Wells Fargo & Firm (NYSE: WFC) had its target price decreased by Morgan Stanley from $66.00 to $59.00 in a report issued on Tuesday morning, The Fly reports. Morgan Stanley currently has an overweight score on the financial services provider's stock.
A number of other brokerages additionally just recently issued records on WFC. Citigroup upgraded Wells Fargo & Company from a neutral score to a buy score and also decreased their cost purpose for the stock from $58.00 to $56.00 in a research study record on Monday, April 11th. StockNews.com began insurance coverage on Wells Fargo & Company in a study report on Thursday, March 31st. They released a hold rating on the stock. Piper Sandler established wells fargo stock a $48.00 cost purpose on Wells Fargo & Firm in a research record on Monday, June 20th. Jefferies Financial Group reduced their price goal on Wells Fargo & Business from $55.00 to $47.00 in a research study record on Monday. Lastly, Barclays raised their rate goal on Wells Fargo & Company from $62.00 to $64.00 in a research study report on Monday, April 18th. Five financial investment analysts have ranked the stock with a hold ranking as well as twelve have actually offered a buy ranking to the company's stock. Based on information from FintechZoom, the firm has a consensus rating of Modest Buy as well as an agreement target price of $55.50.
Wells Fargo & Business stock opened up at $39.60 on Tuesday. Wells Fargo & Business has a one year low of $36.54 and a one year high of $60.30. The business has a fifty day moving ordinary rate of $41.85 and also a 200-day relocating ordinary cost of $48.22. The company has a debt-to-equity proportion of 0.95, a current ratio of 0.80 and a quick ratio of 0.79. The firm has a market capitalization of $150.10 billion, a P/E ratio of 8.23, a PEG ratio of 0.98 as well as a beta of 1.16.
Wells Fargo & Firm (NYSE: WFC-- Obtain Score) last uploaded its quarterly profits outcomes on Thursday, April 14th. The monetary services provider reported $0.88 EPS for the quarter, covering experts' agreement quotes of $0.81 by $0.07. Wells Fargo & Business had a return on equity of 12.20% and also a web margin of 25.35%. The firm had revenue of $17.59 billion during the quarter, contrasted to expert price quotes of $17.82 billion. Throughout the very same duration last year, the firm made $1.05 earnings per share. Business's income for the quarter was down 5.2% on a year-over-year basis. Sell-side experts expect that Wells Fargo & Firm will certainly upload 4.02 incomes per share for the existing .
The business also just recently divulged a quarterly dividend, which was paid on Wednesday, June 1st. Shareholders of document on Friday, May 6th were released a $0.25 returns. The ex-dividend date of this dividend was Thursday, May 5th. This represents a $1.00 annualized returns and also a reward return of 2.53%. Wells Fargo & Company's returns payout proportion is currently 20.79%.
In various other information, EVP Kleber Santos marketed 22,700 shares of Wells Fargo & Company stock in a transaction dated Tuesday, May 3rd. The stock was cost a typical price of $44.44, for an overall value of $1,008,788.00. Following the deal, the executive vice president currently possesses 21,478 shares in the firm, valued at $954,482.32. The deal was disclosed in a file submitted with the SEC, which can be accessed via this link. 0.05% of the stock is currently had by experts.
Institutional financiers and also hedge funds have actually recently included in or decreased their risks in the firm. Site Riches Administration LLC purchased a new risk in shares of Wells Fargo & Company in the very first quarter worth regarding $40,000. Degree Financial Advisors Inc. purchased a new stake in shares of Wells Fargo & Business in the 4th quarter worth about $25,000. Gibson Wealth Advisors LLC purchased a brand-new stake in shares of Wells Fargo & Business in the 4th quarter worth about $25,000. Financial Administration Professionals Inc. grew its stake in shares of Wells Fargo & Business by 193.3% in the initial quarter. Financial Administration Professionals Inc. currently owns 522 shares of the monetary services provider's stock worth $25,000 after buying an added 344 shares during the last quarter. Finally, FNY Financial investment Advisers LLC acquired a new risk in shares of Wells Fargo & Firm in the initial quarter worth about $25,000. Hedge funds and other institutional financiers possess 74.01% of the business's stock.
About Wells Fargo & Firm (Obtain Rating).
Wells Fargo & Company, a varied monetary services company, provides financial, financial investment, home mortgage, as well as customer and also commercial finance product or services in the USA and also internationally. It runs via 4 sections: Consumer Financial as well as Financing; Commercial Financial; Corporate and Investment Banking; and also Wide Range and also Financial Investment Administration.