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

Ashley Carr
April 13, 2017

Large investors have recently modified their holdings of the stock.

Shares of Southern Co (NYSE:SO) declined -0.74%, trading last session at $49.30 with a total trading volume of 9.54 million shares. Toronto Dominion Bank increased its position in shares of Wells Fargo & Co by 46.9% in the third quarter. The number of shares now owned by investors are 5.05 bln. Valley Natl Advisers owns 2.62% invested in Wells Fargo & Co (NYSE:WFC) for 103,597 shares. The 1-year High price of the stock is $59.99, while the 1-year low price is $42.90. 373,783 are held by Davis R M. Patten And Patten Incorporated Tn holds 1.31% of its portfolio in Wells Fargo & Co (NYSE:WFC) for 193,648 shares. Horizon Kinetics LLC now owns 8,160 shares of the financial services provider's stock worth $450,000 after buying an additional 2,940 shares during the last 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.

According to a report issued to investors by Piper Jaffray on Tuesday, shares of Wells Fargo & Company (NYSE:WFC) had their rating upgraded by analysts to "Neutral". This is a near-term estimation for the next 12-18 months. The firm has a market cap of $270.98 billion, a PE ratio of 13.57 and a beta of 0.98. Its 50-Day moving average was -5.70% and 200-Day moving average was 5.43%. Stock investors acquired 36,842 put options on the company. This represents an increase of approximately 233% compared to the average daily volume of 11,078 put options. Wells Fargo & Company (WFC) is a part of Financial sector and belongs to Money Center Banks industry. After $1.03 actual earnings per share reported by Wells Fargo & Co for the previous quarter, Wall Street now forecasts -5.83% negative EPS growth. During the same quarter in the prior year, the business earned $1.03 earnings per share. For the current year the company's revenue estimates are $92.08B compared to low analyst estimates of $90.2B and high estimates of $93.91B according to the projection of 22 analysts. Wells Fargo & Co also was the recipient of unusually large options trading activity on Tuesday. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and global copyright laws. Barton Inv Management reported 0.16% in Wells Fargo & Co (NYSE:WFC). Equity research analysts have given opinions on where they foresees the stock level. Susquehanna Bancshares Inc reissued a "hold" rating on shares of Wells Fargo & Co in a research note on Wednesday, January 11th. The original version of this piece of content can be read at Vetr downgraded shares of Wells Fargo & Co from a "buy" rating to a "hold" rating and set a $58.06 price objective for the a research report on Monday, April 3rd.

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Receive Wells Fargo & Company News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Company with's FREE daily email newsletter. Wells Fargo & Co presently has an average rating of "Hold" and a consensus target price of $55.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.29% of the company's stock.

Wells Fargo (WFC) will report earnings tomorrow morning, and Credit Suisse's Susan Roth Katzke and her team have an earnings preview out for the scandal-plagued bank.

Before the market opens on Thursday, the New York City based multinational banking and financial services holding company is scheduled to release its quarterly earnings report. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

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