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Wells Fargo saw mixed investor actions but beat earnings expectations, rated a "Moderate Buy."
Wells Fargo & Company (WFC) saw mixed institutional investor actions in the first quarter.
Alpha Cubed Investments LLC increased its holdings by 17.9%, while Raleigh Capital Management Inc. sold 1,319 shares, reducing its holdings to 14,950 shares.
Despite the sell-off, Wells Fargo's earnings per share of $1.39 beat analyst expectations by $0.16, and the stock has garnered a "Moderate Buy" rating with a consensus target price of $78.33.
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Wells Fargo vio acciones mixtas de los inversores, pero superó las expectativas de ganancias, calificó una "compra moderada".