Wells Fargo & Co Stock Price, News & 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, July 23rd. Shareholders of record on Friday, August 9th will be paid a dividend of $0.51 per share on Sunday, September 1st. This represents a $2.04 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, August 8th. This is an increase from Wells Fargo & Co's previous quarterly dividend of $0.45. View Wells Fargo & Co's Dividend History.

Wells Fargo & Co announced that its Board of Directors has initiated a share repurchase 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 purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

Wells Fargo & Co (NYSE:WFC) issued its quarterly earnings results 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%. Wells Fargo & Co's revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the business 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 analysts have issued 12 month price targets for Wells Fargo & Co's shares. Their predictions 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 1.2%. 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, 15 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Wells Fargo & Co.

Media coverage about WFC stock has trended somewhat positive this week, according to InfoTrie. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Wells Fargo & Co earned a daily sentiment score of 0.8 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Wells Fargo & Co.

Wells Fargo & Co saw a increase in short interest in September. As of September 15th, there was short interest totalling 44,490,000 shares, an increase of 12.8% from the August 15th total of 39,450,000 shares. Based on an average daily volume of 19,740,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.0% of the company's stock are short sold. 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), Intesa Sanpaolo (ISNPY), Capital One Financial (COF), 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), JPMorgan Chase & Co. (JPM), General Electric (GE), AT&T (T), Verizon Communications (VZ), Intel (INTC), Alibaba Group (BABA), Netflix (NFLX), Ford Motor (F) and Micron Technology (MU).

Wells Fargo & Co's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Strs Ohio (0.07%), CIBC Private Wealth Group LLC (0.07%), Envestnet Asset Management Inc. (0.05%), Gateway Investment Advisers LLC (0.04%), Nisa Investment Advisors LLC (0.03%) and Manning & Napier Group LLC (0.02%). 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 CIBC Private Wealth Group LLC, Country Trust Bank, Strs Ohio, Perpetual Ltd, Artemis Investment Management LLP, Alpha Cubed Investments LLC, Fulton Breakefield Broenniman LLC and Gateway Investment Advisers LLC. View Insider Buying and Selling for Wells Fargo & Co.

WFC stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Envestnet Asset Management Inc., Berkshire Asset Management LLC PA, Nisa Investment Advisors LLC, YCG LLC, Cypress Wealth Services LLC, Winmill & CO. Inc. and Pacer Advisors Inc.. 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 $50.46.

Wells Fargo & Co has a market capitalization of $222.33 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]