Philadelphia sues Wells Fargo over lending practices

Gladys Abbott
May 16, 2017

The institutional investor owned 6,850 shares of the financial services provider's stock at the end of the fourth quarter.

Maximum and minimum EPS estimate for the current quarter is projected at $1.07 and $0.96, respectively, according to 28 analysts.

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Ecor1 Capital Llc increased Ironwood Pharmaceuticals Inc (IRWD) stake by 1.61% reported in 2016Q4 SEC filing. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Wells Fargo & Co by 0.7% in the first quarter. The business's revenue was down.9% compared to the same quarter past year. The Dodge & Cox holds 71.53M shares with $3.94 billion value, down from 71.57M last quarter. Harris Associates L P now owns 23,796,125 shares of the financial services provider's stock worth $1,324,492,000 after buying an additional 286,710 shares during the period. Company insiders own 0.29% of the company's stock.

On 05/12/2017 close, Wells Fargo & Company (NYSE:WFC) plummeted -1.34% to $53.02. Insiders have bought 106,392 shares of company stock worth $5,526,822 over the last three months. Wells Fargo & Company has $67 highest and $44 lowest target. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Wells Fargo & Co also saw unusually large options trading on Friday. Traders purchased 4,704 put options on the stock. This is an increase of 115% compared to the typical daily volume of 2,187 put options.

The 52 week high of Wells Fargo & Company's shares is 59.99 whilst the 52 week low for the company's shares is 43.55.

Wells Fargo & Company (NYSE:WFC) had its stock rating indicated as "Outperform" in a report released by analysts at Evercore ISI.

Currently, the market capitalization of Wells Fargo & Company (WFC) is 264.96 Billion. Moreover, the figure compared favorably with the prior-year quarter's earnings of 99 cents per share.

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The number of shares now held by investors is 5 Billion. This represents a $1.52 annualized dividend and a yield of 2.87%.

Monday's lawsuit is the latest in a troubled saga for Wells Fargo.

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At the movement Johnson & Johnson (NYSE:JNJ) is under coverage by number of analysts.

Wells Fargo & Company (WFC) has an Average Brokerage Recommendation (ABR) of 2.6, according to data compiled by Zacks Investment Research. At recent closing price of $5.7, FBP has a chance to add $1.8 or 31.58% in 52 weeks, based on mean target price ($7.5) placed by analysts.The analyst consensus opinion of 2.5 looks like a hold. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. This will help boost company dividends and therefore share prices. Dodge & Cox sold 38,200 shares as Wells Fargo & Co (WFC)'s stock rose 25.74%. The shares were sold at an average price of $54.21, for a total value of $5,421,000.00. Also, insider Avid Modjtabai sold 100,000 shares of the business's stock in a transaction dated Friday, April 28th. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. (NASDAQ:FOXA), stock is trading $32.60 above the 52-week high and has displayed a high EPS growth of 10.30% in last 5 years. The disclosure for this sale can be found here.

The company's price sits -4.05% below from its 50-day moving average of $54.50 and 2.87% above from the stock's 200-day moving average which is $54.61.

In 2015, 75 percent of new Wells Fargo credit card accounts were opened through a branch and 12 percent were opened through the bank's website.

While there are a number of profitability ratios that measure a company's ability to generate profit from the sales or services it provides, one of the most important is the net profit margin. Wholesale Banking and Wealth and Investment Management segments' total quarterly revenue climbed around 1.1% and 8.8%, respectively, while Community Banking revenues dipped 4.0%.

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