Wells Fargo & Co Stock Price, Forecast & Analysis (NYSE:WFC)

Wells Fargo & Co trades on the New York Stock Exchange (NYSE) under the ticker symbol "WFC."

Wells Fargo & Co announced a quarterly dividend on Tuesday, October 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.51 per share on Sunday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, November 7th. View Wells Fargo & Co's Dividend History.

Wells Fargo & Co announced that its Board of Directors has authorized a share buyback plan on Tuesday, July 23rd 2019, which authorizes the company to buyback 350,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board believes its shares are undervalued.

Wells Fargo & Co (NYSE:WFC) posted its quarterly earnings data on Tuesday, October, 15th. The financial services provider reported $0.92 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.15 by $0.23. The financial services provider had revenue of $22.01 billion for the quarter, compared to analyst estimates of $21.32 billion. Wells Fargo & Co had a return on equity of 13.01% and a net margin of 21.67%. The business's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 EPS. View Wells Fargo & Co's Earnings History.

Wells Fargo & Co is scheduled to release their next quarterly earnings announcement on Tuesday, January 21st 2020. View Earnings Estimates for Wells Fargo & Co.

21 analysts have issued 1 year target prices for Wells Fargo & Co's stock. Their forecasts range from $42.00 to $60.00. On average, they anticipate Wells Fargo & Co's stock price to reach $49.85 in the next year. This suggests that the stock has a possible downside of 7.7%. View Analyst Price Targets for Wells Fargo & Co.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Co in the last year. There are currently 3 sell ratings, 16 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Wells Fargo & Co.

Media headlines about WFC stock have trended very negative this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Wells Fargo & Co earned a news sentiment score of -3.9 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Wells Fargo & Co.

Wells Fargo & Co saw a decline in short interest in the month of October. As of October 15th, there was short interest totalling 41,770,000 shares, a decline of 7.5% from the September 15th total of 45,170,000 shares. Based on an average trading volume of 21,060,000 shares, the short-interest ratio is currently 2.0 days. Currently, 1.0% of the company's stock are sold short. View Wells Fargo & Co's Current Options Chain.

Some companies that are related to Wells Fargo & Co include JPMorgan Chase & Co. (JPM), Bank of America (BAC), Industrial & Cmrcl Bnk f China (IDCBY), Citigroup (C), U.S. Bancorp (USB), PNC Financial Services Group (PNC), National Australia Bank (NABZY), DBS GRP HOLDING/S (DBSDY), Capital One Financial (COF), Intesa Sanpaolo (ISNPY), UBS Group (UBS), BB&T (BBT), Mizuho Financial Group (MFG), BANCO DO BRASIL/S (BDORY) and SunTrust Banks (STI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Wells Fargo & Co investors own include Bank of America (BAC), Verizon Communications (VZ), JPMorgan Chase & Co. (JPM), AT&T (T), General Electric (GE), Alibaba Group (BABA), Netflix (NFLX), Ford Motor (F), Intel (INTC) and Micron Technology (MU).

Wells Fargo & Co's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (0.85%), EdgePoint Investment Group Inc. (0.38%), Sumitomo Mitsui Trust Holdings Inc. (0.36%), Alecta Pensionsforsakring Omsesidigt (0.23%), California Public Employees Retirement System (0.22%) and Rhumbline Advisers (0.16%). Company insiders that own Wells Fargo & Co stock include Avid Modjtabai, Hope A Hardison, John R Shrewsberry, Michael J Loughlin, Petros G Pelos, Richard Levy and Ronald Sargent. View Institutional Ownership Trends for Wells Fargo & Co.

WFC stock was sold by a variety of institutional investors in the last quarter, including Alecta Pensionsforsakring Omsesidigt, Findlay Park Partners LLP, CIBC Private Wealth Group LLC, State of New Jersey Common Pension Fund D, Massachusetts Financial Services Co. MA, Country Trust Bank, Eagle Asset Management Inc. and Mondrian Investment Partners LTD. View Insider Buying and Selling for Wells Fargo & Co.

WFC stock was purchased by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Alpine Woods Capital Investors LLC, Marathon Asset Management LLP, First Trust Advisors LP, BBVA USA Bancshares Inc., State of Alaska Department of Revenue, Envestnet Asset Management Inc. and Hikari Power Ltd. View Insider Buying and Selling for Wells Fargo & Co.

Shares of WFC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of WFC stock can currently be purchased for approximately $54.00.

Wells Fargo & Co has a market capitalization of $228.39 billion and generates $101.06 billion in revenue each year. The financial services provider earns $22.39 billion in net income (profit) each year or $4.38 on an earnings per share basis. Wells Fargo & Co employs 259,000 workers across the globe.View Additional Information About Wells Fargo & Co.

The official website for Wells Fargo & Co is http://www.wellsfargo.com/.

Wells Fargo & Co's mailing address is 420 MONTGOMERY STREET, SAN FRANCISCO CA, 94163. The financial services provider can be reached via phone at 866-249-3302 or via email at [email protected]