Were Analysts Bearish Wells Fargo & Co (NYSE:WFC) This Week?

It is 0.00% or $0 reaching $54.17 per share. The stock appeared $85.52 above its 52-week highs and is down -2.33% for the last five trades. The correct version of this piece of content can be viewed at https://weekherald.com/2017/07/24/bergankdv-wealth-management-llc-increases-position-in-wells-fargo-company-wfc.html. It has underperformed by 7.03% the S&P500. It also reduced its holding in Humana Inc (NYSE:HUM) by 57,851 shares in the quarter, leaving it with 3.56M shares, and cut its stake in Cypress Semiconductor Corp (NASDAQ:CY). American Intl Group Inc now has $59.37 billion valuation. The stock increased 0.94% or $0.35 on July 24, reaching $37.73. About 431,149 shares traded. It is down 10.35% since July 24, 2016 and is downtrending. It has underperformed by 32.92% the S&P500. Covington Capital Management invested 1.26% of its portfolio in Wells Fargo & Co (NYSE:WFC). Shares for $1.04 million were sold by Loughlin Michael J. Hardison Hope A. also sold $1.04 million worth of Wells Fargo & Co (NYSE:WFC) on Tuesday, May 16.

In related news, Director Ronald Sargent purchased 9,050 shares of the firm's stock in a transaction that occurred on Friday, May 5th. The insider BERKSHIRE HATHAWAY INC sold $383.92M. 24,708 shares were sold by Pelos Petros G, worth $1.34 million on Monday, June 12. The stock of Wells Fargo & Co (NYSE:WFC) has "Hold" rating given on Monday, April 11 by Sandler O'Neill. Therefore 42% are positive.

Wells Fargo Income Opportunities Fund (the Fund), formerly Wells Fargo Advantage Income Opportunities Fund, is a diversified closed-end management investment company. More interesting news about Wells Fargo & Co (NYSE:WFC) were released by: Seekingalpha.com and their article: "Wells Fargo Second Quarter Results: Buy More" published on July 20, 2017 as well as Marketwatch.com's news article titled: "Wells Fargo stock slips after profit beat but revenue miss" with publication date: July 14, 2017. The stock has "Neutral" rating by Guggenheim on Tuesday, November 15. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since July 24, 2016 and is uptrending. The stock has a market capitalization of $269.05 billion, a price-to-earnings ratio of 13.34 and a beta of 0.96. Hedge funds and other institutional investors own 76.00% of the company's stock. The stock of Wells Fargo & Co (NYSE:WFC) earned "Mkt Perform" rating by FBR Capital on Wednesday, October 19. Evercore maintained the shares of WFC in report on Wednesday, April 19 with "Outperform" rating. On Friday, July 7 the stock rating was maintained by Jefferies with "Hold". (NYSE:DUK) stake by 62,939 shares to 101,913 valued at $7.91 million in 2016Q4. It also reduced Harman Intl Inds Inc (NYSE:HAR) stake by 8,050 shares and now owns 44,050 shares. Moreover, Monarch Partners Asset Management Llc has 0.5% invested in the company for 188,762 shares. Its down 0.30, from 0.97 in 2016Q3. Rocky Mountain Advisers LLC raised its stake in shares of Wells Fargo & by 117.6% in the fourth quarter. Ferguson Wellman Capital Management has invested 0.16% in Wells Fargo & Co (NYSE:WFC). Sfe Inv Counsel stated it has 2.93% of its portfolio in Wells Fargo & Co (NYSE:WFC). Amp Cap Limited invested in 2.97M shares. Avalon Advisors Limited Liability Co reported 1.22% of its portfolio in Wells Fargo & Co (NYSE:WFC). (NYSE:URI) for 4,536 shares.

Currently, EPS of Wells Fargo & Company (WFC) is 1.07 while the analysts predicted the EPS of the stock to be 1.01 suggesting the company fell short of the analysts' expectations. Atwood & Palmer Inc.'s holdings in Wells Fargo & were worth $1,274,000 at the end of the most recent quarter.

Since January 1, 0001, it had 10 insider buys, and 0 sales for $34.90 million activity. First Tru Advsr Lp invested in 897,333 shares or 0.15% of the stock. Sentinel Asset Mgmt owns 613,000 shares or 0.84% of their U.S. portfolio. Henderson Gp Public Ltd Company invested in 0.55% or 1.37M shares. Aureus Asset Mgmt Limited Liability holds 5,400 shares. 2 funds opened positions while 4 raised stakes. The insider Mack Mary T sold $2.05 million. Basswood Mgmt Ltd Llc holds 457,658 shares or 0.58% of its portfolio. Mngmt reported 74,595 shares. Comerica Financial Bank has 57,637 shares for 0.02% of their portfolio. (NYSE:URI). Lord Abbett And Ltd reported 0.14% in United Rentals, Inc. The firm has "Sell" rating by BMO Capital Markets given on Friday, July 14. Therefore 72% are positive. Westport Innovations had 6 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned "Neutral" rating on Thursday, February 16 by Credit Suisse. The rating was maintained by Barclays Capital with "Overweight" on Tuesday, January 3.

Diamond Hill Capital Management Inc, which manages about $12.19 billion and $17.23 billion US Long portfolio, decreased its stake in Proassurance Corp. The firm has "Buy" rating given on Thursday, June 22 by Keefe Bruyette & Woods. Wells Fargo Utilities and High Incm Fund has a 52-week low of $11.20 and a 52-week high of $13.66.

Vanessa Coleman

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