On average, equities research analysts anticipate that Wells Fargo & Co will post $4.21 earnings per share for the current fiscal year. The short ratio in the company's stock is documented at 1.87 and the short float is around of 0.67%. The stock is presently trading up its SMA-50 of $81.73.
Several research firms have recently weighed in on WFC. Finally, Zacks Investment Research cut shares of Wells Fargo & Co from a "buy" rating to a "hold" rating in a report on Monday, February 6th. Finally, Guggenheim downgraded Wells Fargo & Co from a "neutral" rating to a "sell" rating in a report on Tuesday, December 13th. Evercore ISI reissued a "buy" rating and issued a $51.00 price objective on shares of Wells Fargo & Co in a research note on Wednesday, January 11th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have assigned a buy rating to the company.
TRADEMARK VIOLATION NOTICE: This piece of content was published by Markets Daily and is owned by of Markets Daily. The original version of this piece can be read at [[permalink]].
Wells Fargo & Company's (WFC) witnessed a gain of 0.71% in recent trading period with closing price of $ 55.37. The 52-week range of the stock is $43.55 to $59.99.
United States of America based company, Wells Fargo & Company (WFC)'s latest closing price was 8.03% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -3.83% and -3.49% compared with the 20 Day Moving Average. The company has PEG ratio of 1.86 and price to cash ratio of 0.72.
Wells Fargo team members across the company volunteered 1.73 million hours with 50,000 nonprofits and schools previous year, and contributed a total of $98.87 million to 30,000 nonprofits and schools. Wells Fargo & Co had a return on equity of 12.60% and a net margin of 23.30%. The share price of the stock surged 1.09% for the year.
Other large investors have also recently bought and sold shares of the company. Investment Management of Virginia LLC raised its position in Wells Fargo & Co by 12.2% in the third quarter. Nisa Investment Advisors LLC increased its stake in Wells Fargo & Co by 3.6% in the third quarter. The company's institutional ownership is monitored at 77.6 percent. CenturyLink Investment Management Co now owns 83,134 shares of the financial services provider's stock worth $3,681,000 after buying an additional 2,928 shares during the last quarter.
In related news, insider David M. Carroll sold 117,704 shares of the firm's stock in a transaction that occurred on Friday, March 3rd. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
"Through our philanthropic donations and volunteerism, all of us at Wells Fargo are deeply committed to making better opportunities possible". It provides other financial services through its subsidiaries engaged in various businesses, including wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing services, investment advisory services, mortgage-backed securities servicing and venture capital investment. He has led sales, service, and operations groups in numerous company's Wholesale Banking businesses.
Additionally, last fall the bank restructured the Merchant Services unit to reduce incentives by preventing teams from competing against each other for small business sales and named a new executive to oversee small business for merchant services.