Fargo & Co (NYSE:WFC). Connable Office invested in 0.8% or 63,241 shares. UBS initiated Wells Fargo & Co (NYSE:WFC) on Thursday, March 24 with "Sell" rating.

On June 28, the Federal Reserve Board approved the capital plans of 34 national and regional banks. Aspiriant Lc reported 60,970 shares. That dip, however, was more than offset by income growth for its wholesale banking and wealth-management arms. Brinker Cap holds 11,232 shares or 0.01% of its portfolio. Sii Invests Inc Wi holds 169,673 shares or 0.7% of its portfolio. Alliancebernstein Limited Partnership has 27.70 million shares for 1.27% of their portfolio.

Shares of Wells Fargo were down 2.5% at $54.19, with a 52-week range of $43.55 to $59.99 and a consensus analyst target of $58.19. SELL rating has been given by 1 analyst (s) and 5 analyst (s) given BUY rating to the stock. Cantor Fitzgerald has "Buy" rating and $18 target.

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