Vetr upgraded shares of Wells Fargo & Company (NYSE:WFC) from a sell rating to a strong-buy rating in a research note issued to investors on Monday, November 6th.
Other research analysts have also issued research reports about the stock. UBS AG reaffirmed a neutral rating and issued a $56.00 price target (down previously from $59.00) on shares of Wells Fargo & in a research note on Friday, September 15th. Zacks Investment Research raised shares of Wells Fargo & from a sell rating to a hold rating in a research report on Thursday, October 12th. Piper Jaffray Companies reissued a neutral rating and issued a $50.00 price objective (down previously from $52.00) on shares of Wells Fargo & in a research report on Wednesday, September 13th. Berenberg Bank lowered shares of Wells Fargo & from a hold rating to a sell rating and boosted their price objective for the stock from $35.00 to $45.00 in a research report on Friday, July 21st. Finally, Robert W. Baird reissued a buy rating and issued a $58.00 price objective on shares of Wells Fargo & in a research report on Tuesday, September 5th. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Wells Fargo & has a consensus rating of Hold and an average price target of $57.20.
Wells Fargo & (NYSE WFC) opened at $54.15 on Monday. Wells Fargo & has a 1-year low of $49.27 and a 1-year high of $59.99. The stock has a market cap of $266,648.75, a PE ratio of 13.08, a P/E/G ratio of 1.30 and a beta of 0.97. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32.
Wells Fargo & (NYSE:WFC) last posted its quarterly earnings data on Friday, October 13th. The financial services provider reported $0.84 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.20). Wells Fargo & had a net margin of 22.00% and a return on equity of 12.59%. The company had revenue of $21.93 billion during the quarter, compared to analyst estimates of $22.30 billion. During the same quarter in the previous year, the business posted $1.03 EPS. The company’s revenue was down 1.8% compared to the same quarter last year. equities analysts predict that Wells Fargo & will post 3.97 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Wells Fargo & Company (WFC) Upgraded to Strong-Buy by Vetr Inc.” was originally reported by BBNS and is the sole property of of BBNS. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://baseballnewssource.com/markets/vetr-inc-upgrades-wells-fargo-company-wfc-to-strong-buy/1762095.html.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.88%. The ex-dividend date is Thursday, November 2nd. Wells Fargo &’s dividend payout ratio (DPR) is presently 40.31%.
A number of large investors have recently modified their holdings of WFC. Delphi Private Advisors LLC raised its stake in shares of Wells Fargo & by 262.8% during the 2nd quarter. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 1,461 shares during the period. Brick & Kyle Associates raised its stake in shares of Wells Fargo & by 9.5% during the 1st quarter. Brick & Kyle Associates now owns 1,859 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 162 shares during the period. Stelac Advisory Services LLC bought a new stake in shares of Wells Fargo & during the 2nd quarter worth $104,000. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Wells Fargo & by 0.3% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 6 shares during the period. Finally, Clear Investment Research LLC bought a new stake in shares of Wells Fargo & during the 2nd quarter worth $121,000. Institutional investors and hedge funds own 75.86% of the company’s stock.
About Wells Fargo &
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.
To view Vetr’s full report, visit Vetr’s official website.
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 our FREE daily email newsletter.