Wells Fargo & Firm (NYSE: WFC) had its target price decreased by Morgan Stanley from $66.00 to $59.00 in a report issued on Tuesday early morning, The Fly reports. Morgan Stanley currently has an obese rating on the financial providers’s stock.
A number of other brokerages likewise just recently provided reports on WFC. Citigroup updated Wells Fargo & Business from a neutral ranking to a buy rating and decreased their cost objective for the stock from $58.00 to $56.00 in a research report on Monday, April 11th. StockNews.com began coverage on Wells Fargo & Business in a research study report on Thursday, March 31st. They provided a hold rating on the stock. Piper Sandler set wells fargo stock today a $48.00 cost objective on Wells Fargo & Business in a study record on Monday, June 20th. Jefferies Financial Group reduced their price objective on Wells Fargo & Company from $55.00 to $47.00 in a study report on Monday. Lastly, Barclays increased their price objective on Wells Fargo & Firm from $62.00 to $64.00 in a study report on Monday, April 18th. 5 investment experts have ranked the stock with a hold rating and twelve have provided a buy rating to the firm’s stock. Based on data from FintechZoom, the business has an agreement rating of Modest Buy and also an agreement target cost of $55.50.
Wells Fargo & Company stock opened at $39.60 on Tuesday. Wells Fargo & Business has a one year low of $36.54 and also a one year high of $60.30. The business has a fifty day moving typical cost of $41.85 and also a 200-day moving average cost of $48.22. The company has a debt-to-equity ratio of 0.95, a current proportion of 0.80 and also a fast ratio of 0.79. The company has a market capitalization of $150.10 billion, a P/E proportion of 8.23, a PEG ratio of 0.98 and also a beta of 1.16.
Wells Fargo & Business (NYSE: WFC– Obtain Ranking) last uploaded its quarterly incomes results on Thursday, April 14th. The monetary providers reported $0.88 EPS for the quarter, topping analysts’ agreement quotes of $0.81 by $0.07. Wells Fargo & Company had a return on equity of 12.20% as well as a web margin of 25.35%. The company had profits of $17.59 billion throughout the quarter, contrasted to analyst price quotes of $17.82 billion. Throughout the exact same duration in 2014, the company made $1.05 incomes per share. Business’s earnings for the quarter was down 5.2% on a year-over-year basis. Sell-side experts expect that Wells Fargo & Business will publish 4.02 incomes per share for the existing .
The business also recently revealed a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of document on Friday, May sixth were issued a $0.25 dividend. The ex-dividend day of this reward was Thursday, May 5th. This represents a $1.00 annualized reward and also a dividend yield of 2.53%. Wells Fargo & Business’s returns payout ratio is currently 20.79%.
In various other information, EVP Kleber Santos offered 22,700 shares of Wells Fargo & Company stock in a purchase dated Tuesday, May 3rd. The stock was cost a typical price of $44.44, for a total value of $1,008,788.00. Following the transaction, the executive vice head of state currently has 21,478 shares in the firm, valued at $954,482.32. The purchase was divulged in a document submitted with the SEC, which can be accessed via this web link. 0.05% of the stock is presently owned by insiders.
Institutional investors as well as hedge funds have actually recently contributed to or decreased their risks in the business. Landmark Wealth Management LLC acquired a brand-new risk in shares of Wells Fargo & Firm in the first quarter worth regarding $40,000. Degree Financial Advisors Inc. purchased a brand-new stake in shares of Wells Fargo & Firm in the 4th quarter worth regarding $25,000. Gibson Riches Advisors LLC bought a brand-new risk in shares of Wells Fargo & Company in the 4th quarter worth concerning $25,000. Financial Administration Professionals Inc. grew its risk in shares of Wells Fargo & Company by 193.3% in the first quarter. Financial Administration Professionals Inc. now owns 522 shares of the financial services provider’s stock worth $25,000 after buying an added 344 shares throughout the last quarter. Finally, FNY Financial investment Advisers LLC got a brand-new stake in shares of Wells Fargo & Firm in the very first quarter worth concerning $25,000. Hedge funds and other institutional capitalists own 74.01% of the firm’s stock.
Regarding Wells Fargo & Firm (Obtain Score).
Wells Fargo & Company, a diversified financial solutions business, supplies financial, financial investment, home mortgage, and also customer and also industrial money product or services in the United States and globally. It runs with 4 sections: Consumer Financial as well as Borrowing; Commercial Financial; Corporate and also Investment Banking; and Wide Range as well as Financial Investment Management.