Wells Fargo (WF) Lowered to “Sell” at ValuEngine

ValuEngine cut shares of Wells Fargo (NYSE:WF) from a hold rating to a sell rating in a research report released on Tuesday morning.

A number of other brokerages also recently commented on WF. Bank of America upgraded Wells Fargo from a neutral rating to a buy rating in a research report on Wednesday, June 6th. Zacks Investment Research upgraded Wells Fargo from a hold rating to a buy rating and set a $50.00 target price for the company in a research report on Thursday, May 10th.

Shares of WF stock opened at $44.47 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.64. Wells Fargo has a 12 month low of $38.29 and a 12 month high of $53.50. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 1.06 and a beta of 1.11.

Several institutional investors have recently bought and sold shares of WF. US Bancorp DE bought a new position in shares of Wells Fargo during the 4th quarter worth approximately $121,000. Aperio Group LLC lifted its position in shares of Wells Fargo by 64.9% during the 1st quarter. Aperio Group LLC now owns 109,567 shares of the bank’s stock worth $4,533,000 after buying an additional 43,125 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Wells Fargo by 139.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,191 shares of the bank’s stock worth $132,000 after buying an additional 1,859 shares during the period. Institutional investors and hedge funds own 0.45% of the company’s stock.

About Wells Fargo

Woori Bank Co, Ltd., together with its subsidiaries, provides commercial banking products and services to individuals, small- and medium-sized enterprises, and large corporations in South Korea. It operates through six segments: Consumer Banking, Corporate Banking, Investment Banking, Capital Markets, Credit Card, and Other Operations.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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