Media coverage about Wells Fargo & Co (NYSE:WFC) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wells Fargo & Co earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.2593687400965 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Abbot Downing Launches Institute for Family Culture With Focus on Family Business Transitions and Social Impact Analysis (finance.yahoo.com)
- Wells Fargo's Mayo Sees Blankfein Leaving in 2019 (finance.yahoo.com)
- Wells Fargo says the S&P 500 is going to take the scenic route to all-time highs this year (cnbc.com)
- Wells Fargo Preferred Bank for NRA (finance.yahoo.com)
- Wells Fargo puts its sports account with MKTG into review (finance.yahoo.com)
Wells Fargo & Co (NYSE:WFC) traded down $0.21 during trading hours on Monday, reaching $58.02. 12,414,478 shares of the company traded hands, compared to its average volume of 27,470,000. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 1.23. Wells Fargo & Co has a twelve month low of $49.27 and a twelve month high of $66.31. The firm has a market cap of $285,710.00, a P/E ratio of 16.07, a PEG ratio of 1.52 and a beta of 1.08.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Friday, February 2nd were given a dividend of $0.39 per share. The ex-dividend date was Thursday, February 1st. This represents a $1.56 annualized dividend and a yield of 2.69%. Wells Fargo & Co’s dividend payout ratio is presently 43.21%.
Wells Fargo & Co announced that its board has approved a stock repurchase program on Tuesday, January 23rd that allows the company to buyback 350,000,000 outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
Several equities analysts have commented on WFC shares. Morgan Stanley raised their target price on shares of Wells Fargo & Co from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Sandler O’Neill raised shares of Wells Fargo & Co from a “hold” rating to a “buy” rating and raised their target price for the company from $62.04 to $73.00 in a report on Tuesday, January 9th. JPMorgan Chase & Co. lowered shares of Wells Fargo & Co from a “neutral” rating to an “underweight” rating in a report on Monday, February 5th. Sanford C. Bernstein raised shares of Wells Fargo & Co from a “market perform” rating to an “outperform” rating and raised their target price for the company from $64.00 to $69.00 in a report on Wednesday, January 3rd. Finally, Vetr raised shares of Wells Fargo & Co from a “strong sell” rating to a “sell” rating and set a $54.78 target price on the stock in a report on Monday, February 5th. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company. Wells Fargo & Co has an average rating of “Hold” and an average target price of $62.90.
In other Wells Fargo & Co news, Director Ronald Sargent bought 9,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $55.98 per share, for a total transaction of $503,820.00. Following the transaction, the director now directly owns 81 shares in the company, valued at $4,534.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is owned by company insiders.
Wells Fargo & Co Company Profile
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.
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