Wells Fargo & Company (NYSE:WFC).
Omers Administration Corp reports that it increased its investment in Wells Fargo & Company shares by 308,700 shares as reported in a filing on 11/15/2017. Its stake was valued at $331,091,000 an increase of 4.9% as of the end of the quarter.
The following firms have recently changed their position in WFC. Basswood Capital Management, L.l.c. expanded its investment by buying 300,756 shares an increase of 24.7% in the quarter. Basswood Capital Management, L.l.c. now controls 1,516,715 shares worth $83,647,000. The total value of its holdings increased 24.1%. As of the end of the quarter Baird Financial Group, Inc. had sold a total of 124,978 shares trimming its position 6.5%. The value of the investment in Wells Fargo & Company went from $105,852,000 to $98,462,000 a change of $7,390,000 quarter to quarter.
Thomaspartners, Inc. added to its position by buying 165,001 shares an increase of 3.2%. Thomaspartners, Inc. now holds 5,390,969 shares with a value of $297,312,000. The value of the position overall is up by 2.7%.
October 16 investment analysts at Keefe, Bruyette & Woods kept the company rating at “Buy” with a current price target of $59.00. BMO Capital Markets raised the price target of the stock on October 16 boosting the projection from $49.00 to $50.00 with a rating of “Market Perform”.
Equity analyst Piper Jaffray Companies issued a report on WFC and giving a rating of “Hold” and a price target of $50.00. On October 11, 2017 Goldman Sachs Group, Inc. (The) reiterated a “Buy” rating on the company.
On October 10 Credit Suisse Group maintained a company rating of “Hold” targeting a price of $57.00. On October 9 Citigroup left the company rating at “Buy” projecting a price of $65.00.
The company is now down by 0.83% since yesterday’s close of 54.03. The P/E ratio is currently 13.86 and market capitalization is 264.04B. In the last earnings report the EPS was $3.87 with 4.93B shares presently outstanding.
Traders are feeling more bullish on shares of Wells Fargo & Company lately looking at the motion in short interest. The firm recorded a fall in short interest of -4.95% as of the latest report on October 13, 2017. Short interest fell 1,475,838 over that timeframe. The short-interest ratio decreased to 2.0 and the short interest percentage is 0.01% as of October 13.