CrestPoint Capital Management LLC Acquires 100 Shares of Wells Fargo & Company

Xavier Trudeau
Juillet 18, 2017

Today's High Market Cap Stock of the day is Wells Fargo & Company, (NYSE: WFC), with a large market cap of 277.85 B. Wells Fargo & Company is in the industry Money Center Banks and sector Financial. The Atria Investments Llc holds 48,471 shares with $2.67M value, down from 76,249 last quarter.

Wells Fargo & Company (WFC) lost -1.1% to reach $54.99 in the previous trading session. The stock was sold at an average price of $54.21, for a total value of $5,421,000.00. It has underperformed by 7.03% the S&P500. (NYSE:MRK), 13 have Buy rating, 2 Sell and 3 Hold. The stock has been active on the tape, now trading at $54.99, down from yesterday's close by -1.10%. KAR Auction Services had 16 analyst reports since July 24, 2015 according to SRatingsIntel. As per Wednesday, March 8, the company rating was maintained by Desjardins Securities. Deutsche Bank has "Buy" rating and $50 target. RBC Capital Markets maintained it with "Buy" rating and $6000 target in Thursday, June 22 report. Morgan Stanley upgraded Williams Companies Inc (NYSE:WMB) on Monday, December 19 to "Overweight" rating. The company was maintained on Thursday, June 9 by Goldman Sachs. The firm has "Neutral" rating by Sidoti given on Tuesday, May 31. (NYSE:MRK) on Thursday, May 25 with "Sell" rating.

Since March 3, 2017, it had 1 insider purchase, and 7 selling transactions for $397.31 million activity. Accredited Investors Inc sold 6,600 shares as the company's stock declined 8.66% while stock markets rallied. Insiders have sold a total of 2,570,556 shares of company stock valued at $36,001,548 over the last ninety days. Loughlin Michael J also sold $1.04M worth of Wells Fargo & Co (NYSE:WFC) shares. SARGENT RONALD also bought $499,108 worth of Wells Fargo & Co (NYSE:WFC) shares. $1.04 million worth of stock was sold by Hardison Hope A. on Tuesday, May 16.

Instinet restated their buy rating on shares of Wells Fargo & Company (NYSE:WFC) in a research report report published on Wednesday. Therefore 72% are positive. Pure Industrial Real Estate had 13 analyst reports since August 14, 2015 according to SRatingsIntel. Waverton Inv Management Limited invested 6.23% in Wells Fargo & Co (NYSE:WFC). The firm has "Positive" rating by Susquehanna given on Wednesday, January 20. As per Tuesday, November 17, the company rating was maintained by Argus Research. The rating was upgraded by Vetr to "Strong-Buy" on Wednesday, September 2. Homrich And Berg has invested 0.15% in Wells Fargo & Co (NYSE:WFC). Finally, Evercore ISI reaffirmed an "outperform" rating and set a $64.00 price target on shares of Wells Fargo & Company in a research note on Tuesday, April 11th.

Wells Fargo Global Dividend Oppty Fund earned a media sentiment score of 0.39 on Accern's scale. Its up 0.05, from 1.05 in 2016Q3. It worsened, as 112 investors sold WFC shares while 836 reduced holdings. 149 funds opened positions while 487 raised stakes. Hightower Advsrs holds 0.36% of its portfolio in Wells Fargo & Co (NYSE:WFC) for 600,303 shares. Nomura Asset Com Limited reported 1.35% in Wells Fargo & Co (NYSE:WFC). First Fiduciary Investment Counsel stated it has 433,928 shares. Palestra Capital Ltd Liability Co owns 1.03M shares for 3.2% of their portfolio. Sarasin Prns Ltd Liability Partnership has 1.65% invested in Wells Fargo & Co (NYSE:WFC). Palisade Asset Mngmt Llc reported 189,883 shares. Pure Incorporated holds 0.14% or 8,324 shares. Credit Agricole S A holds 0% or 33,136 shares. Gam Ag accumulated 89,980 shares or 0.02% of the stock. Annex Advisory Service Lc invested in 5,677 shares or 0.08% of the stock. Yhb Investment Advsrs holds 45,136 shares.

Analysts await BioTelemetry, Inc. Bank news Several banks reported 2nd quarter earnings on Friday with results that generally topped analyst's expectations. BEAT's profit will be $6.02M for 40.95 P/E if the $0.21 EPS becomes a reality.

CrestPoint Capital Management LLC boosted its position in Wells Fargo & Company (NYSE:WFC) by 0.3% during the second quarter, Holdings Channel reports.

The stock decreased 6.24% or $4.39 on July 14, reaching $66. It has outperformed by 18.01% the S&P500.

Investors sentiment increased to 1.22 in 2016 Q4. Its down 0.51, from 1.62 in 2016Q3.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Telemus Cap Ltd Com has 12,604 shares. Beech Hill Advsr holds 1.99% or 60,250 shares in its portfolio.

AutoNation (NYSE:AN) last released its quarterly earnings data on Tuesday, April 25th. Blackrock Fund Advisors holds 0.01% of its portfolio in RH (NYSE:RH) for 2.31M shares.

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