Wells Fargo & Company (NYSE:WFC): Negative Stock Sentiment

Cumberland Partners Ltd sold 7,170 shares as Wells Fargo & Co (WFC)'s stock declined 8.66%.

Wells Fargo & Co (NYSE:WFC) last issued its quarterly earnings data on Friday, October 13th. Wells Fargo & Co has a 52 week low of $49.27 and a 52 week high of $63.67. Canal Insurance CO now owns 75,000 shares of the financial services provider's stock worth $3,321,000 after buying an additional 45,000 shares during the last quarter. The business's revenue for the quarter was up 2.2% on a year-over-year basis. It has underperformed by 7.03% the S&P500.

Investors sentiment decreased to 0.73 in Q3 2017. Its up 0.23, from 1.19 in 2017Q2. It dropped, as 61 investors sold COMM shares while 90 reduced holdings. 103 funds opened positions while 495 raised stakes. Fny Managed Accounts Llc holds 60 shares or 0% of its portfolio. Instinet reissued a buy rating and issued a $65.00 target price (up previously from $64.00) on shares of Wells Fargo & Co in a research report on Saturday, September 30th. Df Dent & Com Inc reported 0.01% of its portfolio in Wells Fargo & Company (NYSE:WFC).

Wells Fargo & Company (NYSE:WFC) ended its day at 63.12 with the rising stream of 1.38% and its total traded volume was 18.1 million shares less than the average volume. Baystate Wealth Limited Liability Corp accumulated 0.01% or 1,637 shares.

Wells Fargo is unique in that it had deferred tax liabilities, not assets, on its balance sheet, basically income taxes it may owe in the future. Macguire Cheswick Tuttle Investment Counsel Lc reported 269,949 shares or 2.92% of all its holdings. Finally, UBS Group set a $55.00 price objective on Wells Fargo & Co and gave the company a "hold" rating in a report on Monday, October 16th.

Wells Fargo & Co (NYSE:WFC) last announced its earnings results on Friday, January 12th. The stock of Wells Fargo & Company (NYSE:WFC) earned "Sell" rating by Berenberg on Friday, July 21. Therefore 48% are positive. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The firm earned "Hold" rating on Friday, July 14 by Oppenheimer. The rating was maintained by Sandler O'Neill on Wednesday, April 12 with "Hold". (NYSE:AZO) has "Buy" rating given on Monday, July 17 by Credit Suisse.

A number of other analysts have also recently commented on the company. Deutsche Bank upgraded Wells Fargo & Company (NYSE:WFC) on Tuesday, September 8 to "Buy" rating. On Wednesday, April 5 the stock rating was upgraded by Keefe Bruyette & Woods to "Outperform".

A number of analysts have weighed in on WFC shares. The stock ended last trade at 43.00 a share and the price is up more than 4.90% so far this year. The 1 year EPS growth rate is -3.20%. According to the Analysts, the Low Earnings estimate for the current quarter is $0.89, while the High earnings estimate is $1.18.Comparatively, EPS for the same quarter past year was $1.04. Cornerstone Cap Inc accumulated 0.04% or 3,835 shares. It also increased its holding in Vanguard Small Cap Value (VBR) by 5,159 shares in the quarter, for a total of 85,062 shares, and has risen its stake in Dominos Pizza Inc (NYSE:DPZ).

Investors sentiment increased to 1.42 in 2017 Q3. Its down 1.07, from 2.62 in 2017Q2. It increased, as 51 investors sold D shares while 282 reduced holdings. 106 funds opened positions while 593 raised stakes. 87,647 were reported by Jefferies Ltd Liability Com. Wells Fargo will have the chance to prove itself to its customers and investors in 2018, and that starts with its fourth-quarter earnings report. Ivory Mngmt Limited Liability Corporation reported 559,546 shares stake. (NASDAQ:PEP). Moreover, Caxton LP has 0.26% invested in Pepsico, Inc. (NASDAQ:PEP) for 1.04M shares. (NYSE:BRX). Old Mutual Customised Solutions (Proprietary) Ltd owns 9,300 shares. Pictet Asset Mgmt Ltd has invested 0.21% of its portfolio in Autodesk, Inc. D E Shaw Incorporated has 98,622 shares for 0.02% of their portfolio.

Earnings season is upon us, and the big USA banks are among the first companies set to report. Richard Bernstein Ltd holds 7,454 shares. Fiera Cap Corporation owns 0% invested in Autodesk, Inc. Ngam LP owns 94,679 shares or 0.03% of their United States portfolio.

Among 2 analysts covering Mattersight (NASDAQ:MATR), 2 have Buy rating, 0 Sell and 0 Hold. The rating was maintained by Compass Point on Tuesday, January 19 with "Neutral". If you are reading this piece of content on another website, it was stolen and reposted in violation of US & worldwide trademark & copyright legislation. Morgan Stanley downgraded the shares of TX in report on Monday, May 9 to "Equal-Weight" rating. Bank of America maintained it with "Buy" rating and $87.0 target in Wednesday, January 3 report.

In a statement to CNNMoney, Wells Fargo said it evaluates its branch network "solely on customer trends, market factors and economic changes". The firm has "Hold" rating given on Wednesday, August 26 by Zacks. RBC Capital Markets has "Hold" rating and $7700 target. Twin Mgmt Inc stated it has 2,437 shares or 0.08% of all its holdings. They issued a "sell" rating on the stock. On Friday, October 13 the stock rating was maintained by Piper Jaffray with "Hold".