Wells Fargo & Firm (NYSE: WFC) had its target rate decreased by Morgan Stanley from $66.00 to $59.00 in a record provided on Tuesday morning, The Fly records. Morgan Stanley presently has an overweight score on the monetary companies’s stock.
A number of other brokerages additionally recently issued reports on WFC. Citigroup upgraded Wells Fargo & Firm from a neutral rating to a buy rating and also 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 & Firm in a research report on Thursday, March 31st. They issued a hold rating on the stock. Piper Sandler set wells fargo stock quote a $48.00 cost objective on Wells Fargo & Business in a study record on Monday, June 20th. Jefferies Financial Group reduced their price goal on Wells Fargo & Company from $55.00 to $47.00 in a study record on Monday. Finally, Barclays enhanced their price purpose on Wells Fargo & Business from $62.00 to $64.00 in a research report on Monday, April 18th. Five investment analysts have rated the stock with a hold score and twelve have actually given a buy ranking to the company’s stock. Based on information from FintechZoom, the business has an agreement ranking of Moderate Buy as well as an agreement target rate of $55.50.
Wells Fargo & Company stock opened at $39.60 on Tuesday. Wells Fargo & Firm has a one year low of $36.54 and also a one year high of $60.30. Business has a fifty day moving typical rate of $41.85 and a 200-day moving average price of $48.22. The business has a debt-to-equity ratio of 0.95, an existing proportion of 0.80 and also a fast ratio of 0.79. The firm has a market capitalization of $150.10 billion, a P/E ratio of 8.23, a PEG ratio of 0.98 as well as a beta of 1.16.
Wells Fargo & Company (NYSE: WFC– Obtain Rating) last uploaded its quarterly profits results on Thursday, April 14th. The monetary services provider reported $0.88 EPS for the quarter, topping experts’ agreement estimates of $0.81 by $0.07. Wells Fargo & Firm had a return on equity of 12.20% and also an internet margin of 25.35%. The company had profits of $17.59 billion during the quarter, compared to analyst estimates of $17.82 billion. Throughout the very same duration last year, the company earned $1.05 incomes per share. Business’s revenue for the quarter was down 5.2% on a year-over-year basis. Sell-side experts expect that Wells Fargo & Company will certainly publish 4.02 profits per share for the current fiscal year.
The business also just recently revealed a quarterly returns, which was paid on Wednesday, June 1st. Shareholders of document on Friday, May 6th were provided a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 5th. This stands for a $1.00 annualized dividend and also a returns return of 2.53%. Wells Fargo & Firm’s dividend payment ratio is currently 20.79%.
In various other information, EVP Kleber Santos marketed 22,700 shares of Wells Fargo & Company stock in a deal dated Tuesday, May 3rd. The stock was sold at a typical price of $44.44, for a total worth of $1,008,788.00. Adhering to the transaction, the executive vice president now owns 21,478 shares in the firm, valued at $954,482.32. The purchase was disclosed in a record filed with the SEC, which can be accessed via this web link. 0.05% of the stock is currently had by insiders.
Institutional financiers and hedge funds have actually lately contributed to or minimized their risks in the company. Spots Wealth Management LLC purchased a new risk in shares of Wells Fargo & Firm in the very first quarter worth regarding $40,000. Level Financial Advisors Inc. acquired a brand-new stake in shares of Wells Fargo & Firm in the fourth quarter worth regarding $25,000. Gibson Wealth Advisors LLC bought a brand-new risk in shares of Wells Fargo & Company in the 4th quarter worth concerning $25,000. Financial Monitoring Professionals Inc. grew its stake in shares of Wells Fargo & Company by 193.3% in the initial quarter. Financial Monitoring Professionals Inc. currently possesses 522 shares of the economic companies’s stock worth $25,000 after acquiring an extra 344 shares during the last quarter. Ultimately, FNY Financial investment Advisers LLC bought a new stake in shares of Wells Fargo & Company in the initial quarter worth concerning $25,000. Hedge funds and also other institutional investors own 74.01% of the firm’s stock.
About Wells Fargo & Company (Obtain Rating).
Wells Fargo & Company, a varied economic solutions business, provides financial, financial investment, home mortgage, and customer as well as industrial money services and products in the USA and also internationally. It operates through four sections: Consumer Financial and Borrowing; Commercial Banking; Corporate as well as Financial Investment Financial; and Wealth and Investment Administration.