Wells Fargo & Company (NYSE: WFC) had its target rate decreased by Morgan Stanley from $66.00 to $59.00 in a report issued on Tuesday early morning, The Fly records. Morgan Stanley currently has an overweight score on the economic providers’s stock.
A variety of various other broker agents also lately issued records on WFC. Citigroup updated Wells Fargo & Firm from a neutral ranking to a buy rating as well as lowered their cost purpose for the stock from $58.00 to $56.00 in a research report on Monday, April 11th. StockNews.com started insurance coverage on Wells Fargo & Company in a research record on Thursday, March 31st. They issued a hold score on the stock. Piper Sandler established wells fargo stock symbol a $48.00 cost purpose on Wells Fargo & Business in a research record on Monday, June 20th. Jefferies Financial Team decreased their price purpose on Wells Fargo & Business from $55.00 to $47.00 in a research record on Monday. Finally, Barclays enhanced their price objective on Wells Fargo & Company from $62.00 to $64.00 in a study report on Monday, April 18th. Five investment analysts have actually rated the stock with a hold ranking and twelve have offered a buy ranking to the firm’s stock. Based upon data from FintechZoom, the business has an agreement score of Moderate Buy and a consensus target cost of $55.50.
Wells Fargo & Firm stock opened up 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. The business has a fifty day relocating ordinary price of $41.85 and a 200-day moving ordinary rate of $48.22. The firm has a debt-to-equity proportion of 0.95, an existing proportion of 0.80 and a fast ratio of 0.79. The company has a market capitalization of $150.10 billion, a P/E ratio of 8.23, a PEG ratio of 0.98 and a beta of 1.16.
Wells Fargo & Company (NYSE: WFC– Get Ranking) last published its quarterly incomes results on Thursday, April 14th. The monetary providers reported $0.88 EPS for the quarter, covering analysts’ consensus price quotes of $0.81 by $0.07. Wells Fargo & Firm had a return on equity of 12.20% as well as an internet margin of 25.35%. The company had revenue of $17.59 billion during the quarter, contrasted to analyst price quotes of $17.82 billion. Throughout the very same period last year, the business made $1.05 profits per share. The business’s income for the quarter was down 5.2% on a year-over-year basis. Sell-side analysts anticipate that Wells Fargo & Business will publish 4.02 revenues per share for the current .
The business additionally recently disclosed a quarterly reward, which was paid on Wednesday, June 1st. Stockholders of document on Friday, May 6th were issued a $0.25 reward. The ex-dividend day of this dividend was Thursday, May 5th. This stands for a $1.00 annualized dividend and a dividend yield of 2.53%. Wells Fargo & Business’s returns payout proportion is currently 20.79%.
In various other information, EVP Kleber Santos sold 22,700 shares of Wells Fargo & Business stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average cost of $44.44, for a total worth of $1,008,788.00. Adhering to the deal, the executive vice president now owns 21,478 shares in the firm, valued at $954,482.32. The transaction was revealed in a document filed with the SEC, which can be accessed with this web link. 0.05% of the stock is currently had by experts.
Institutional capitalists and hedge funds have actually just recently added to or decreased their stakes in the firm. Landmark Wealth Monitoring LLC got a new stake in shares of Wells Fargo & Business in the very first quarter worth regarding $40,000. Degree Financial Advisors Inc. acquired a brand-new risk in shares of Wells Fargo & Company in the 4th quarter worth about $25,000. Gibson Wide range Advisors LLC bought a new risk in shares of Wells Fargo & Business in the 4th quarter worth regarding $25,000. Financial Monitoring Professionals Inc. grew its risk in shares of Wells Fargo & Firm by 193.3% in the very first quarter. Financial Management Professionals Inc. now owns 522 shares of the financial companies’s stock worth $25,000 after acquiring an additional 344 shares throughout the last quarter. Finally, FNY Financial investment Advisers LLC bought a brand-new stake in shares of Wells Fargo & Firm in the very first quarter worth regarding $25,000. Hedge funds as well as other institutional financiers own 74.01% of the business’s stock.
About Wells Fargo & Company (Get Ranking).
Wells Fargo & Firm, a diversified economic services company, offers financial, investment, home mortgage, and also consumer as well as commercial money products and services in the USA and also globally. It operates through 4 sectors: Customer Financial and Borrowing; Commercial Banking; Corporate and Investment Banking; as well as Wide Range and also Investment Monitoring.