Analysts at Barclays Kept the Same their Past ‘Overweight’ rating on Shares Wells Fargo (NYSE:WFC), Set a $66 Target Price

April 17, 2018 - By Robert Sims

Wells Fargo & Company (NYSE:WFC) Logo

Investors sentiment increased to 0.75 in 2017 Q4. Its up 0.02, from 0.73 in 2017Q3. It improved, as 63 investors sold Wells Fargo & Company shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported.

Vident Invest Advisory owns 4,124 shares or 0.01% of their US portfolio. Benedict reported 0.16% of its portfolio in Wells Fargo & Company (NYSE:WFC). Wg Shaheen And Assoc Dba Whitney And reported 1.2% of its portfolio in Wells Fargo & Company (NYSE:WFC). Longview Ptnrs (Guernsey), Guernsey-based fund reported 17.25 million shares. North Dakota-based Viking Fund Mngmt has invested 0.31% in Wells Fargo & Company (NYSE:WFC). 32,000 are owned by Yorktown Management Rech. Waldron Lp has invested 0.16% in Wells Fargo & Company (NYSE:WFC). Private Tru Na, a Ohio-based fund reported 73,722 shares. Roof Eidam & Maycock Adv holds 0.1% in Wells Fargo & Company (NYSE:WFC) or 3,400 shares. Vgi Prtn Pty Ltd accumulated 4.22% or 480,812 shares. Lazard Asset Mgmt Ltd Co holds 897,093 shares. Community & Invest Communications stated it has 155,340 shares. Orca Investment Mgmt Ltd Liability Corporation reported 27,785 shares stake. Cibc Comml Bank Usa accumulated 31,364 shares. Huntington Financial Bank accumulated 504,435 shares.

Since November 17, 2017, it had 0 insider buys, and 1 insider sale for $292,234 activity.

Wells Fargo (NYSE:WFC) Rating Reaffirmed

Barclays now has a $66 TP on the $248.01 billion market cap company or 29.72 % upside potential. In a research note revealed to clients and investors on Monday morning, Wells Fargo (NYSE:WFC) shares have had their Overweight Rating reiterated by analysts at Barclays.

Investors sentiment increased to 0.75 in 2017 Q4. Its up 0.02, from 0.73 in 2017Q3. It improved, as 63 investors sold Wells Fargo & Company shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported.

Vident Invest Advisory owns 4,124 shares or 0.01% of their US portfolio. Benedict reported 0.16% of its portfolio in Wells Fargo & Company (NYSE:WFC). Wg Shaheen And Assoc Dba Whitney And reported 1.2% of its portfolio in Wells Fargo & Company (NYSE:WFC). Longview Ptnrs (Guernsey), Guernsey-based fund reported 17.25 million shares. North Dakota-based Viking Fund Mngmt has invested 0.31% in Wells Fargo & Company (NYSE:WFC). 32,000 are owned by Yorktown Management Rech. Waldron Lp has invested 0.16% in Wells Fargo & Company (NYSE:WFC). Private Tru Na, a Ohio-based fund reported 73,722 shares. Roof Eidam & Maycock Adv holds 0.1% in Wells Fargo & Company (NYSE:WFC) or 3,400 shares. Vgi Prtn Pty Ltd accumulated 4.22% or 480,812 shares. Lazard Asset Mgmt Ltd Co holds 897,093 shares. Community & Invest Communications stated it has 155,340 shares. Orca Investment Mgmt Ltd Liability Corporation reported 27,785 shares stake. Cibc Comml Bank Usa accumulated 31,364 shares. Huntington Financial Bank accumulated 504,435 shares.

Since November 17, 2017, it had 0 insider buys, and 1 insider sale for $292,234 activity.

Wells Fargo & Company (NYSE:WFC) Ratings Coverage

Among 23 analysts covering Wells Fargo (NYSE:WFC), 11 have Buy rating, 4 Sell and 8 Hold. Therefore 48% are positive. Wells Fargo has $76 highest and $5400 lowest target. $62.82’s average target is 23.47% above currents $50.88 stock price. Wells Fargo had 44 analyst reports since November 10, 2017 according to SRatingsIntel. J.P. Morgan downgraded Wells Fargo & Company (NYSE:WFC) on Monday, February 5 to “Sell” rating. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, January 4 report. Citigroup downgraded the shares of WFC in report on Monday, February 5 to “Hold” rating. Susquehanna maintained Wells Fargo & Company (NYSE:WFC) rating on Friday, April 13. Susquehanna has “Hold” rating and $5400 target. On Monday, March 26 the stock rating was maintained by Robert W. Baird with “Buy”. Bank of America maintained Wells Fargo & Company (NYSE:WFC) on Monday, February 5 with “Buy” rating. The firm has “Buy” rating given on Tuesday, January 2 by Robert W. Baird. Wood downgraded Wells Fargo & Company (NYSE:WFC) on Monday, February 5 to “Market Perform” rating. The firm has “Buy” rating by UBS given on Thursday, April 5. The stock has “Buy” rating by Nomura on Monday, February 5.

The stock increased 0.17% or $0.08 during the last trading session, reaching $50.88. About 11.92M shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 17, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company has market cap of $248.01 billion. The Company’s Community Banking segment offers checking, savings, market rate, and individual retirement accounts, as well as time deposits and remittances; and lines of credit, automobile floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards. It has a 12.15 P/E ratio. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, merchant payment processing, and private label financing solutions, as well as purchases retail installment contracts.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

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