Wells Fargo & Company (NYSE:WFC).
Vontobel Asset Management Inc says it lowered its stake in Wells Fargo & Company by 663,531 shares in a 13F filing with the SEC. Its investment stood at $246,000,000 a decrease of $41,185,000 as of the end of the quarter.
Other firms have also shifted positions in (WFC). As of the end of the quarter Gateway Investment Advisers LLC had disposed of 132,181 shares trimming its stake by 4.9%. The value of the company’s investment in Wells Fargo & Company decreased from $150,186,000 to $142,187,000 decreasing 5.3% since the last quarter. Pennsylvania Trust Co grew its ownership by buying 12,282 shares an increase of 7.1% as of 06/30/2017. Pennsylvania Trust Co controls 186,376 shares worth $10,335,000. The value of the position overall is up by 6.7%.
Narwhal Capital Management expanded its position by buying 21,450 shares an increase of 33.7% in the quarter. Narwhal Capital Management owns 85,035 shares with a value of $4,712,000. The total value of its holdings increased 33.1%.
On December 1 the company was set at “Neutral” in a report from Susquehanna which is down from the previous “Positive” rating. November 30 investment analysts at Deutsche Bank held the stock rating at “Buy” but raised the price expectation to $60.00 from $50.00.
On November 28, 2016 the stock rating was changed to a “Hold” according to a Jefferies report down from the previous “Buy” rating. BMO Capital downgraded the stock and lowered the price target on November 18 changing the price objective from $54.00 to $47.00 and moving the rating from “Market Perform” to “Underperform”.
On November 18 the stock rating was downgraded from “Market Perform” to “Underperform” and a price target of $47.00 was set by BMO Capital. On November 15, 2016 the stock rating was rated “Neutral” by Guggenheim which was a cut from the previous “” rating.
The company is trading unchanged by 0.00 percent from yesterday’s close. Wells Fargo & Company recently announced a dividend that was paid on Thursday the 1st of June 2017. The dividend payment was $0.380 per share for the quarter which comes to $1.52 on an annualized basis. This dividend represents a yeild of $2.73 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Wednesday the 3rd of May 2017.
It is currently trading at $55.04 which is marginally higher than $53.07, the stock’s 50 day moving average and just below the 200 day moving average of $55.18. The 50 day moving average went up $2.10 or +3.95% and the 200 day average moved down $-0.01.
Wells Fargo & Company currently has a P/E ratio of 13.79 and market capitalization is 275.70B. As of the latest earnings report the EPS was $4.00 and is estimated to be $4.14 for the current year with 4,997,317,000 shares now outstanding. Analysts expect next quarter’s EPS to be $1.06 and the next full year EPS is projected to be $4.52.