Where Wells Fargo & Co (NYSE:WFC) Stands on Analytical Review Chart?
- Author: Zachary Reyes Feb 18, 2017,
Feb 18, 2017, 15:54
The fund owned 54,039 shares of the financial services provider's stock after buying an additional 832 shares during the period. Rothschild Investment Corp IL's holdings in Wells Fargo & Co. were worth $730,000 as of its most recent SEC filing. Vanguard Group Inc. raised its position in shares of Wells Fargo & Company by 2.2% in the second quarter. Overall, the share price is up 6.12% so far this year.
Wells Fargo & Co (NYSE:WFC) is expected to release the earnings of its current quarter on 4/13/17. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Cedar Wealth Management LLC now owns 3,276 shares of the financial services provider's stock worth $155,000 after buying an additional 1,059 shares during the period. Finally, Cedar Wealth Management LLC boosted its stake in Wells Fargo & Company by 5.6% in the third quarter. Timber Creek Capital Management LLC now owns 3,033 shares of the financial services provider's stock worth $134,000 after buying an additional 700 shares in the last quarter. Cable Hill Partners LLC boosted its stake in Wells Fargo & Company by 10.5% in the third quarter. The net percent change held by Institutional Investors has seen a change of -1.13% in last three month period.
Wells Fargo & Company (NYSE:WFC) opened at 58.09 on Friday. The firm has a market capitalization of $281.05 billion, a P/E ratio of 13.89 and a beta of 0.99. It turned higher 4.77% from its 50-day simple moving average. Wells Fargo & Company has 52-Week high of $59.01 and 52-Week Low of $43.55.
Wells Fargo & Company (NYSE:WFC) last issued its earnings results on Friday, January 13th. For the quarter, shares have been noted at 11.27%. Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The business earned $21.60 billion during the quarter. The company has 1 year Price Target of $58.25. The company's quarterly revenue was up 2.1% compared to the same quarter a year ago. The current consensus recommendation provided by covering analysts is 2.70.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Friday, November 4th were given a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, February 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.62%. Wells Fargo & Company's dividend payout ratio is now 38.10%.
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Other equities analysts have also issued reports about the company.
The 1 analysts offering 12-month price forecasts for Northern Dynasty Minerals Ltd have a median target of 3.82, with a high estimate of 3.82 and a low estimate of 3.82.
Many brokerage firms are involved in issuing their ratings on Wells Fargo & Company (NYSE:WFC). Instinet restated a "buy" rating and set a $51.00 target price on shares of Wells Fargo & Company in a research report on Wednesday, January 11th.
Wells Fargo began releasing data about retail-banking performance following the September 8 revelation that employees opened as many as 2 million deposit and credit-card accounts over about a half decade without customers' permission. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have given a buy rating to the stock. The analysts, on average, are forecasting a $58.35 price target, but the stock is already up 35.41% from its recent lows.