Wells Fargo & Company (NYSE:WFC) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-six brokerages that are presently covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $97.5250.
A number of analysts recently weighed in on WFC shares. Wall Street Zen upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Evercore restated an “outperform” rating on shares of Wells Fargo & Company in a research report on Friday, March 6th. JPMorgan Chase & Co. dropped their target price on Wells Fargo & Company from $91.00 to $86.50 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Keefe, Bruyette & Woods dropped their target price on Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating for the company in a research report on Wednesday, April 15th. Finally, Morgan Stanley dropped their target price on Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st.
Read Our Latest Stock Analysis on Wells Fargo & Company
More Wells Fargo & Company News
- Positive Sentiment: Wells Fargo is being highlighted by analysts as a potential top dividend stock, which may help support investor interest in the shares. Wells Fargo (WFC) is a Top Dividend Stock Right Now: Should You Buy?
- Positive Sentiment: The bank announced mortgage incentives for homes built with ICON’s 3D-printing technology, a small but notable move that could expand its presence in an emerging housing niche. Wells Fargo to offer mortgage incentives on 3D printed homes with Icon
- Positive Sentiment: Wells Fargo and other major banks cleared a key regulatory review of their “living wills,” reducing near-term compliance concerns for the sector. JPM, WFC & Others Clear Key Regulatory Hurdle on Living Wills
- Neutral Sentiment: Wells Fargo also cut its price target on Meta Platforms, but kept a bullish long-term stance on AI, which is more relevant to Meta than to WFC itself. Wells Fargo revises Meta stock price target for rest of 2026
- Negative Sentiment: The biggest overhang is the reported $100 million settlement tied to helping struggling homebuyers after a discrimination lawsuit, which adds to Wells Fargo’s legal and reputational costs. Wells Fargo settlement will pay $100M to help struggling homebuyers in 51 cities — Is your community is on the list?
Wells Fargo & Company Stock Up 1.6%
Shares of NYSE WFC opened at $77.60 on Wednesday. Wells Fargo & Company has a 52 week low of $71.93 and a 52 week high of $97.76. The business has a 50-day simple moving average of $79.02 and a two-hundred day simple moving average of $85.10. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.12. The company has a market cap of $237.47 billion, a P/E ratio of 11.98, a P/E/G ratio of 0.90 and a beta of 0.96.
Wells Fargo & Company (NYSE:WFC – Get Free Report) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. The firm had revenue of $11.62 billion during the quarter, compared to the consensus estimate of $21.85 billion. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $1.39 EPS. Research analysts anticipate that Wells Fargo & Company will post 6.82 earnings per share for the current fiscal year.
Wells Fargo & Company Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 8th will be given a $0.45 dividend. The ex-dividend date is Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. Wells Fargo & Company’s payout ratio is presently 27.78%.
Insider Buying and Selling
In related news, EVP Bridget E. Engle sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $87.10, for a total value of $2,613,000.00. Following the completion of the sale, the executive vice president owned 83,478 shares in the company, valued at $7,270,933.80. The trade was a 26.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ellen R. Patterson sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $87.40, for a total value of $5,244,000.00. Following the completion of the sale, the executive vice president owned 169,496 shares of the company’s stock, valued at $14,813,950.40. The trade was a 26.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.14% of the company’s stock.
Hedge Funds Weigh In On Wells Fargo & Company
A number of large investors have recently bought and sold shares of WFC. Godfrey Financial Associates Inc. purchased a new position in Wells Fargo & Company in the 4th quarter worth approximately $25,000. Miller Capital Partners Inc. purchased a new position in Wells Fargo & Company in the 4th quarter worth approximately $25,000. Navalign LLC purchased a new position in Wells Fargo & Company in the 4th quarter worth approximately $26,000. Redmont Wealth Advisors LLC purchased a new position in Wells Fargo & Company in the 3rd quarter worth approximately $27,000. Finally, Joseph Group Capital Management purchased a new position in Wells Fargo & Company in the 4th quarter worth approximately $28,000. 75.90% of the stock is owned by hedge funds and other institutional investors.
About Wells Fargo & Company
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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