S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
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S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
Ulta Issues A Beautiful FY Outlook, But Is the Stock A Buy Now?
Microsoft strikes 10-year deal with Nintendo on Call of Duty
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
Southwest Airlines brings back dividend as travel rebounds
Could trawler cams help save world's dwindling fish stocks?
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
Ulta Issues A Beautiful FY Outlook, But Is the Stock A Buy Now?
Microsoft strikes 10-year deal with Nintendo on Call of Duty
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
Southwest Airlines brings back dividend as travel rebounds
Could trawler cams help save world's dwindling fish stocks?
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
Ulta Issues A Beautiful FY Outlook, But Is the Stock A Buy Now?
Microsoft strikes 10-year deal with Nintendo on Call of Duty
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
Southwest Airlines brings back dividend as travel rebounds
Could trawler cams help save world's dwindling fish stocks?

Wells Fargo & Company (NYSE:WFC) Given Consensus Recommendation of "Moderate Buy" by Analysts

Wells Fargo & Company (NYSE:WFC) has been assigned a consensus recommendation of "Moderate Buy" from the eighteen research firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $55.03.

WFC has been the topic of a number of analyst reports. Piper Sandler increased their price objective on Wells Fargo & Company from $48.00 to $49.00 and gave the company an "overweight" rating in a research note on Monday, October 17th. The Goldman Sachs Group raised Wells Fargo & Company from a "neutral" rating to a "buy" rating and increased their price objective for the company from $46.00 to $48.00 in a research note on Monday, October 3rd. BMO Capital Markets increased their price objective on Wells Fargo & Company from $61.00 to $63.00 and gave the company a "market perform" rating in a research note on Monday, October 17th. Morgan Stanley decreased their price objective on Wells Fargo & Company from $62.00 to $59.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 5th. Finally, JPMorgan Chase & Co. increased their price objective on Wells Fargo & Company from $46.50 to $49.50 in a research note on Wednesday, November 2nd.

Hedge Funds Weigh In On Wells Fargo & Company


A number of large investors have recently modified their holdings of WFC. Retirement Group LLC raised its holdings in shares of Wells Fargo & Company by 6,250.0% during the 1st quarter. Retirement Group LLC now owns 635 shares of the financial services provider's stock valued at $31,000 after buying an additional 625 shares during the period. Truvestments Capital LLC purchased a new stake in Wells Fargo & Company during the 2nd quarter worth approximately $26,000. Financial Management Professionals Inc. increased its holdings in Wells Fargo & Company by 66.6% during the 3rd quarter. Financial Management Professionals Inc. now owns 688 shares of the financial services provider's stock worth $28,000 after purchasing an additional 275 shares during the last quarter. Destiny Wealth Partners LLC increased its holdings in Wells Fargo & Company by 716.0% during the 2nd quarter. Destiny Wealth Partners LLC now owns 767 shares of the financial services provider's stock worth $30,000 after purchasing an additional 673 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in Wells Fargo & Company by 100.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 800 shares of the financial services provider's stock worth $31,000 after purchasing an additional 400 shares during the last quarter. 72.23% of the stock is currently owned by hedge funds and other institutional investors.

Wells Fargo & Company Stock Up 0.7 %

Wells Fargo & Company stock opened at $46.84 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $178.48 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 1.20 and a beta of 1.16. Wells Fargo & Company has a fifty-two week low of $36.54 and a fifty-two week high of $60.30. The stock's fifty day moving average is $44.08 and its two-hundred day moving average is $43.18.

Wells Fargo & Company (NYSE:WFC - Get Rating) last posted its earnings results on Friday, October 14th. The financial services provider reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.24). The firm had revenue of $19.51 billion during the quarter, compared to analyst estimates of $18.78 billion. Wells Fargo & Company had a net margin of 19.95% and a return on equity of 10.95%. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the company posted $1.17 EPS. Analysts predict that Wells Fargo & Company will post 3.81 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 4th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.56%. Wells Fargo & Company's dividend payout ratio (DPR) is 31.17%.

Wells Fargo & Company Company Profile

(Get Rating)

Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: 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)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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