The Market Capitalization of the company stands at 265.91 Billion. Credit Suisse Group AG reiterated a hold rating and issued a $56.00 price target on shares of Wells Fargo & Co in a research note on Friday, March 3rd. In the last quarter, insiders bought 106,392 shares of company stock valued at $5,526,822. Looking at this figure it suggests that the shares of Wells Fargo & Company (WFC) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Wells Fargo & Company (WFC) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. It has underperformed by 7.03% the S&P500. Inc (GAM) by 45.47% based on its latest 2016Q4 regulatory filing with the SEC. The firm now has a buy rating on the financial services provider's stock. Another trade for 76,494 shares valued at $5.99M was sold by MERLO LARRY J. Brennan Troyen A had sold 23,849 shares worth $1.88M.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 0.62% with $4.99 Billion sitting short, betting on future declines. About shares traded. Intellia Therapeutics Inc (NASDAQ:NTLA) has declined 46.16% since May 25, 2016 and is downtrending. About shares traded. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since May 25, 2016 and is uptrending. It has outperformed by 26.68% the S&P500. This increase is typical for the uptrend and shows the considerable optimism among investors. Its down 0.05, from 1.17 in 2016Q3. 9 funds opened positions while 30 raised stakes. It also reduced Arch Capital Group Ltd (NASDAQ:ACGL) stake by 10,050 shares and now owns 8,950 shares. Rhenman And Partners Asset reported 0.06% stake.
Since March 3, 2017, it had 1 insider buy, and 2 selling transactions for $390.37 million activity. Commonwealth Fin Svcs Ltd Liability Corp owns 5,239 shares for 0.28% of their portfolio. Raymond James Assocs stated it has 418,312 shares. Alliancebernstein L.P., a New York-based fund reported 43,809 shares. Cfo4life L P, Texas-based fund reported 16,449 shares. Following the purchase, the director now owns 81 shares of the company's stock, valued at $4,467.15. Next Finance accumulated 1,000 shares. Sq Lc invested in 10,164 shares.
Stock of GNC Holdings, Inc.
Another recent and important General American Investors Co. Inc. Oakwood Capital Mngmt Ltd Com Ca has invested 0.78% of its portfolio in Southern Co (NYSE:SO). It is down 43.38% since May 25, 2016 and is uptrending. The insider BERKSHIRE HATHAWAY INC sold $383.92 million. 1,000 shares were sold by TRUST FBO ALTSCHUL EMILY H UAD 12 15 72, worth $33,359. ALTSCHUL ARTHUR G JR sold 3,700 shares worth $123,787.
Analysts await Wells Fargo & Co (NYSE:WFC) to report earnings on July, 21. WFC's profit will be $5.17 billion for 12.77 P/E if the $1.04 EPS becomes a reality. The financial services provider reported $1.00 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.97 by $0.03. Osborn Williams & Donohoe LLC now owns 126,879 shares of the financial services provider's stock valued at $7,062,000 after buying an additional 2,150 shares during the last quarter.
Wells Fargo & Company (WFC) is an interesting player in the Financial space, with a focus on Money Center Banks. Inc. decreased its position in Wells Fargo & Co (NYSE:WFC) by 3.6% during the first quarter, according to its most recent Form 13F filing with the SEC. Wells Fargo & Co New now has $267.21B valuation.
Investors sentiment decreased to 0.67 in 2016 Q4. Its up 0.90, from 0.64 in 2016Q3. It is negative, as 112 investors sold WFC shares while 836 reduced holdings. InterOcean Capital LLC increased its position in shares of Wells Fargo & Co by 0.9% in the fourth quarter. Denali Advisors LLC boosted its position in shares of Wells Fargo & Co by 19.2% in the first quarter. Waters Parkerson Limited Liability reported 65,466 shares. 683,354 were reported by Millennium Mgmt Limited Company. Fort Washington Advsrs Oh holds 0.42% or 451,789 shares. Moreover, State Of Tennessee Treasury Department has 0.96% invested in Wells Fargo & Co (NYSE:WFC) for 3.29 million shares. Rocky Mountain Advisers LLC boosted its position in shares of Wells Fargo & Co by 117.6% in the fourth quarter. Weatherly Asset Mngmt Limited Partnership holds 2.08% or 118,494 shares in its portfolio. Asset Management One Co. Burke And Herbert National Bank And Commerce has 25,061 shares for 1.25% of their portfolio. Old Point Tru And Svcs N A accumulated 0.58% or 17,459 shares. Parametric Portfolio Assocs Limited Liability Co invested in 8.88M shares or 0.68% of the stock. Yorktown Management And Com owns 27,000 shares. Moreover, Central Bank & Trust Co has 0.01% invested in the company for 2,500 shares.
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