Analysts Set Wells Fargo & Company (NYSE:WFC) Price Target at $94.03

Shares of Wells Fargo & Company (NYSE:WFC) have been given a consensus recommendation of “Hold” by the twenty-four research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $94.8684.

A number of research analysts have weighed in on WFC shares. HSBC reissued a “hold” rating and issued a $74.00 target price on shares of Wells Fargo & Company in a research note on Wednesday, January 7th. Dbs Bank raised Wells Fargo & Company to a “moderate buy” rating in a report on Tuesday, October 21st. Bank of America lifted their price objective on Wells Fargo & Company from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Truist Financial dropped their target price on Wells Fargo & Company from $104.00 to $100.00 and set a “buy” rating for the company in a report on Thursday. Finally, Wall Street Zen raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th.

View Our Latest Stock Analysis on WFC

Institutional Trading of Wells Fargo & Company

Several hedge funds have recently made changes to their positions in WFC. Private Wealth Group LLC grew its position in Wells Fargo & Company by 2.5% in the fourth quarter. Private Wealth Group LLC now owns 4,514 shares of the financial services provider’s stock worth $421,000 after acquiring an additional 108 shares during the period. Main Street Group LTD lifted its stake in shares of Wells Fargo & Company by 36.9% in the 3rd quarter. Main Street Group LTD now owns 438 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 118 shares during the last quarter. D Orazio & Associates Inc. grew its holdings in shares of Wells Fargo & Company by 3.6% during the 3rd quarter. D Orazio & Associates Inc. now owns 3,436 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 118 shares during the period. Stonebrook Private Inc. increased its position in shares of Wells Fargo & Company by 2.7% during the 3rd quarter. Stonebrook Private Inc. now owns 4,511 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 118 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC raised its holdings in Wells Fargo & Company by 2.0% in the 3rd quarter. Hidden Cove Wealth Management LLC now owns 5,948 shares of the financial services provider’s stock valued at $499,000 after buying an additional 119 shares during the period. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Trading Down 0.7%

Shares of WFC opened at $88.36 on Thursday. Wells Fargo & Company has a 52-week low of $58.42 and a 52-week high of $97.76. The stock has a market cap of $277.37 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 0.81 and a beta of 1.09. The firm’s fifty day moving average is $90.17 and its two-hundred day moving average is $84.83. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.05.

Wells Fargo & Company (NYSE:WFCGet Free Report) last issued its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. The business had revenue of $21.29 billion during the quarter, compared to analysts’ expectations of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 earnings per share. Research analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.0%. Wells Fargo & Company’s payout ratio is 28.71%.

Key Headlines Impacting Wells Fargo & Company

Here are the key news stories impacting Wells Fargo & Company this week:

Wells Fargo & Company Company Profile

(Get Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including 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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