Wells Fargo & Company was discussed in the report published on Thursday by the analysts at StockNews.com.
The report focused on the financial services provider industry (NYSE: WFC).
The brokerage assigned a “hold” rating to the company’s stock, indicating that investors should not sell the stock.
The most recent quarterly results report for Wells Fargo & Company (NYSE: WFC) was made accessible to the general public on Friday, January 13.
Earnings per share (EPS) for the quarter reported by the financial services industry came in at $0.67, $0.04 higher than the average estimate of $0.63.
The quarter in question was reported in the United States.
The high net margin of 15.91% and the 9.28% return on equity demonstrate that Wells Fargo & Company had a successful performance.
Even though analysts predicted the company would bring in $20.04 billion in revenue during the quarter, the actual amount that the company could bring in was only $19.66 billion.
The company generated earnings of $1.38 per share during the same period in the prior year’s operations. Compared to the previous year, the company’s revenue experienced a decrease of 5.7%.
According to forecasts made by participants in the stock market, Wells Fargo & Company is expected to generate earnings of $4.81 per share in 2018.
On Thursday, the NYSE WFC began trading for $38.85 per share.
All three liquidity ratios—the current, quick, and debt-to-equity ratios—come in at 0.84, but the debt-to-equity ratio comes in at 1.08. Wells Fargo & Company’s stock hit a low of $36.54 during the most recent 52-week period, while it reached a high of $54.20 during that same period.
At the moment, the share price of the company is trading at $45.18, which is higher than its 50-day moving average and $44.30 lower than its 200-day moving average.
The stock is currently trading at a price that results in a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 0.84, and a beta value of 1.17.
The market value of the company’s shares is currently $147.39 billion.
Several research analysts have also published stock analyses, which have been made available for public consumption.
In a research report released on Tuesday, January 17, Piper Jaffray lowered its target price for Wells Fargo & Company shares from $49.00 to $47.00.
It downgraded the stock from an “overweight” rating to a “neutral” rating.
Both of these actions were taken in response to recent market events. Cora maintained their “buy” rating on Wells Fargo & Company shares and provided a price objective of $50.00 for the stock in a research note published on Friday, January 13.
Barclays upgraded Wells Fargo & Company from an “underweight” rating to an “overweight” rating in a research report published on Tuesday, January 3.
In addition, they raised their target price on the stock from $58.00 to $64.00.
In a research report published on December 15, Morgan Stanley downgraded the shares of Wells Fargo & Company from an “overweight” rating to a “neutral” rating.
Additionally, the firm decreased its target price for the stock from $60.00 to $58.00.
The most recent change in rating for the company’s stock occurred when Odeon Capital Group lowered their recommendation for Wells Fargo & Company shares from “buy” to “hold” in a study made public on Monday.
This was the most recent rating change for the company’s stock.
Eight different analysts have recommended the company buy, while six other analysts have recommended that investors hold onto their shares.
The price target for the stock has been determined to be $52.09, and according to Bloomberg, the stock is currently rated as having a consensus rating of “Moderate Buy.”
On Thursday, February 23, Executive Vice President Kleber Santos sold 34,698 shares of the company’s stock.
This is another piece of news.
The transaction was completed.
The price of each share was purchased at an average of $46.27 throughout the entirety of the sale, bringing the total value of the transaction to $1,605,476.46. Following the successful completion of the transaction, the executive vice president now has direct ownership of 19,590 shares of the company.
The current market value of these shares is $906,429,30. Following this link will take you to a document submitted to the Securities and Exchange Commission (SEC).
The document contains an in-depth explanation of the transaction that was reported to the SEC. Corporate insiders hold only 0.05% of the total number of shares in the company.
Because of recent occurrences, significant investors have reorganized their stakes in the company to take advantage of new opportunities. Silicon Valley Capital Partners invested approximately $26,000 in Wells Fargo & Company during the fourth and final quarters of 2018.
This investment was made to establish a new investment.
During the fourth quarter, US Asset Management LLC spent approximately $28,000 to acquire additional shares of Wells Fargo & Company to bolster the company’s existing holdings in the company. Studio Investment Management LLC spent roughly $28,000 over the last three months of 2018 to acquire an additional stake in Wells Fargo & Company. Financial Management Professionals INC increased the proportion of its holdings comprising Wells Fargo & Company by 66.6% during the third quarter. Financial Management Professionals INC now has a total of 688 shares of the stock of the financial services provider after purchasing an additional 275 shares over the most recent quarter.
The stock carries a value of $28,000 and $28,000 after Financial Management Professionals, INC
Last but not least, during the year’s final three months, FNY Investment Advisers LLC purchased approximately $34,000 worth of additional shares of Wells Fargo & Company.
These shares had a value of approximately $34,000 each.
Institutions currently own 72.24% of the common stock the company issues.