2 days Ago By Defense World Staff
Wells Fargo & Company ( NYSE:WFC ) had its target price hoisted by Citigroup from $67.00 to $82.00 in a research note published on Tuesday morning, Benzinga reports.
The firm currently has a neutral rating on the financial services provider’s stock. Several other equities research analysts have also commented on the stock. Phillip Securities upgraded shares of Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and increased their price objective for the company from $60.
83 to $65.00 in a research note on Tuesday, October 15th. Morgan Stanley decreased their target price on Wells Fargo & Company from $68.
00 to $67.00 and set an “overweight” rating for the company in a research report on Monday, September 30th. Piper Sandler lifted their target price on Wells Fargo & Company from $60.
00 to $62.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Royal Bank of Canada restated a “sector perform” rating and set a $61.
00 price objective on shares of Wells Fargo & Company in a report on Monday, October 14th. Finally, Wolfe Research upgraded shares of Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a research note on Tuesday, October 8th.
Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Wells Fargo & Company currently has an average rating of “Hold” and a consensus price target of $63.07.
View Our Latest Analysis on Wells Fargo & Company Wells Fargo & Company Stock Up 1.5 % Wells Fargo & Company ( NYSE:WFC – Get Free Report ) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $1.
42 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.14.
The firm had revenue of $20.37 billion during the quarter, compared to analyst estimates of $20.40 billion.
Wells Fargo & Company had a return on equity of 12.25% and a net margin of 14.43%.
The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.
39 EPS. On average, equities research analysts forecast that Wells Fargo & Company will post 5.42 EPS for the current fiscal year.
Wells Fargo & Company Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 8th will be given a dividend of $0.40 per share.
The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.60 annualized dividend and a dividend yield of 2.
11%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 33.26%.
Insider Buying and Selling In other news, EVP Beurden Saul Van sold 35,000 shares of Wells Fargo & Company stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $61.99, for a total value of $2,169,650.
00. Following the transaction, the executive vice president now owns 126,687 shares in the company, valued at approximately $7,853,327.13.
The trade was a 21.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
Also, EVP Ather Williams III sold 60,000 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $63.70, for a total value of $3,822,000.
00. Following the sale, the executive vice president now owns 163,610 shares of the company’s stock, valued at $10,421,957. This represents a 26.
83 % decrease in their ownership of the stock. The disclosure for this sale can be found here . 0.
08% of the stock is currently owned by corporate insiders. Institutional Trading of Wells Fargo & Company Institutional investors have recently made changes to their positions in the stock. MQS Management LLC purchased a new stake in shares of Wells Fargo & Company during the first quarter worth about $359,000.
Crewe Advisors LLC purchased a new stake in Wells Fargo & Company in the first quarter worth $302,000. Shell Asset Management Co. boosted its holdings in Wells Fargo & Company by 35.
7% in the first quarter. Shell Asset Management Co. now owns 35,422 shares of the financial services provider’s stock valued at $2,053,000 after acquiring an additional 9,326 shares in the last quarter.
CreativeOne Wealth LLC increased its position in Wells Fargo & Company by 96.7% during the 1st quarter. CreativeOne Wealth LLC now owns 9,278 shares of the financial services provider’s stock valued at $538,000 after purchasing an additional 4,560 shares during the period.
Finally, Axxcess Wealth Management LLC raised its holdings in Wells Fargo & Company by 10.9% in the 1st quarter. Axxcess Wealth Management LLC now owns 72,567 shares of the financial services provider’s stock worth $4,206,000 after purchasing an additional 7,114 shares in the last quarter.
Hedge funds and other institutional investors own 75.90% of the company’s stock. Wells Fargo & Company Company Profile ( Get Free Report ) Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally.
The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. Read More Five stocks we like better than Wells Fargo & Company 3 Fintech Stocks With Good 2021 Prospects Tesla Investors Continue to Profit From the Trump Trade Learn Technical Analysis Skills to Master the Stock Market MicroStrategy’s Stock Dip vs. Coinbase’s Potential Rally Why Invest in High-Yield Dividend Stocks? Netflix Ventures Into Live Sports, Driving Stock Momentum 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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