Bank regulator faults itself for missing Wells Fargo issues

Stock Jumping Abnormally High: Wells Fargo & Company (WFC)

Over the same time span, the stock marked US$59.99 as its best level and the lowest price reached was US$43.55. Hedge funds and other institutional investors own 73.25% of the company's stock. Argus Research Downgrades Wells Fargo & Company (WFC) to Hold with no specific Price Target. Equities research analysts predict that Wells Fargo & Co will post $4.20 earnings per share for the current fiscal year. Trent Capital Management Inc. For the past 5 years, the company's revenue has grown -3.3%, while the company's earnings per share has grown -4.1%. Longview Partners Guernsey LTD raised its position in shares of Wells Fargo & Co by 2.0% in the third quarter. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of -4.71%. Macquarie Research maintained Wells Fargo & Co (NYSE:WFC) on Friday, September 25 with "Underperform" rating.

Wells Fargo 's CEO Timothy Sloan scooped up almost 40,000 shares in the bank valued at $2 million, according to a filing with the Securities and Exchange Commission. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Finally, Cable Hill Partners LLC raised its stake in shares of Wells Fargo & Co by 10.5% in the third quarter. Arrowpoint Asset Management LLC's holdings in Wells Fargo & Co were worth $16,275,000 at the end of the most recent reporting period. Rocky Mountain Advisers LLC increased its stake in shares of Wells Fargo & Co by 117.6% in the fourth quarter.

In the last Quarter, Wells Fargo & Company (WFC) reported its Actual EPS of $1.03/share. Teachers Advisors LLC now owns 11,122,633 shares of the financial services provider's stock worth $612,968,000 after buying an additional 134,282 shares in the last quarter. Finally, Evercore ISI restated an "outperform" rating and issued a $64.00 price objective on shares of Wells Fargo & Co in a research report on Tuesday. Keefe Bruyette & Woods upgraded the shares of WFC in report on Tuesday, January 12 to "Outperform" rating. American Natl Registered Inv Advisor has invested 1.04% in Wells Fargo & Co (NYSE:WFC). The stock was sold at an average price of $59.02, for a total transaction of $6,946,890.08.

The number of shares traded in the last trading session was 31.87 Million. Wells Fargo & Co's revenue was down.9% compared to the same quarter a year ago. Zacks Investment Research raised shares of Wells Fargo & Co from a "hold" rating to a "buy" rating and set a $63.00 price target on the stock in a report on Thursday, December 29th. Wells Fargo & Co had a return on equity of 12.60% and a net margin of 23.30%. Bank of America Corp reaffirmed a "buy" rating and set a $50.00 price target on shares of Wells Fargo & Co in a research note on Wednesday, January 11th. Coconut Grove Bank increased its stake in shares of Wells Fargo & Co by 54.9% in the third quarter. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. During the same quarter in the previous year, the business earned $0.99 earnings per share. If you are reading this news story on another website, it was illegally copied and reposted in violation of global copyright & trademark laws. It worsened, as 112 investors sold Wells Fargo & Co shares while 836 reduced holdings. The correct version of this piece can be viewed at https://baseballnewssource.com/markets/stephen-w-sanger-buys-58342-shares-of-wells-fargo-co-wfc-stock-2/622402.html. The company's institutional ownership is monitored at 77.5 percent. The disclosure for this sale can be found here. He has served in the CEO role at the bank since October, and before that he was Wells Fargo's chief operating officer and president.

"States know best what is happening within our own unique borders", said Maria Vullo, superintendent of the New York State Department of Financial Services, at an event in Washington. At present, 6 analysts recommended Holding these shares while 1 recommended sell, according to FactSet data.

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