Wells Fargo & Company (NYSE: WFC) had its target rate decreased by Morgan Stanley from $66.00 to $59.00 in a report released on Tuesday early morning, The Fly records. Morgan Stanley currently has an overweight rating on the financial companies's stock.
A variety of other brokerage firms also just recently issued reports on WFC. Citigroup updated Wells Fargo & Firm from a neutral rating to a buy ranking as well as lowered their cost goal for the stock from $58.00 to $56.00 in a research study record on Monday, April 11th. StockNews.com began protection on Wells Fargo & Company in a research report on Thursday, March 31st. They released a hold score on the stock. Piper Sandler established wells fargo stock buy a $48.00 cost goal on Wells Fargo & Business in a study record on Monday, June 20th. Jefferies Financial Group reduced their cost goal on Wells Fargo & Company from $55.00 to $47.00 in a research report on Monday. Lastly, Barclays increased their cost purpose on Wells Fargo & Company from $62.00 to $64.00 in a research study report on Monday, April 18th. 5 investment analysts have actually ranked the stock with a hold score and twelve have actually provided a buy ranking to the firm's stock. Based on data from FintechZoom, the firm has a consensus rating of Moderate Buy and a consensus target price of $55.50.
Wells Fargo & Company stock opened up at $39.60 on Tuesday. Wells Fargo & Business has a one year low of $36.54 as well as a one year high of $60.30. The business has a fifty day relocating ordinary price of $41.85 and also a 200-day moving average price of $48.22. The company has a debt-to-equity proportion of 0.95, a present proportion of 0.80 as well as a fast proportion of 0.79. The firm has a market capitalization of $150.10 billion, a P/E proportion of 8.23, a PEG ratio of 0.98 and also a beta of 1.16.
Wells Fargo & Firm (NYSE: WFC-- Obtain Score) last posted its quarterly revenues outcomes on Thursday, April 14th. The monetary providers reported $0.88 EPS for the quarter, topping experts' agreement quotes of $0.81 by $0.07. Wells Fargo & Firm had a return on equity of 12.20% as well as a net margin of 25.35%. The firm had earnings of $17.59 billion throughout the quarter, contrasted to expert estimates of $17.82 billion. Throughout the exact same duration last year, the company earned $1.05 incomes per share. Business's revenue for the quarter was down 5.2% on a year-over-year basis. Sell-side analysts expect that Wells Fargo & Company will certainly post 4.02 profits per share for the present fiscal year.
Business likewise recently revealed a quarterly reward, which was paid on Wednesday, June 1st. Shareholders of record on Friday, May 6th were released a $0.25 reward. The ex-dividend day of this reward was Thursday, May 5th. This stands for a $1.00 annualized dividend as well as a returns yield of 2.53%. Wells Fargo & Firm's dividend payout ratio is currently 20.79%.
In other information, EVP Kleber Santos offered 22,700 shares of Wells Fargo & Firm stock in a transaction dated Tuesday, May 3rd. The stock was sold at a typical cost of $44.44, for an overall value of $1,008,788.00. Complying with the deal, the executive vice president now has 21,478 shares in the firm, valued at $954,482.32. The deal was disclosed in a paper submitted with the SEC, which can be accessed via this link. 0.05% of the stock is currently owned by experts.
Institutional capitalists and also hedge funds have recently included in or lowered their stakes in the company. Spots Riches Management LLC got a brand-new risk in shares of Wells Fargo & Firm in the initial quarter worth about $40,000. Degree Financial Advisors Inc. acquired a brand-new stake in shares of Wells Fargo & Firm in the fourth quarter worth about $25,000. Gibson Riches Advisors LLC acquired a brand-new risk in shares of Wells Fargo & Company in the 4th quarter worth about $25,000. Financial Management Professionals Inc. expanded its stake in shares of Wells Fargo & Company by 193.3% in the very first quarter. Financial Administration Professionals Inc. now has 522 shares of the financial services provider's stock worth $25,000 after purchasing an extra 344 shares throughout the last quarter. Lastly, FNY Financial investment Advisers LLC got a brand-new stake in shares of Wells Fargo & Company in the initial quarter worth concerning $25,000. Hedge funds and various other institutional financiers possess 74.01% of the firm's stock.
About Wells Fargo & Firm (Get Score).
Wells Fargo & Firm, a diversified monetary solutions company, provides banking, financial investment, home loan, and customer and business finance product or services in the USA and globally. It operates with 4 sections: Customer Financial and also Loaning; Commercial Financial; Corporate and also Investment Banking; and also Riches and Financial Investment Management.