During Q4 2018 the big money sentiment decreased to 0.53. That’s change of 0.25, from 2018Q3’s 0.78. 101 investors sold all, 748 reduced holdings as Wells Fargo & Company ratio is negative. 337 grew positions while 113 funds amassed positions. Funds hold 3.41 billion shares thus 1.32% less from 2018Q3’s 3.46 billion shares.
Evercore Wealth Management Ltd Company owns 108,997 shs for 0.19% of their capital. Choate Invest Advsrs holds 0.14% or 45,667 shs. Pictet & Cie (Europe) Sa has invested 0.79% of its capital in Wells Fargo & Company (NYSE:WFC). Thompson Siegel Walmsley Limited Liability Company invested in 0.01% or 8,160 shs. 523,152 were accumulated by Nwq Investment Management Ltd Liability Corporation. 14,191 are held by Marshwinds Advisory. Moreover, Freestone Holding has 0.19% invested in Wells Fargo & Company (NYSE:WFC). Godshalk Welsh Capital Mgmt, a Pennsylvania-based fund reported 9,000 shs. Obermeyer Wood Counsel Lllp holds 22,887 shs or 0.11% of its capital. Rhumbline Advisers holds 0.74% or 7.39M shs. Caprock accumulated 0.28% or 26,313 shs. Louisiana-based Waters Parkerson And Company Ltd Liability Company has invested 0.27% in Wells Fargo & Company (NYSE:WFC). Hendershot Invs holds 0.07% in Wells Fargo & Company (NYSE:WFC) or 3,622 shs. Minnesota-based Palisade Asset Limited Co has invested 1.66% in Wells Fargo & Company (NYSE:WFC). Brown Brothers Harriman Company stated it has 3.23% of its capital in Wells Fargo & Company (NYSE:WFC).
Buckingham Research Downgraded Wells Fargo (NYSE:WFC)’s Rating to Neutral.
The rating downgrade and target price per share of Wells Fargo (NYSE:WFC) was issued on Monday morning. The is Neutral changed from Buy by Buckingham Research. The firm’s target price per share from today is $53.
Wells Fargo & Company (NYSE:WFC) Ratings Coverage
In total 8 analysts cover Wells Fargo (NYSE:WFC). “Buy” rating has 1, “Sell” are 0, while 7 are “Hold”. 13% are bullish. 16 are the (NYSE:WFC)’s analyst reports since December 7, 2018 according to StockzIntelligence Inc. On Monday, April 1 Wood downgraded the shares of WFC in report to “Market Perform” rating. On Monday, April 15 the stock of Wells Fargo & Company (NYSE:WFC) has “Overweight” rating given by Barclays Capital. The stock rating was downgraded by Deutsche Bank to “Hold” on Friday, March 29. The stock rating was downgraded by Buckingham Research to “Neutral” on Monday, April 15. In Friday, December 7 report Credit Suisse maintained it with “Neutral” rating and $60 target. On Monday, April 15 Morgan Stanley maintained the shares of WFC in report with “Equal-Weight” rating. On Wednesday, January 2 the stock has “Sector Perform” rating by RBC Capital Markets. On Monday, April 15 Deutsche Bank maintained the shares of WFC in report with “Hold” rating. On Monday, April 15 the firm has “Market Perform” rating given by BMO Capital Markets.
WFC is touching $46.77 during the last trading session, after increased 0.60%.Wells Fargo & Company is downtrending after having declined 12.56% since April 16, 2018. WFC has 33.77M volume or 48.09% up from normal. The stock underperformed the S&P 500 by 16.93%.
Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions.The company has $211.02 billion market cap. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.The P/E ratio is 10.35. The Company’s Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, merchant payment processing, institutional fixed-income sales, commodity and equity risk management, corporate trust fiduciary and agency, and investment banking services, as well as online/electronic products.
For more Wells Fargo & Company (NYSE:WFC) news released briefly go to: Seekingalpha.com, Seekingalpha.com, Benzinga.com, Fool.com or 247Wallst.com. The titles are as follows: “Wells Fargo Is Still Undervalued – Seeking Alpha” released on January 08, 2019, “Buying Season For A Wells Fargo Preferred – Seeking Alpha” on December 17, 2018, “Wells Fargo CEO Tim Sloan: Bank’s Culture Has ‘Substantially Improved’ (NYSE:WFC) – Benzinga” with a publish date: March 13, 2019, “Wells Fargo CEO Tim Sloan’s Million-Dollar Raise – Motley Fool” and the last “Do Multiple Analyst Downgrades Signal a Bottom for Wells Fargo? – 24/7 Wall St.” with publication date: April 15, 2019.
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