It operates in two divisions, Technology Solutions and Concentrix. The Steel Operations segment provides a range of sheet steel products, such as hot roll, cold roll, and coated steel products; structural steel beams and pilings to construction market; various rail products for the railroad industry; rounds, round-cornered squares, and round engineered bars; threaded rod products, and cold drawn and heat treated bars; angles, merchant rounds, flats and channels, and reinforcing bar; and beams, channels, and specialty steel sections.
More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Fool.com which released: "Better Buy: Wells Fargo & Company vs. Bank of America" on November 30, 2017, also Reuters.com with their article: "New York pension fund seeks more pay disclosure from Wells Fargo" published on December 07, 2017, Seekingalpha.com published: "Wells Fargo Will Outperform" on November 10, 2017.
The stock of Wells Fargo & Company (NYSE:WFC) reached all time high today, Dec, 7 and still has $64.24 target or 8.00 % above today's $59.48 share price. The Cypress Capital Group holds 36,041 shares with $2.00 million value, up from 22,241 last quarter. Wells Fargo & Company comprises 7.5% of Manitou Investment Management Ltd.'s portfolio, making the stock its 3rd largest holding.
WFC's overall volume in the last trading session was 26,577,677 shares.
Wells Fargo & Co (NYSE:WFC) last announced its quarterly earnings results on Thursday, April 13th. It has underperformed by 7.03% the S&P500.
Analysts await Baidu, Inc. (NASDAQ:STLD) to report earnings on January, 23. During the same period a year ago, the firm posted $0.99 earnings per share. WFC's profit will be $5.12B for 14.30 P/E if the $1.04 EPS becomes a reality. The business's quarterly revenue was down 1.8% compared to the same quarter last year. equities research analysts anticipate that Wells Fargo & Company will post 3.97 EPS for the current fiscal year.
Tracking some technical levels, shares are trading 9.70% away from the 50 day simple moving average and 22.76% off of the 200 day simple moving average. About 390,440 shares traded. It is down 15.44% since December 7, 2016 and is downtrending. It has outperformed by 13.23% the S&P500. The Valley National Advisers Inc holds 69,936 shares with $3.88M value, down from 76,433 last quarter. Hoplite Capital Management L.P. owns 2.36 million shares or 4.9% of their USA portfolio. Company insiders own 0.22% of the company's stock. The consensus recommendation provided by analysts is now 2.70. The lowest target is $31.0 while the high is $33.0. Ruane Cunniff & Goldfarb Inc sold 1.14 million shares as Baidu Inc (BIDU)'s stock rose 1.94%. STLD was included in 8 notes of analysts from August 19, 2016. The stock has a market capitalization of $288,315.47, a PE ratio of 14.14, a P/E/G ratio of 1.41 and a beta of 0.96. The stock has "Neutral" rating by Credit Suisse on Thursday, January 12. JP Morgan downgraded Wells Fargo & Company (NYSE:WFC) on Wednesday, September 21 to "Neutral" rating. The firm earned "Buy" rating on Friday, November 10 by Robert W. Baird.
Since June 8, 2017, it had 0 buys, and 1 insider sale for $1.34 million activity. The insider Mack Mary T sold $2.05 million. $1.34 million worth of Wells Fargo & Company (NYSE:WFC) was sold by Pelos Petros G on Monday, June 12. It last reported revenues of $7.68 billion and EPS of -$0.01 for the August 2017, representing -4% top-line growth and 0.01 EPS growth. Its down 0.54, from 1.88 in 2017Q1.
Several other hedge funds have also bought and sold shares of WFC. 110 funds opened positions while 566 raised stakes. Barrow Hanley Mewhinney And Strauss Lc holds 2.91% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 34.57M shares. Schwab Charles Investment Management Inc. now owns 14,919,302 shares of the financial services provider's stock valued at $826,679,000 after purchasing an additional 607,497 shares in the last quarter. Motco stated it has 0% in Wells Fargo & Company (NYSE:WFC). Atlantic Tru Gp Ltd Liability reported 3.45 million shares. California-based Personal Advsr has invested 0.64% in Wells Fargo & Company (NYSE:WFC). Van Cleef Asset Managementinc holds 0.15% or 9,286 shares in its portfolio. 5,854 are owned by Lincoln Ltd Liability Corporation. Somerville Kurt F invested 0.12% in Wells Fargo & Company (NYSE:WFC). Following the completion of the transaction, the chief executive officer now directly owns 754,581 shares in the company, valued at approximately $38,974,108.65. Nj State Employees Deferred Compensation Plan reported 100,000 shares. 479,225 were reported by White Pine Limited Liability. It also increased its holding in Johnson & Johnson (NYSE:JNJ) by 4,805 shares in the quarter, for a total of 60,635 shares, and has risen its stake in Chevron Corporation (NYSE:CVX). Vanguard Specialized Portfol (VIG) was reduced too. Goldman Sachs Group reiterated a "buy" rating on shares of Wells Fargo & Company in a research report on Wednesday, October 11th. Therefore 41% are positive.
Receive News & Ratings for Wells Fargo & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Co and related companies with MarketBeat.com's FREE daily email newsletter. BMO Capital Markets has "Hold" rating and $50.0 target. On Monday, October 16 the stock rating was maintained by UBS with "Neutral". The rating was downgraded by Lake Street on Friday, October 27 to "Hold". The rating was maintained by Guggenheim with "Buy" on Thursday, October 15. Becker Cap has 2.25% invested in Wells Fargo & Company (NYSE:WFC).