Q4 2017 EPS Estimates for Wells Fargo & Co (WFC) Increased by Analyst

Wells Fargo & Co (WFC) Forecasted to Earn FY2017 Earnings of $4.00 Per Share

The institutional investor held 82,562 shares of the major banks company at the end of 2017Q2, valued at $4.58 million, down from 90,838 at the end of the previous reported quarter.

Raffles Associates Lp increased Wells Fargo Co New (WFC) stake by 8.02% reported in 2017Q2 SEC filing.

About 8,014 shares traded.

Let's have a look at some of the important valuation ratios of the Wells Fargo & Company (WFC). It has underperformed by 7.03% the S&P500. As per Thursday, June 1, the company rating was maintained by Keefe Bruyette & Woods. The company had revenue of $21.93 billion during the quarter, compared to analysts' expectations of $22.30 billion. The stock declined 0.11% or $0.06 reaching $54.86 on the news. The Gap, Inc. has 391.58 million shares outstanding, and in the last trade has seen ATR around 0.8. It has underperformed by 8.64% the S&P500.

Among 13 analysts covering Nisource Inc. Therefore 41% are positive. United Bankshares Inc. had 7 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Wells Fargo & Co (NYSE:WFC) has "Hold" rating given on Wednesday, April 12 by Sandler O'Neill. The stock has "Outperform" rating by RBC Capital Markets on Friday, October 16. UBS reinitiated it with "Neutral" rating and $58 target in Wednesday, January 11 report. As per Monday, May 29, the company rating was maintained by Stifel Nicolaus. The company was maintained on Friday, October 6 by RBC Capital Markets. On Tuesday, September 20 the stock rating was upgraded by Morgan Stanley to "Overweight". As per Thursday, September 28, the company rating was maintained by Nomura. (NYSE:NI) to report earnings on November, 7. Insider ownership during the latest quarter decreased by a net of 27386 shares, indicating that WFC's key executives are feeling more bearish about the stock than they did three months ago. NI's profit will be $19.56M for 111.08 P/E if the $0.06 EPS becomes a reality. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.01 by $0.02.

Investors sentiment increased to 2.33 in 2017 Q2. Its up 0.12, from 0.76 in 2017Q1. 68 funds opened positions while 179 raised stakes. (NASDAQ:UBSI). Utd Fincl Advisers Llc reported 244,475 shares. 364,525 were reported by Crawford Invest Counsel Inc. (NYSE:NI). Bnp Paribas Arbitrage Sa holds 141,197 shares. Prologis Inc now has $34.24 billion valuation. Fort Point Capital Prtn Ltd Liability holds 0.13% or 4,328 shares in its portfolio. 78,361 were accumulated by Bluecrest Mgmt Limited. Hanson Mcclain Inc owns 0% invested in Prologis Inc (NYSE:PLD) for 65 shares. First Mercantile Tru Com reported 2,346 shares. Daiwa Sb Investments Limited holds 310 shares. Retirement Of Alabama holds 546,326 shares or 0.17% of its portfolio.

Since May 11, 2017, it had 0 insider buys, and 4 sales for $2.19 million activity. 9,424,641 shares of the stock were exchanged. $180,864 worth of NiSource Inc. 38,550 NiSource Inc. (NYSE:NI) shares with value of $934,912 were sold by Sistovaris Violet. Therefore 67% are positive. The company was upgraded on Wednesday, April 26 by Guggenheim. The stock has "Buy" rating by RBC Capital Markets on Wednesday, August 30. The firm has "Buy" rating by Jefferies given on Monday, October 10. (NASDAQ:UBSI) earned "Hold" rating by Boenning & Scattergood on Thursday, July 27. Stifel Nicolaus maintained the shares of PLD in report on Monday, September 18 with "Buy" rating. The rating was maintained by Beaufort Securities with "Hold" on Friday, December 23. Finally, Buckingham Research restated a neutral rating and set a $62.00 price target (up previously from $60.00) on shares of Wells Fargo & in a research report on Monday, July 10th. 20,000 shares valued at $1.04M were sold by Hardison Hope A. on Tuesday, May 16. It also increased its holding in Ishares Tr (IWB) by 8,776 shares in the quarter, for a total of 146,479 shares, and has risen its stake in Mattel Inc (NASDAQ:MAT).

A number of other equities research analysts also recently weighed in on the stock.

Wells Fargo & Co (NYSE:WFC) last issued its quarterly earnings data on Friday, October 13th.

During the past 20 days, WFC has decreased -0.57% while the broad market has increased 2.57%. Its up 0.12, from 0.76 in 2017Q1. Bokf Na invested in 22,243 shares. 110 funds opened positions while 566 raised stakes. First Trust Lp holds 242,612 shares or 0.04% of its portfolio. Goelzer Invest Mgmt Inc accumulated 0.03% or 3,968 shares. Adell Harriman & Carpenter Incorporated stated it has 0% of its portfolio in Wells Fargo & Co (NYSE:WFC). Commonwealth Of Pennsylvania School Empls Retrmt Systems holds 0.28% or 334,142 shares in its portfolio. Edgemoor Inv Advsrs holds 0.11% in Wells Fargo & Co (NYSE:WFC) or 14,334 shares. Brick & Kyle Associates lifted its holdings in Wells Fargo & by 9.5% during the 1st quarter. Eagle Ridge Investment stated it has 0.16% of its portfolio in Wells Fargo & Co (NYSE:WFC). Hayek Kallen Invest Mngmt holds 0.32% in Wells Fargo & Co (NYSE:WFC) or 8,502 shares. The Central Asset Investments & Management Holdings Hk Ltd holds 133,800 shares with $3.25M value, up from 40,000 last quarter.

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