"The decisions we made a year ago have really worked because the average Fico scores of our customers have now increased, and that's exactly what we wanted", said Tim Sloan, president and chief executive of Wells Fargo & Co., during the earnings call. "Our balance sheet remained strong, which enabled us to repurchase almost $3 billion in common stock and pay $1.3 billion in common stock dividends in the quarter". The stock's 52-week range is $44.28 to $59.99, and its 3-month range is $ to $. The current consensus recommendation provided by covering analysts is 2.60. Robert W. Baird maintained Wells Fargo & Co (NYSE:WFC) rating on Tuesday, September 5. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider's stock valued at $127,000 after purchasing an additional 891 shares in the last quarter.
Wells Fargo & Co reported an 19% profit decline on Friday and weaker revenue than Wall Street had expected for the fourth consecutive quarter due to mortgage issues, sending its shares down 3.5%. The bank noted, "the production margin on residential held-for-sale mortgage loan originations was 1.24 percent, consistent with the second quarter". It improved, as 85 investors sold WFC shares while 685 reduced holdings. Hotchkis & Wiley Cap reported 12.44 million shares.
The most recent open market insider trade was Disposition (Non Open Market) of 829 shares on a day where the closing price was 54.17. Hardison Hope A. had sold 20,000 shares worth $1.04 million on Tuesday, May 16. After a recent check, company stock has been trading near the $55.24 mark. The insider now holds 2,355 shares of Wells Fargo & Company (WFC).
According to John Shrewsberry, Chief Financial Officer of Wells Fargo, despite the decline in net income, the bank continued to see good credit performance and its liquidity and capital remained strong. About 4.22M shares traded. Usca Ria Ltd Llc holds 0.03% of its portfolio in Kansas City Southern (NYSE:KSU) for 2,435 shares. Of those holders, 841 had increased positions amounting to 150.85 million shares, 959 had decreased positions amounting to 208.14 million shares, and 207 holders have a held position accounting for 3.44 billion shares. Morgan Stanley maintained Servicemaster Global Holdings Inc (NYSE:SERV) rating on Thursday, September 28. The company reported the earnings of $1.07/Share in the last quarter where the estimated EPS by analysts was $1.01/share. Mack Mary T sold 38,988 shares worth $2.05M.
Netflix shares were up 1 percent, hitting a record high at $200.81, after a slew of price target increases ahead of its earnings report on Monday. The shares price has positioned 0.40% up over the past quarter while it has directed 7.52% toward a rising position throughout past six months. Finally, Empirical Finance LLC acquired a new stake in shares of Wells Fargo & in the 2nd quarter valued at approximately $275,000. First Manhattan reported 4.32 million shares or 2.05% of all its holdings. Alphamark Advsrs invested in 156 shares or 0% of the stock. (NYSE:BMY) stake by 7,266 shares to 264,037 valued at $14.71 million in 2017Q2. Sawgrass Asset Management Ltd Limited Liability Company invested 0.14% of its portfolio in Wells Fargo & Co (NYSE:WFC). Jefferies maintained it with "Hold" rating and $62.0 target in Friday, September 15 report. Shares for $1.34 million were sold by Pelos Petros G. WFC's profit will be $5.23 billion for 13.19 P/E if the $1.05 EPS becomes a reality.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.