Shares of Wells Fargo (NYSE:WF) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Brokers have set a twelve-month consensus price objective of $54.00 for the company, according to Zacks. Zacks has also assigned Wells Fargo an industry rank of 212 out of 265 based on the ratings given to its competitors.
WF has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Wells Fargo from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. ValuEngine cut shares of Wells Fargo from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd.
Hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE purchased a new position in shares of Wells Fargo during the 4th quarter worth $121,000. BNP Paribas Arbitrage SA raised its holdings in shares of Wells Fargo by 139.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,191 shares of the bank’s stock worth $132,000 after acquiring an additional 1,859 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Wells Fargo by 15,303.0% during the 3rd quarter. Wells Fargo & Company MN now owns 5,083 shares of the bank’s stock worth $237,000 after acquiring an additional 5,050 shares during the period. Finally, Aperio Group LLC raised its holdings in shares of Wells Fargo by 64.9% during the 1st quarter. Aperio Group LLC now owns 109,567 shares of the bank’s stock worth $4,533,000 after acquiring an additional 43,125 shares during the period. Institutional investors and hedge funds own 0.38% of the company’s stock.
Shares of Wells Fargo traded down $1.05, reaching $43.03, during midday trading on Friday, according to Marketbeat.com. 11,600 shares of the stock were exchanged, compared to its average volume of 13,444. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 1.08 and a beta of 1.12. Wells Fargo has a twelve month low of $43.71 and a twelve month high of $43.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.05 and a quick ratio of 1.05.
Wells Fargo (NYSE:WF) last issued its quarterly earnings data on Wednesday, March 14th. The bank reported $0.38 EPS for the quarter. The business had revenue of $1.45 billion for the quarter. Wells Fargo had a net margin of 15.63% and a return on equity of 6.88%. analysts anticipate that Wells Fargo will post 6.6 earnings per share for the current fiscal year.
Wells Fargo Company Profile
Woori Bank Co, Ltd., together with its subsidiaries, provides commercial banking products and services to individuals, small- and medium-sized enterprises, and large corporations in South Korea. It operates through six segments: Consumer Banking, Corporate Banking, Investment Banking, Capital Markets, Credit Card, and Other Operations.
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