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

Wells Fargo & Co (NYSE:WFC) last released its quarterly earnings results on Friday, January 13th. Davis Selected Advisers now owns 26,425,695 shares of the financial services provider's stock valued at $1,456,320,000 after buying an additional 232,344 shares during the last quarter. Palisades Hudson Asset Mngmt Ltd Partnership has invested 0.28% in Wells Fargo & Co (NYSE:WFC). Investment Management of Virginia LLC boosted its stake in Wells Fargo & Co by 12.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,412,351 shares of the financial services provider's stock valued at $461,059,000 after buying an additional 38,773 shares during the last quarter. Campbell Newman Asset Management Inc acquired 38,303 shares as Wells Fargo & Co. It provides other financial services through its subsidiaries engaged in various businesses, including wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing services, investment advisory services, mortgage-backed securities servicing and venture capital investment. Sharkey Howes & Javer increased its stake in Wells Fargo & Co by 0.7% in the third quarter. About 63,350 shares traded. Finally, Notis McConarty Edward increased its stake in Wells Fargo & Co by 0.3% in the third quarter. Sarasin & Partners LLP now owns 2,210,545 shares of the financial services provider's stock valued at $97,883,000 after buying an additional 813,072 shares during the period.

Wells Fargo & Company (WFC) belongs to the "Financial" sector with an industry focus on "Money Center Banks", with Mr. Timothy J. Sloan as Chief Exec. Officer, Pres and Director. Over the 52-week time span, the stock notched a high price of $59.99 and its minimum price was $43.55. The stock's price-to-book ratio is 1.55 and the forward price-to-earnings (P/E) ratio is 13.58.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 6.06%, and has a poor year to date (YTD) performance of -1.06% which means the stock is constantly subtracting to its value from the previous fiscal year end price. Wells Fargo & Co also was the target of unusually large options trading activity on Tuesday.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The stock exchanged hands with 28.09 million shares contrast to its average daily volume of 16.53 million shares.

Wells Fargo & Company (NYSE:WFC) share price decreased in the last trading session with a previous 52-week high of $59.99. The financial services provider reported $0.96 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.00 by $0.04. Presently, it has a Return on Equity (ROE) of -12.00% and Return on Investment (ROI) of 5.10%. The company had revenue of $21.60 billion for the quarter. For the same quarter a year ago, the Company had the consensus EPS forecast of $1.35.

Previously on 04/11/2017, Piper Jaffray reported about Wells Fargo & Co (NYSE:WFC) upped the target price from $0.00 to $55.00 that suggested an upside of 0.02%. If you are reading this article on another website, it was stolen and republished in violation of worldwide copyright laws. The original version of this story can be accessed at https://baseballnewssource.com/markets/round-hill-asset-management-purchases-shares-of-33475-wells-fargo-co-wfc/594550.html.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered shares of Wells Fargo & Co from a buy rating to a hold rating in a research note on Saturday, December 31st. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have given a buy rating to the company's stock.

The stock subtracted in the prior trading session by -0.7%, closing at the stock price of $54.16.

In other news, insider David M. Carroll sold 117,704 shares of Wells Fargo & Co stock in a transaction that occurred on Friday, March 3rd.

  • Zachary Reyes