Wells Fargo & Company (NYSE:WFC) Given Consensus Rating of “Hold” by Brokerages

Shares of Wells Fargo & Company (NYSE:WFC) have been given an average recommendation of “Hold” by the twenty analysts that are currently covering the firm, Marketbeat.com reports. Thirteen investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $58.99.

Several brokerages recently commented on WFC. HSBC upped their price target on shares of Wells Fargo & Company from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. upped their price target on shares of Wells Fargo & Company from $59.00 to $61.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Morgan Stanley upped their price target on shares of Wells Fargo & Company from $63.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Citigroup reissued a “neutral” rating and issued a $63.00 price objective (up previously from $57.00) on shares of Wells Fargo & Company in a research report on Wednesday, March 20th. Finally, The Goldman Sachs Group increased their price objective on shares of Wells Fargo & Company from $57.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, April 1st.

Get Our Latest Analysis on Wells Fargo & Company

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WFC. Rathbones Group PLC bought a new position in Wells Fargo & Company during the 3rd quarter valued at $4,741,000. V Square Quantitative Management LLC lifted its position in shares of Wells Fargo & Company by 1,521.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 4,622 shares of the financial services provider’s stock worth $189,000 after buying an additional 4,337 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Wells Fargo & Company by 7.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 362,984 shares of the financial services provider’s stock worth $14,832,000 after buying an additional 25,980 shares during the last quarter. Retirement Planning Co of New England Inc. lifted its position in shares of Wells Fargo & Company by 60.1% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 36,104 shares of the financial services provider’s stock worth $1,475,000 after buying an additional 13,557 shares during the last quarter. Finally, Security National Bank of SO Dak lifted its position in shares of Wells Fargo & Company by 3.0% in the 3rd quarter. Security National Bank of SO Dak now owns 8,591 shares of the financial services provider’s stock worth $351,000 after buying an additional 252 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors.

Wells Fargo & Company Stock Performance

Shares of WFC opened at $58.10 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.86 and a current ratio of 0.87. The company has a market capitalization of $202.55 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 1.45 and a beta of 1.17. The company’s 50 day simple moving average is $59.54 and its 200 day simple moving average is $54.74. Wells Fargo & Company has a 1 year low of $38.38 and a 1 year high of $62.55.

Wells Fargo & Company (NYSE:WFCGet Free Report) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.10 by $0.10. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The firm had revenue of $20.86 billion during the quarter, compared to analyst estimates of $20.19 billion. During the same quarter in the prior year, the business posted $1.23 earnings per share. Wells Fargo & Company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts predict that Wells Fargo & Company will post 5.14 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Friday, May 10th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.40 dividend on an annualized basis and a yield of 2.41%. Wells Fargo & Company’s dividend payout ratio (DPR) is 29.23%.

Wells Fargo & Company Company Profile

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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.

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Analyst Recommendations for Wells Fargo & Company (NYSE:WFC)

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