Wells Fargo & Company (WFC) Upgraded to Strong-Buy by Vetr Inc.

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.

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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.

Analyst Recommendations for Wells Fargo & (NYSE:WFC)

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