Wells Fargo & Firm (NYSE: WFC) had its target price decreased by Morgan Stanley from $66.00 to $59.00 in a report released on Tuesday morning, The Fly records. Morgan Stanley presently has an obese score on the monetary companies’s stock.
A number of other brokerage firms also just recently issued reports on WFC. Citigroup upgraded Wells Fargo & Company from a neutral score to a buy score and also lowered their rate objective for the stock from $58.00 to $56.00 in a research study record on Monday, April 11th. StockNews.com started insurance coverage on Wells Fargo & Business in a research report on Thursday, March 31st. They released a hold score on the stock. Piper Sandler established wells fargo stock price today per share a $48.00 rate objective on Wells Fargo & Business in a study report on Monday, June 20th. Jefferies Financial Group decreased their price objective on Wells Fargo & Business from $55.00 to $47.00 in a research study record on Monday. Lastly, Barclays enhanced their price goal on Wells Fargo & Business from $62.00 to $64.00 in a research report on Monday, April 18th. 5 financial investment analysts have rated the stock with a hold score as well as twelve have given a buy rating to the business’s stock. Based on information from FintechZoom, the firm has a consensus rating of Modest Buy and also an agreement target price of $55.50.
Wells Fargo & Company stock opened at $39.60 on Tuesday. Wells Fargo & Business has a one year low of $36.54 as well as a one year high of $60.30. Business has a fifty day moving average price of $41.85 and also a 200-day moving typical cost of $48.22. The firm has a debt-to-equity ratio of 0.95, a present ratio of 0.80 and a fast proportion of 0.79. The firm has a market capitalization of $150.10 billion, a P/E ratio of 8.23, a PEG proportion of 0.98 as well as a beta of 1.16.
Wells Fargo & Firm (NYSE: WFC– Obtain Score) last published its quarterly revenues outcomes on Thursday, April 14th. The monetary services provider reported $0.88 EPS for the quarter, topping analysts’ agreement estimates of $0.81 by $0.07. Wells Fargo & Business had a return on equity of 12.20% and also a web margin of 25.35%. The company had profits of $17.59 billion throughout the quarter, contrasted to expert estimates of $17.82 billion. During the same period last year, the company earned $1.05 revenues per share. The business’s income for the quarter was down 5.2% on a year-over-year basis. Sell-side analysts expect that Wells Fargo & Business will certainly publish 4.02 earnings per share for the existing fiscal year.
Business also lately revealed a quarterly dividend, which was paid on Wednesday, June 1st. Shareholders of document on Friday, May sixth were provided a $0.25 reward. The ex-dividend day of this reward was Thursday, May 5th. This stands for a $1.00 annualized dividend and also a returns return of 2.53%. Wells Fargo & Firm’s reward payout ratio is currently 20.79%.
In other information, EVP Kleber Santos marketed 22,700 shares of Wells Fargo & Business stock in a transaction dated Tuesday, May 3rd. The stock was cost an ordinary rate of $44.44, for a total worth of $1,008,788.00. Adhering to the transaction, the executive vice head of state now possesses 21,478 shares in the business, valued at $954,482.32. The deal was divulged in a record filed with the SEC, which can be accessed with this web link. 0.05% of the stock is currently possessed by experts.
Institutional financiers and also hedge funds have just recently contributed to or decreased their stakes in the business. Spots Wide range Administration LLC purchased a brand-new stake in shares of Wells Fargo & Firm in the first quarter worth concerning $40,000. Level Financial Advisors Inc. got a new stake in shares of Wells Fargo & Business in the fourth quarter worth concerning $25,000. Gibson Wealth Advisors LLC got a new stake in shares of Wells Fargo & Company in the 4th quarter worth concerning $25,000. Financial Administration Professionals Inc. expanded its stake in shares of Wells Fargo & Business by 193.3% in the very first quarter. Financial Administration Professionals Inc. currently owns 522 shares of the monetary providers’s stock worth $25,000 after buying an added 344 shares throughout the last quarter. Ultimately, FNY Financial investment Advisers LLC bought a new risk in shares of Wells Fargo & Business in the initial quarter worth concerning $25,000. Hedge funds and also various other institutional investors own 74.01% of the business’s stock.
Concerning Wells Fargo & Company (Get Ranking).
Wells Fargo & Firm, a varied monetary services firm, gives financial, financial investment, home loan, and also consumer as well as business money services and products in the USA and internationally. It operates through 4 sections: Consumer Banking and also Financing; Commercial Financial; Corporate and also Investment Financial; and Wide Range and Investment Management.