1 week Ago By ABMN Staff
Wells Fargo & Company ( NYSE:WFC ) had its price target dropped by investment analysts at Evercore ISI from $67.00 to $65.00 in a note issued to investors on Friday, Marketbeat reports.
The firm currently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s price target suggests a potential upside of 20.37% from the stock’s previous close.
A number of other analysts have also recently commented on WFC. Deutsche Bank Aktiengesellschaft raised shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Tuesday, September 3rd.
BMO Capital Markets raised their target price on Wells Fargo & Company from $55.00 to $57.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th.
Keefe, Bruyette & Woods dropped their price target on Wells Fargo & Company from $62.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, July 15th.
Morgan Stanley increased their price target on Wells Fargo & Company from $64.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th.
Finally, Jefferies Financial Group lowered shares of Wells Fargo & Company to a “hold” rating and lowered their price objective for the company from $62.00 to $59.00 in a research note on Friday, August 16th.
Twelve research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Wells Fargo & Company currently has an average rating of “Hold” and an average target price of $60.
29. View Our Latest Stock Report on Wells Fargo & Company Wells Fargo & Company Price Performance Wells Fargo & Company ( NYSE:WFC – Get Free Report ) last released its earnings results on Friday, July 12th. The financial services provider reported $1.
33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04.
Wells Fargo & Company had a net margin of 15.17% and a return on equity of 12.30%.
The business had revenue of $20.69 billion during the quarter, compared to the consensus estimate of $20.29 billion.
During the same quarter in the prior year, the firm posted $1.25 EPS. The company’s revenue for the quarter was up .
8% compared to the same quarter last year. As a group, equities research analysts anticipate that Wells Fargo & Company will post 5.15 earnings per share for the current year.
Institutional Trading of Wells Fargo & Company Institutional investors have recently made changes to their positions in the company. Fisher Asset Management LLC grew its position in Wells Fargo & Company by 4.5% in the 4th quarter.
Fisher Asset Management LLC now owns 25,243 shares of the financial services provider’s stock worth $1,242,000 after purchasing an additional 1,079 shares in the last quarter. 9258 Wealth Management LLC grew its holdings in shares of Wells Fargo & Company by 4.1% in the fourth quarter.
9258 Wealth Management LLC now owns 12,972 shares of the financial services provider’s stock valued at $638,000 after acquiring an additional 516 shares in the last quarter. Gryphon Financial Partners LLC grew its holdings in shares of Wells Fargo & Company by 93.3% in the fourth quarter.
Gryphon Financial Partners LLC now owns 26,467 shares of the financial services provider’s stock valued at $1,246,000 after acquiring an additional 12,778 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of Wells Fargo & Company by 5.6% during the fourth quarter.
Kovitz Investment Group Partners LLC now owns 128,879 shares of the financial services provider’s stock valued at $6,343,000 after acquiring an additional 6,886 shares during the last quarter. Finally, Calton & Associates Inc. bought a new stake in Wells Fargo & Company during the fourth quarter worth $222,000.
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. Further Reading 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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