Wells Fargo & Company (NYSE: WFC) had its target price decreased by Morgan Stanley from $66.00 to $59.00 in a record released on Tuesday early morning, The Fly records. Morgan Stanley currently has an overweight ranking on the financial services provider's stock.
A variety of other brokerages likewise just recently released records on WFC. Citigroup updated Wells Fargo & Company from a neutral score to a buy score and also decreased their cost objective for the stock from $58.00 to $56.00 in a research study record on Monday, April 11th. StockNews.com began coverage on Wells Fargo & Business in a study record on Thursday, March 31st. They provided a hold score on the stock. Piper Sandler set wells fargo stock dividend a $48.00 price goal on Wells Fargo & Business in a research record on Monday, June 20th. Jefferies Financial Team reduced their price goal on Wells Fargo & Company from $55.00 to $47.00 in a research study record on Monday. Lastly, Barclays boosted their rate goal on Wells Fargo & Company from $62.00 to $64.00 in a research study record on Monday, April 18th. Five financial investment analysts have rated the stock with a hold score as well as twelve have given a buy ranking to the firm's stock. Based upon data from FintechZoom, the business has an agreement score of Modest Buy and an agreement target cost of $55.50.
Wells Fargo & Firm stock opened up at $39.60 on Tuesday. Wells Fargo & Firm has a one year low of $36.54 and also a one year high of $60.30. Business has a fifty day relocating ordinary rate of $41.85 and a 200-day moving typical rate of $48.22. The company has a debt-to-equity proportion of 0.95, an existing ratio of 0.80 as well as a fast ratio of 0.79. The company has a market capitalization of $150.10 billion, a P/E ratio of 8.23, a PEG ratio of 0.98 and also a beta of 1.16.
Wells Fargo & Firm (NYSE: WFC-- Obtain Rating) last posted its quarterly incomes results on Thursday, April 14th. The monetary services provider reported $0.88 EPS for the quarter, topping analysts' agreement quotes of $0.81 by $0.07. Wells Fargo & Business had a return on equity of 12.20% and also an internet margin of 25.35%. The firm had income of $17.59 billion during the quarter, compared to analyst estimates of $17.82 billion. Throughout the same period in 2014, the company gained $1.05 profits per share. The business's earnings for the quarter was down 5.2% on a year-over-year basis. Sell-side analysts expect that Wells Fargo & Company will certainly publish 4.02 revenues per share for the existing .
Business also lately revealed a quarterly returns, which was paid on Wednesday, June 1st. Stockholders of record on Friday, May sixth were provided a $0.25 dividend. The ex-dividend day of this reward was Thursday, May 5th. This stands for a $1.00 annualized returns and also a returns yield of 2.53%. Wells Fargo & Firm's returns payout ratio is currently 20.79%.
In various other news, EVP Kleber Santos sold 22,700 shares of Wells Fargo & Business stock in a purchase dated Tuesday, May 3rd. The stock was cost an average price of $44.44, for an overall value of $1,008,788.00. Complying with the purchase, the executive vice president now has 21,478 shares in the company, valued at $954,482.32. The deal was disclosed in a file submitted with the SEC, which can be accessed with this link. 0.05% of the stock is currently had by insiders.
Institutional financiers and also hedge funds have just recently included in or decreased their stakes in the firm. Spots Wealth Monitoring LLC bought a new risk in shares of Wells Fargo & Firm in the very first quarter worth regarding $40,000. Level Financial Advisors Inc. acquired a brand-new risk in shares of Wells Fargo & Firm in the 4th quarter worth regarding $25,000. Gibson Wealth Advisors LLC purchased a new risk in shares of Wells Fargo & Company in the 4th quarter worth regarding $25,000. Financial Monitoring Professionals Inc. grew its risk in shares of Wells Fargo & Firm by 193.3% in the initial quarter. Financial Management Professionals Inc. now owns 522 shares of the monetary providers's stock worth $25,000 after acquiring an extra 344 shares during the last quarter. Lastly, FNY Investment Advisers LLC acquired a new stake in shares of Wells Fargo & Business in the very first quarter worth about $25,000. Hedge funds and other institutional financiers have 74.01% of the business's stock.
About Wells Fargo & Company (Obtain Ranking).
Wells Fargo & Firm, a diversified monetary solutions firm, provides banking, investment, home mortgage, as well as consumer as well as commercial money services and products in the USA and also globally. It operates through 4 sections: Consumer Banking and also Lending; Commercial Financial; Corporate and also Investment Banking; and Wealth and also Investment Administration.