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US lawmaker Warren slams Wells Fargo over arbitration position

US lawmaker Warren slams Wells Fargo over arbitration position

The company is scheduled to next report earnings information on or around 2017-02-16 for the period ending 2016-12-31.

A number of other institutional investors have also recently made changes to their positions in the stock. Wells Fargo & Company P/E (price to earnings) ratio is 13.04 and Forward P/E ratio of 12.9.

Citigroup Inc.is a global financial services company.

Many Wall Street Analysts have commented on Wells Fargo & Co.

Wells Fargo Dow Jones Target Date refers to Wells Fargo's asset management division, with the investment philosophy of "increasing the odds of retiring with the largest possible balance".

Wells Fargo apparently made it easy for employees to invest on the company's investment portfolio because investment contributions are directly debited to their target date funds accounts. Dimensional Fund Advisors LP now owns 24,714,185 shares of the financial services provider's stock worth $1,169,680,000 after buying an additional 2,987,795 shares during the period. Lazard Asset Management LLC raised its position in Wells Fargo & Co.by 10.3% in the first quarter. Annex Advisory Services LLC now owns 6,422 shares of the financial services provider's stock worth $304,000 after buying an additional 25 shares during the last quarter.

Wells Fargo & Company closed its last trading session at $52.16 with the gain of 0.88%. The company earned $22.30 billion during the quarter. The Market Capitalization of the company stands at 265.38 Billion. The stock has a 50 day moving average of $47.82 and a 200 day moving average of $47.86. Wells Fargo & Co. has a 12 month low of $43.55 and a 12 month high of $56.24.

Many brokerage firms are involved in issuing their ratings on Wells Fargo & Company (NYSE:WFC). (NYSE:JPM) price to sales (P/S) ratio is 5.19.

These analysts also forecasted Growth Estimates for the Current Quarter for WFC to be -2.9%. The stock touched its 52-Week High on Dec 17, 2015 and 52-Week Low on Oct 4, 2016. Atlantic Securities lowered Wells Fargo & Co. from a "neutral" rating to an "underweight" rating and lowered their price target for the stock from $46.15 to $44.00 in a research report on Friday, September 16th.

Wells Fargo & Company (NYSE:WFC) stock is presently standing at about $52.62 and lots of equity research firms seem to have a target price set on the stock. The Zacks Research consensus estimate before the earnings report was $0.43. 11 advised "Hold Rating" regarding the stock. Finally, Raymond James Financial Inc. lowered Wells Fargo & Co. from a "market perform" rating to an "underperform" rating in a research report on Tuesday, October 4th. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. On the other hand, in the June 2016 quarter the company recorded a net $22.16B revenue with earnings per share of $1.01. Average True Range (ATR) is an indicator based on trading ranges smoothed by an N-period exponential moving average percentage of the true range values.

In a different news, on Aug 9, 2016, Timothy J Sloan (President & COO) sold 20,500 shares at $48.92 per share price. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. On 28-Nov-16 Jefferies Downgrade Wells Fargo & Company Stock to Hold. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance.