Wells Fargo & Company (WFC) Earns "Buy" Rating from Citigroup Inc

Andrew Cummings
October 13, 2017

Wells Fargo & Company now has $276.29 billion valuation. About 35 shares traded. More interesting news about Wells Fargo & Co (NYSE:WFC) were released by: Bloomberg.com and their article: "Wells Fargo Directors Can't Duck Claims Over Fake Accounts" published on October 05, 2017 as well as Bloomberg.com's news article titled: "Wells Fargo's Home State Aims to Curb Use of Closed-Door Arbitration" with publication date: October 05, 2017. It has underperformed by 7.03% the S&P500. For the last period, the company reported quarter over quarter EPS growth of 6.10% and quarter over quarter sales growth of 11.90%. LINC's profit would be $247,210 giving it 58.25 P/E if the $0.01 EPS is correct. About shares traded. The Carlyle Group LP (NASDAQ:CG) has risen 10.76% since October 13, 2016 and is uptrending.

Since May 5, 2017, it had 1 buying transaction, and 3 insider sales for $3.93 million activity. The insider Mack Mary T sold $2.05M. Wells Fargo & had a return on equity of 12.65% and a net margin of 23.25%. It also reduced United Technologies (NYSE:UTX) stake by 5,932 shares and now owns 13,852 shares. Nucor Corp (NYSE:NUE) was reduced too.

Wells Fargo & Company (WFC) share price jumped 0.09% to $55.66 in the last trading session. Therefore 41% are positive.

In terms of earnings per share, 28 analysts have a 1.04 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 20 analysts have a 1.00 EPS mean target and for the quarter ending Mar-18 there are 29 estimates of 4.14 EPS. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. (NASDAQ:INFN) earned "Neutral" rating by Piper Jaffray on Thursday, January 19. Vetr upgraded Wells Fargo & to a "strong-buy" rating in a research report on Thursday, September 7th.

Looking at the stock's movement on the chart, Wells Fargo & Company have shares float of 0.64%.

Wells Fargo & (NYSE:WFC) last posted its quarterly earnings results on Friday, July 14th. RBC Capital Markets maintained Wells Fargo & Co (NYSE:WFC) on Thursday, June 22 with "Buy" rating. Jefferies initiated the stock with "Buy" rating in Friday, November 18 report.

Investors sentiment increased to 0.88 in 2017 Q2. Its down 0.30, from 0.88 in 2017Q1.

WFC's Sr. Executive Vice President Pelos Petros G Sell 24708 shares of the company at a price of $54.07 on 2017-06-12. 110 funds opened positions while 566 raised stakes. Sheets Smith Wealth Management holds 31,219 shares or 0.46% of its portfolio. 360,957 are held by Robeco Institutional Asset Management Bv. Johnson Investment Counsel reported 129,700 shares. South Dakota Council owns 129,800 shares. Klingenstein Fields Company Ltd Liability has invested 0.13% in Wells Fargo & Co (NYSE:WFC). The relative volume of the stock is 0.72. SARGENT RONALD also bought $499,108 worth of Wells Fargo & Co (NYSE:WFC) shares. Cibc Asset owns 0.21% invested in Wells Fargo & Co (NYSE:WFC) for 540,340 shares. 123,175 are owned by Kentucky Retirement Systems Ins Trust Fund. 15,500 are held by Quantres Asset Mngmt. Private Wealth Inc accumulated 0.52% or 22,048 shares. Vanguard invested in 0% or 2.93M shares. $1.04 million worth of Wells Fargo & Co (NYSE:WFC) was sold by Hardison Hope A. on Tuesday, May 16. Horseman Cap Ltd has invested 1.75% of its portfolio in Wells Fargo & Co (NYSE:WFC).

Among 2 analysts covering Invacare Corporation (NYSE:IVC), 2 have Buy rating, 0 Sell and 0 Hold. CR Bard had 30 analyst reports since August 27, 2015 according to SRatingsIntel. The firm has "Equal Weight" rating by Stephens given on Wednesday, April 5. On Monday, August 15 the stock rating was maintained by Citigroup with "Neutral".

On September 28 Nomura held the company rating at "Buy" and raised the price expectation to $65.00 from $51.00. The firm has "Hold" rating by Stifel Nicolaus given on Friday, September 30. Today's milestone comes after the bank =stock took a sharp bounce off its 40-week moving average in early September - a trendline that served as resistance in 2016, but now appears to have switched to a more supportive role. The rating was maintained by KeyBanc Capital Markets on Tuesday, September 26 with "Buy". (NASDAQ:INFN) has "Buy" rating given on Friday, February 10 by Instinet.

The Carlyle Group L.P.is a diversified multi-product global alternative asset management firm. The company has a market cap of $274.06 billion, a PE ratio of 13.60 and a beta of 0.97.

Other reports by iNewsToday