Seaport Res Ptn Has Bullish Outlook for WFC FY2025 Earnings

Key Points

• Seaport Res Ptn has increased its FY2025 earnings per share estimate for Wells Fargo & Company from $5.87 to $5.93, predicting continued growth in earnings through FY2027 at $7.90 EPS.
• Wells Fargo recently reported $1.54 EPS for the last quarter, surpassing analysts' expectations of $1.41, with a revenue of $20.82 billion.
• The company has increased its quarterly dividend from $0.40 to $0.45, representing a 2.2% dividend yield, with a payout ratio of 30.82%.

Wells Fargo & Company (NYSE:WFC - Free Report) - Research analysts at Seaport Res Ptn boosted their FY2025 EPS estimates for Wells Fargo & Company in a note issued to investors on Monday, October 6th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will post earnings per share of $5.93 for the year, up from their previous forecast of $5.87. The consensus estimate for Wells Fargo & Company's current full-year earnings is $5.89 per share. Seaport Res Ptn also issued estimates for Wells Fargo & Company's FY2027 earnings at $7.90 EPS.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.13. The business had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.83 billion. Wells Fargo & Company had a return on equity of 12.29% and a net margin of 16.82%.The company's revenue was up .6% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS.

A number of other research firms have also recently weighed in on WFC. Raymond James Financial cut shares of Wells Fargo & Company from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 7th. Weiss Ratings reissued a "hold (c)" rating on shares of Wells Fargo & Company in a research note on Saturday, September 27th. The Goldman Sachs Group cut their price objective on Wells Fargo & Company from $92.00 to $91.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Phillip Securities lowered Wells Fargo & Company from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, July 17th. Finally, Piper Sandler reiterated an "overweight" rating on shares of Wells Fargo & Company in a research report on Tuesday, July 8th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.74.

Wells Fargo & Company Stock Down 0.0%

Shares of WFC stock opened at $80.63 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 1.06. The stock has a market cap of $258.29 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.24 and a beta of 1.25. The stock has a 50 day moving average of $80.72 and a 200 day moving average of $76.39. Wells Fargo & Company has a twelve month low of $56.80 and a twelve month high of $86.65.

Wells Fargo & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Friday, August 8th were issued a $0.45 dividend. This is an increase from Wells Fargo & Company's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, August 8th. Wells Fargo & Company's payout ratio is currently 30.82%.

Institutional Trading of Wells Fargo & Company

Hedge funds have recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Wells Fargo & Company by 62.3% during the fourth quarter. Brighton Jones LLC now owns 66,233 shares of the financial services provider's stock worth $4,652,000 after buying an additional 25,436 shares during the period. Procyon Advisors LLC boosted its stake in Wells Fargo & Company by 2.8% during the first quarter. Procyon Advisors LLC now owns 6,823 shares of the financial services provider's stock worth $490,000 after buying an additional 184 shares during the period. UMB Bank n.a. boosted its stake in Wells Fargo & Company by 0.3% during the first quarter. UMB Bank n.a. now owns 94,040 shares of the financial services provider's stock worth $6,751,000 after buying an additional 327 shares during the period. Miracle Mile Advisors LLC boosted its position in shares of Wells Fargo & Company by 0.8% during the 1st quarter. Miracle Mile Advisors LLC now owns 35,455 shares of the financial services provider's stock worth $2,545,000 after purchasing an additional 289 shares during the period. Finally, First Citizens Bank & Trust Co. increased its holdings in Wells Fargo & Company by 2.2% in the 1st quarter. First Citizens Bank & Trust Co. now owns 36,632 shares of the financial services provider's stock valued at $2,630,000 after purchasing an additional 778 shares during the last quarter. Hedge funds and other institutional investors own 75.90% of the company's stock.

Wells Fargo & Company Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.

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