Wells Fargo & Company (NYSE:WFC).
Vontobel Asset Management Inc lowered its ownership in Wells Fargo & Company by 13.3% in its quarterly SEC filing. Its position stood at $246,000,000 a decrease of 14.3% as of the end of the quarter.
These firms have also modified their investment in WFC. As of quarter end Gateway Investment Advisers LLC had disposed of 132,181 shares trimming its stake by 4.9%. The value of the investment in WFC decreased from $150,186,000 to $142,187,000 a change of 5.3% quarter over quarter. Pennsylvania Trust Co added to its ownership by buying 12,282 shares an increase of 7.1% from 03/31/2017 to 06/30/2017. Pennsylvania Trust Co now controls 186,376 shares valued at $10,335,000. The value of the position overall is up by 6.7%.
Narwhal Capital Management augmented its holdings by buying 21,450 shares an increase of 33.7% in the quarter. Narwhal Capital Management currently owns 85,035 shares with a value of $4,712,000. The total value of its holdings increased 33.1%.
On December 1, 2016 the stock rating was changed to a “Neutral” according to a Susquehanna report a cut from the previous “Positive” rating. November 30 investment analysts at Deutsche Bank held the stock rating at “Buy” but raised the price target to $60.00 from $50.00.
On November 28 the company was downgraded from “Buy” to “Hold” by Jefferies. Equity analyst BMO Capital lowered the price target and downgraded the stock on November 18 changing the price target from $54.00 to $47.00 and setting the rating at “Underperform” which had previously been “Market Perform”.
On November 18 the stock rating was downgraded to “Underperform” from “Market Perform” with a current price target of $47.00 in a report issued by BMO Capital. On November 15 the company was rated “Neutral” by Guggenheim down from the previous “” rating.
The company is up from yesterday’s close of $55.04. Additionally the company recently declared a dividend for shareholders paid on Thursday the 1st of June 2017. The dividend payment was $0.380 per share for the quarter or $1.52 on an annualized basis. This dividend represents a yield of $2.73. The ex-dividend date was set for Wednesday the 3rd of May 2017.
It is trading at $55.05 which is slightly above the 50 day moving average which is $53.07 and a tad under the 200 day moving average of $55.18. The 50 day moving average moved up $2.10 and the 200 day average moved down $-0.01.
The most current P/E ratio is 13.79 and the market cap of the company is 275.70B. In the last earnings report the EPS was $4.00 and is expected to be $4.14 for the current year with 4,997,317,000 shares now outstanding. Next quarter’s EPS is estimated at $1.06 with next year’s EPS projected to be $4.52.