Round Hill Asset Management Purchases Shares of 33475 Wells Fargo & Co

Kristopher Drake
April 13, 2017

Based on the brokers price target of 55, this means Piper Jaffray believes there is a potential increase of 2.38% from the current stock price of 53.72.

WFC has been the subject of several other research reports. Wells Fargo & Co makes up 1.1% of Round Hill Asset Management's portfolio, making the stock its 23rd largest position.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Wells Fargo & Company the EPS stands at 1.03 for the previous quarter, while the analysts predicted the EPS of the stock to be 1, suggesting the stock exceeded the analysts' expectations.

In the prior 12 months Wells Fargo & Company's stock price has increased by 15.41% from 46.33 to 53.47. Finally, Robert W. Baird reissued a "buy" rating and issued a $58.00 target price on shares of Wells Fargo & Co in a research note on Tuesday, January 10th. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have assigned a buy rating to the stock. Janney Capital upgraded the stock to "Buy" rating in Monday, March 20 report. The company has a market cap of $272.88 billion, a P/E ratio of 13.67 and a beta of 0.98. A stock ATR is the difference between the high and low price on any given day. Wells Fargo & Co (NYSE:WFC) has risen 8.34% since September 6, 2016 and is uptrending.

The company has been one of the biggest innovators in "Money Center Banks" employing approximately 269100 full time employees. Investors bought 36,842 put options on the stock.

Wells Fargo & Co (NYSE:WFC) last announced its earnings results on Friday, January 13th.

She estimates revenue will come in flat year over year, at $22 billion.

Analysts await Wells Fargo & Co (NYSE:WFC) to report earnings on April, 13 before the open. For the last period, the company reported quarter over quarter EPS growth of -4.50% and quarter over quarter sales growth of 11.20%. They expect $0.97 earnings per share, down 2.02% or $0.02 from last year's $0.99 per share. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.03 on scale of 1-5. If you are viewing this story on another domain, it was stolen and republished in violation of USA and global trademark and copyright law.

While taking an overview of recommendation trends, the stock now has an average brokerage recommendation of 2.50. MA purchased a new stake in Wells Fargo & Co during the fourth quarter worth $372,000.

After a recent look, shares have been seen 4.58% from the 200-day moving average, and -6.32% from the 50-day moving average. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of other large investors have also recently modified their holdings of WFC. Longview Partners Guernsey LTD boosted its stake in shares of Wells Fargo & Co by 2.0% in the third quarter. Toronto Dominion Bank now owns 313,675 shares of the financial services provider's stock valued at $13,904,000 after buying an additional 100,182 shares during the period.

Shares of Wells Fargo & Co (NYSE:WFC) opened at 54.16 on Wednesday. The stock appeared -9.72% below its 52-week highs and is down -1.88% for the last five trades. Ashfield Prtnrs Ltd invested 0.59% of its portfolio in Wells Fargo & Co (NYSE:WFC). Gould Asset Management LLC CA now owns 8,711 shares of the financial services provider's stock valued at $480,000 after buying an additional 50 shares in the last quarter. Barton Inv Management reported 0.16% in Wells Fargo & Co (NYSE:WFC). Strong Sell. Investors might also notice that two months ago the Buy recommendations (2) outnumbered Sell recommendations (0). Highland Capital Ltd Liability holds 0.85% in Wells Fargo & Co (NYSE:WFC) or 183,344 shares. It has three operating divisions: Community Banking, Wholesale Banking, and Wealth and Investment Management.

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