Gillespie Robinson & Grimm Inc. Decreases Position in Wells Fargo & Co

Its share price has decline -6.03% in three months and is down -4.12% for the last five trades. The company has a market capitalization of $266.46 billion, a price-to-earnings ratio of 13.33 and a beta of 0.98. Piper Jaffray Companies reduced their target price on shares of Wells Fargo & Co from $55.00 to $52.00 and set a "neutral" rating on the stock in a report on Tuesday, April 18th. Berenberg initiated Wells Fargo & Co (NYSE:WFC) on Wednesday, July 13 with "Hold" rating. Instinet lowered their price target on shares of Wells Fargo & Co from $65.00 to $64.00 and set a "buy" rating for the company in a report on Wednesday, April 19th. First PREMIER Bank now owns 47,862 shares of the financial services provider's stock worth $2,664,000 after buying an additional 654 shares during the period. Wells Fargo & Company had 68 analyst reports since July 29, 2015 according to SRatingsIntel. The firm owned 377,426 shares of the financial services provider's stock after selling 112,925 shares during the period. Looking at this figure it suggests that the shares of Wells Fargo & Company (WFC) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Wells Fargo & Company (WFC) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. The firm has a 50 day moving average of $54.40 and a 200-day moving average of $54.61.

Shares in Wells Fargo & Company have risen as high as 59.99 in the past 52 weeks whilst the lowest price in the last 52 weeks has been 43.55.

Arlington Value Capital Llc decreased its stake in Wells Fargo & Company (NYSE:WFC) by 29.73% based on its latest 2017Q1 regulatory filing with the SEC. The financial services provider reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.03.

The High Revenue estimate is predicted as 22.86 Billion, while the Low Revenue Estimate prediction stands at 22.04 Billion. The stock of Wells Fargo & Co (NYSE:WFC) earned "Sell" rating by Rafferty on Wednesday, April 12. The 1 year EPS growth rate is -63.90%. During the same quarter in the prior year, the firm posted $0.99 EPS. Equities research analysts expect that Wells Fargo & Co will post $4.18 EPS for the current year.

Priest stabbed at mass in Latin America's biggest cathedral
Authorities say a man armed with a knife has attacked a priest inside Mexico City's cathedral. Witnesses say it looked like the attacker's intention was to slit his throat.

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The company is scheduled to announce its next quarterly financial results on 21/07/2017 after the market close. Shareholders of record on Friday, May 5th will be given a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, May 3rd. The company maintains price to book ratio of 1.51 vs.an industry average at 2.54. Wells Fargo & Co's dividend payout ratio (DPR) is now 38.10%. The stock increased 7.10% or $0.008 during the last trading session, reaching $0.118. Bremer Trust National Association sold 36,771 shares as Wells Fargo & Co (WFC)'s stock rose 25.74%.

In other news, Director Ronald Sargent purchased 9,050 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $54.21, for a total transaction of $5,421,000.00. Following the completion of the transaction, the chief executive officer now directly owns 754,581 shares of the company's stock, valued at $38,974,108.65. The disclosure for this sale can be found here. The Leavell Investment Management Inc holds 62,909 shares with $3.47 million value, down from 69,354 last quarter.

WFC has been the topic of several other reports. Finally, Security Asset Management boosted its stake in shares of Wells Fargo & Co by 0.3% in the fourth quarter. Finally, Brick & Kyle Associates increased its stake in Wells Fargo & Co by 9.5% in the first quarter. Raymond James Trust N.A. increased its position in shares of Wells Fargo & Co by 2.0% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 382,589 shares of the financial services provider's stock worth $21,295,000 after buying an additional 19,271 shares in the last quarter. Profund Advisors Lc reported 0.72% of its portfolio in Wells Fargo & Co (NYSE:WFC). Asset Management One Co. Alexandria Capital LLC now owns 1,826 shares of the financial services provider's stock worth $102,000 after buying an additional 6 shares during the period. Institutional investors and hedge funds own 73.25% of the company's stock.

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