2 weeks Ago By ABMN Staff
Wells Fargo & Company ( NYSE:WFC ) had its target price cut by research analysts at Truist Financial from $86.00 to $84.00 in a report issued on Friday, Benzinga reports.
The brokerage presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price target would indicate a potential upside of 37.90% from the company’s current price.
Several other research firms have also issued reports on WFC. Compass Point increased their target price on Wells Fargo & Company from $60.00 to $83.
00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. UBS Group raised their price objective on shares of Wells Fargo & Company from $69.00 to $85.
00 and gave the company a “buy” rating in a research note on Monday, December 9th. Bank of America cut their target price on shares of Wells Fargo & Company from $85.00 to $83.
00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup decreased their price target on shares of Wells Fargo & Company from $82.00 to $78.
00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Finally, Royal Bank of Canada raised Wells Fargo & Company from a “sector perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Thursday, March 13th.
Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Wells Fargo & Company currently has an average rating of “Moderate Buy” and an average price target of $75.50.
Check Out Our Latest Stock Report on WFC Wells Fargo & Company Trading Down 7.2 % Wells Fargo & Company ( NYSE:WFC – Get Free Report ) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.
43 EPS for the quarter, beating the consensus estimate of $1.34 by $0.09.
The business had revenue of $20.38 billion for the quarter, compared to analyst estimates of $20.58 billion.
Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%.
The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.
86 EPS. Sell-side analysts forecast that Wells Fargo & Company will post 5.89 EPS for the current year.
Institutional Trading of Wells Fargo & Company Several hedge funds and other institutional investors have recently bought and sold shares of WFC. Empowered Funds LLC raised its position in shares of Wells Fargo & Company by 19.1% during the 4th quarter.
Empowered Funds LLC now owns 190,330 shares of the financial services provider’s stock worth $13,369,000 after purchasing an additional 30,510 shares during the period. Valmark Advisers Inc. lifted its stake in Wells Fargo & Company by 5.
5% in the fourth quarter. Valmark Advisers Inc. now owns 8,300 shares of the financial services provider’s stock valued at $583,000 after buying an additional 431 shares during the last quarter.
NatWest Group plc grew its position in shares of Wells Fargo & Company by 57.7% during the fourth quarter. NatWest Group plc now owns 172,484 shares of the financial services provider’s stock worth $12,115,000 after acquiring an additional 63,102 shares during the last quarter.
Weiss Asset Management LP acquired a new stake in shares of Wells Fargo & Company in the 3rd quarter worth about $10,451,000. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Wells Fargo & Company in the 4th quarter worth about $1,656,000.
75.90% of the stock is owned by institutional investors. 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. See Also 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.com's FREE daily email newsletter .
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