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 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Thursday, November 7th. View Wells Fargo & Co's Dividend History.

Wells Fargo & Co declared that its board has approved a share repurchase program on Tuesday, July 23rd 2019, which authorizes the company to buyback 350,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Wells Fargo & Co (NYSE:WFC) announced its earnings results on Tuesday, October, 15th. The financial services provider reported $0.92 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 analysts' expectations of $21.32 billion. Wells Fargo & Co had a net margin of 21.67% and a return on equity of 13.01%. Wells Fargo & Co's revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company earned $1.13 earnings per share. 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 12-month price targets for Wells Fargo & Co's stock. Their forecasts range from $42.00 to $60.00. On average, they expect Wells Fargo & Co's share price to reach $49.85 in the next year. This suggests that the stock has a possible downside of 7.8%. 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 coverage about WFC stock has been trending very negative this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Wells Fargo & Co earned a daily sentiment score of -3.2 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Wells Fargo & Co.

Wells Fargo & Co saw a decrease in short interest during the month of October. As of October 31st, there was short interest totalling 41,770,000 shares, a decrease of 7.5% from the September 30th total of 45,170,000 shares. Based on an average 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), UBS Group (UBS), Intesa Sanpaolo (ISNPY), 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), General Electric (GE), AT&T (T), Alibaba Group (BABA), Netflix (NFLX), Ford Motor (F), Micron Technology (MU) and Intel (INTC).

Wells Fargo & Co's stock is owned by a variety of of institutional and retail 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 acquired 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 $54.05.

Wells Fargo & Co has a market capitalization of $228.60 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]