2 hours Ago By ABMN Staff
Wells Fargo & Company ( NYSE:WFC ) has received an average rating of “Moderate Buy” from the twenty brokerages that are currently covering the company, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company.
The average 1 year price target among brokerages that have covered the stock in the last year is $73.39. A number of equities analysts have weighed in on the stock.
UBS Group increased their target price on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, December 9th.
Wolfe Research upgraded Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 price target on the stock in a research report on Tuesday, October 8th. Truist Financial increased their target price on shares of Wells Fargo & Company from $82.
00 to $85.00 and gave the company a “buy” rating in a report on Thursday, January 16th. The Goldman Sachs Group upped their price target on shares of Wells Fargo & Company from $72.
00 to $82.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Phillip Securities raised Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and raised their price target for the stock from $60.
83 to $65.00 in a research note on Tuesday, October 15th. Check Out Our Latest Analysis on Wells Fargo & Company Wells Fargo & Company Stock Performance Wells Fargo & Company ( NYSE:WFC – Get Free Report ) last released its earnings results on Wednesday, January 15th.
The financial services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.
09. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.
73%. The company had revenue of $20.38 billion for the quarter, compared to analysts’ expectations of $20.
58 billion. During the same period in the previous year, the business posted $0.86 EPS.
The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts expect that Wells Fargo & Company will post 5.
84 earnings per share for the current year. Wells Fargo & Company Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 7th will be issued a $0.
40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.
03%. The ex-dividend date is Friday, February 7th. Wells Fargo & Company’s dividend payout ratio is currently 29.
74%. Institutional Trading of Wells Fargo & Company A number of institutional investors have recently made changes to their positions in WFC. Quarry LP acquired a new position in Wells Fargo & Company in the 2nd quarter worth approximately $105,000.
Advisory Alpha LLC increased its stake in shares of Wells Fargo & Company by 5.2% in the second quarter. Advisory Alpha LLC now owns 5,490 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 270 shares during the period.
RiverFront Investment Group LLC purchased a new position in shares of Wells Fargo & Company during the second quarter worth $6,927,000. Strategic Investment Solutions Inc. IL purchased a new position in Wells Fargo & Company during the second quarter valued at approximately $26,000.
Finally, Creekside Partners acquired a new position in shares of Wells Fargo & Company in the second quarter worth about $566,000. Institutional investors and hedge funds own 75.90% of the company’s stock.
Wells Fargo & Company Company Profile ( Get Free Report Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Recommended Stories Receive News & Ratings for Wells Fargo & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Company and related companies with MarketBeat.
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