Wells Fargo & Company indicated as Hold By Berenberg Bank

(NYSE:WFC) opened at 48.27 on Thursday.

The institutional sentiment increased to 1.32 in 2016 Q1. But of the roughly 250 elite brokers – many multi-million dollar producers – only about 110 joined Wells Fargo. Over the last three months and over the last six months, the shares of Wells Fargo & Company (WFC), have changed -3.83% and 48.95%, respectively. The California-based American Assets Inc has invested 27.93% in the stock. After posting $0.99 EPS for the previous quarter, Wells Fargo & Co’s analysts now forecast 4.04% EPS growth. Wells Fargo is looking for candidates both inside and outside the firm, a spokeswoman tells InvestmentNews. Ironwood Financial llc purchased a new stake in shares of Wells Fargo & Co. during the first quarter worth about $182,000. The company has market capitalization of $245.07B.

The stock’s price moved up its 200-day moving average of $81.14.

Several brokerages have weighed in on WFC. Finally, Keefe, Bruyette & Woods decreased their target price on Wells Fargo & Co. from $60.00 to $59.00 in a report on Monday, March 21st. Analysts had expected Wells Fargo & Co (NYSE:WFC) to report earnings of about $0.97 per share on $21,613.00M in revenue.

Wells Fargo & Co (NYSE:WFC)stock is now trading at about $48.35 and lots of rating firms seem to have a target price set on the stock. The ratio is positive, as 84 funds sold all Wells Fargo & Co shares owned while 597 reduced positions. Wells Fargo & Company has been the topic of 39 analyst reports since July 29, 2015 according to StockzIntelligence Inc.

Separately, TheStreet Ratings Team has a “Buy” rating with a score of B on the stock. The stock now has a consensus rating of “Hold” and a consensus price target of $54.16. (NYSE:PNC) reported a rise in the market cap on Friday as its stock dropped +1.58% or +1.28 points. The shares were sold at an average price of $50.77, for a total value of $2,792,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The total traded volume was 15,067,947. Following the acquisition, the director now owns 2,150 shares of the company’s stock, valued at $107,435.50. The disclosure for this sale can be found here.

Wells Fargo said Tuesday that Mary Mack will become the bank’s head of community banking effective July 31, giving the San Francisco-based bank another top executive in Charlotte. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.