Wells Fargo & Company (NYSE:WFC): Institutional Investors Are Worried

Wells Fargo & Company (NYSE:WFC) Logo

Sentiment for Wells Fargo & Company (NYSE:WFC)

Wells Fargo & Company (NYSE:WFC) institutional sentiment decreased to 0.71 in Q2 2019. Its down -0.15, from 0.86 in 2019Q1. The ratio fall, as 508 institutional investors opened new or increased equity positions, while 714 decreased and sold their holdings in Wells Fargo & Company. The institutional investors in our partner’s database now possess: 3.38 billion shares, up from 3.29 billion shares in 2019Q1. Also, the number of institutional investors holding Wells Fargo & Company in their top 10 equity positions decreased from 77 to 74 for a decrease of 3. Sold All: 72 Reduced: 642 Increased: 408 New Position: 100.

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company has market cap of $214.71 billion. The Company’s Community Banking segment offers checking, savings, market rate, and individual retirement accounts, as well as time deposits and remittances; and lines of credit, automobile floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards. It has a 10.06 P/E ratio. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, merchant payment processing, and private label financing solutions, as well as purchases retail installment contracts.

The stock increased 0.16% or $0.08 during the last trading session, reaching $48.73. About 18.39M shares traded. Wells Fargo & Company (NYSE:WFC) has declined 17.23% since September 13, 2018 and is downtrending. It has underperformed by 17.23% the S&P500.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on October, 11. They expect $1.19 earnings per share, up 5.31 % or $0.06 from last year’s $1.13 per share. WFC’s profit will be $5.24B for 10.24 P/E if the $1.19 EPS becomes a reality. After $1.30 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts -8.46 % negative EPS growth.

Daily Journal Corp holds 50.26% of its portfolio in Wells Fargo & Company for 159.18 million shares. Theleme Partners Llp owns 10.33 million shares or 23.7% of their US portfolio. Moreover, American Assets Inc has 21.88% invested in the company for 1.75 million shares. The Bahamas-based Holowesko Partners Ltd. has invested 10.57% in the stock. Brandywine Trust Co, a Delaware-based fund reported 307,974 shares.

Wells Fargo & Company (NYSE:WFC) Ratings Coverage

Ratings analysis reveals 14% of Wells Fargo & Co’s analysts are positive. Out of 7 Wall Street analysts rating Wells Fargo & Co, 1 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $4600 while the high is $63. The stock’s average target of $51.56 is 5.81% above today’s ($48.73) share price. WFC was included in 22 notes of analysts from March 19, 2019. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, April 15. The rating was maintained by Barclays Capital on Monday, April 15 with “Overweight”. The firm earned “Hold” rating on Tuesday, May 21 by Deutsche Bank. The stock of Wells Fargo & Company (NYSE:WFC) has “Hold” rating given on Monday, April 15 by Deutsche Bank. JP Morgan maintained Wells Fargo & Company (NYSE:WFC) on Tuesday, July 9 with “Underweight” rating. The firm has “Neutral” rating given on Monday, April 15 by Buckingham Research. The company was downgraded on Friday, March 29 by Deutsche Bank. Buckingham Research maintained it with “Neutral” rating and $4700 target in Wednesday, July 17 report. The stock has “Buy” rating by UBS on Wednesday, July 17. The rating was maintained by BMO Capital Markets on Monday, April 15 with “Market Perform”.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Finance.Yahoo.com which released: “Have Insiders Been Selling Wells Fargo & Company (NYSE:WFC) Shares? – Yahoo Finance” on June 14, 2019, also Nasdaq.com with their article: “Should You Buy Bank of America Stock Today? – Nasdaq” published on September 10, 2019, Finance.Yahoo.com published: “Wells Fargo Donates $600,000 for Revitalization Efforts in Los Angeles County – Yahoo Finance” on September 13, 2019. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Finance.Yahoo.com and their article: “Hedge Funds’ Most-Bought Stocks Last Quarter – Yahoo Finance” published on August 26, 2019 as well as Csrwire.com‘s news article titled: “Homeownership in Dallas-Fort Worth to Get $6.6 Million Boost – CSRwire.com” with publication date: August 28, 2019.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.