Arena has granted the underwriters a 30 day option to purchase up to 9,000,000 additional shares of common stock. Instinet's target price points to a potential upside of 22.02% from the company's current price. Guggenheim upgraded the shares of WFC in report on Wednesday, July 29 to "Buy" rating.
Wells Fargo & Company (NYSE:WFC) had an increase of 5.62% in short interest. The forecast of 11 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Deutsche Bank maintained the shares of DD in report on Tuesday, October 6 with "Buy" rating.
I.G. Investment Management LTD. lowered its position in shares of Wells Fargo & Co (NYSE:WFC) by 45.4% during the fourth quarter, Holdings Channel reports.
The number of shares traded in the last trading session was 31.87 Million. The stock's 50 day moving average is $56.43 and its 200 day moving average is $53.53. The firm has a market capitalization of $262.08 billion, a price-to-earnings ratio of 13.11 and a beta of 0.98. Wells Fargo & Co has a 12 month low of $43.55 and a 12 month high of $59.99. The financial services provider reported $1.00 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.97 by $0.03. Wells Fargo & Co (NYSE:WFC) has risen 8.21% since September 9, 2016 and is uptrending. The firm had revenue of $22 billion for the quarter, compared to analyst estimates of $22.25 billion. During the same quarter in the previous year, the company earned $0.99 earnings per share. The business's quarterly revenue was down.9% compared to the same quarter past year.
COPYRIGHT VIOLATION WARNING: "Wells Fargo & Co's (WFC) Buy Rating Reiterated at Instinet" was reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright and trademark law. Sard Verbinnen, a public relations firm which represents the Wells Fargo board of directors, did not immediately respond to inquiries. Credit Suisse Downgrades the company's stock to Neutral on 2/16/17 with no specific Price Target. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 stock was purchased at an average cost of $51.65 per share, with a total value of $2,014,350.00. The disclosure for this sale can be found here. It worsened, as 112 investors sold WFC shares while 836 reduced holdings. Wells Fargo's (WFC) new CEO and its chairman together bought $5 million worth of stock on Monday, just days after shares skidded on mixed earnings results.Wells Fargo (NYSE:WFC)'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. Coconut Grove Bank raised its stake in shares of Wells Fargo & Co by 54.9% in the third quarter. DE now owns 78,401 shares of the financial services provider's stock worth $3,472,000 after buying an additional 1,677 shares during the period. Integrated Wealth Counsel LLC boosted its stake in shares of Wells Fargo & Co by 17.8% in the third quarter. Gradient Investments LLC now owns 2,494 shares of the financial services provider's stock valued at $139,000 after buying an additional 921 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Wells Fargo & Co by 1.2% in the fourth quarter. Integrated Wealth Counsel LLC now owns 2,408 shares of the financial services provider's stock worth $107,000 after buying an additional 363 shares in the last quarter. Hedge funds and other institutional investors own 73.25% of the company's stock.
Now the P/E of Wells Fargo & Company stands at 13.19.
"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. It has three operating divisions: Community Banking, Wholesale Banking, and Wealth and Investment Management.