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 declared a quarterly dividend on Tuesday, October 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.51 per share on Sunday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date is Thursday, November 7th. View Wells Fargo & Co's Dividend History.

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

Wells Fargo & Co (NYSE:WFC) released its quarterly earnings data on Tuesday, October, 15th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by $0.23. The financial services provider earned $22.01 billion during 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%. Wells Fargo & Co's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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 Wall Street analysts have issued 12 month price targets for Wells Fargo & Co's shares. Their forecasts range from $42.00 to $60.00. On average, they expect Wells Fargo & Co's stock price to reach $50.21 in the next year. This suggests that the stock has a possible downside of 6.2%. 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.

News stories about WFC stock have trended somewhat negative on Wednesday, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press 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 -5 to 5, with scores nearest to five being the most favorable. Wells Fargo & Co earned a news impact score of -1.9 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Wells Fargo & Co.

Wells Fargo & Co saw a drop in short interest in October. As of October 15th, there was short interest totalling 41,770,000 shares, a drop of 7.5% from the September 15th total of 45,170,000 shares. Based on an average daily trading volume, of 21,060,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.0% of the shares of the 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 many different of retail and institutional investors. Top institutional shareholders 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 bought 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 $53.54.

Wells Fargo & Co has a market capitalization of $226.44 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]