Morgan Stanley Reduces Wells Fargo & Company (NYSE: WFC) Cost Target to $60.00

Wells Fargo & Firm (NYSE: WFC) had its target cost decreased by Morgan Stanley from $66.00 to $59.00 in a report released on Tuesday early morning, The Fly reports. Morgan Stanley presently has an overweight rating on the financial companies’s stock.

A variety of various other brokerages additionally lately provided records on WFC. Citigroup updated Wells Fargo & Business from a neutral score to a buy rating and decreased their price purpose for the stock from $58.00 to $56.00 in a research study report on Monday, April 11th. StockNews.com began protection on Wells Fargo & Business in a research study record on Thursday, March 31st. They provided a hold ranking on the stock. Piper Sandler set wells fargo stock news a $48.00 cost objective on Wells Fargo & Firm in a study record on Monday, June 20th. Jefferies Financial Team reduced their price objective on Wells Fargo & Firm from $55.00 to $47.00 in a research report on Monday. Lastly, Barclays raised their rate objective on Wells Fargo & Company from $62.00 to $64.00 in a research record on Monday, April 18th. Five financial investment analysts have ranked the stock with a hold ranking and twelve have actually given a buy score to the company’s stock. Based on information from FintechZoom, the company has an agreement rating of Moderate Buy as well as a consensus target cost of $55.50.

Wells Fargo & Company stock opened at $39.60 on Tuesday. Wells Fargo & Firm has a one year low of $36.54 as well as a one year high of $60.30. The business has a fifty day relocating ordinary cost of $41.85 as well as a 200-day moving ordinary cost of $48.22. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.80 and a fast proportion of 0.79. The company has a market capitalization of $150.10 billion, a P/E proportion of 8.23, a PEG proportion of 0.98 and also a beta of 1.16.

Wells Fargo & Business (NYSE: WFC– Get Score) last uploaded its quarterly incomes results on Thursday, April 14th. The financial companies reported $0.88 EPS for the quarter, topping experts’ consensus price quotes of $0.81 by $0.07. Wells Fargo & Company had a return on equity of 12.20% as well as a web margin of 25.35%. The company had revenue of $17.59 billion throughout the quarter, contrasted to analyst quotes of $17.82 billion. Throughout the exact same duration last year, the firm earned $1.05 revenues per share. The business’s profits for the quarter was down 5.2% on a year-over-year basis. Sell-side analysts anticipate that Wells Fargo & Business will certainly publish 4.02 revenues per share for the current .
Business also recently divulged a quarterly reward, which was paid on Wednesday, June 1st. Stockholders of record on Friday, May sixth were released a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 5th. This stands for a $1.00 annualized dividend and a returns yield of 2.53%. Wells Fargo & Company’s reward payment ratio is presently 20.79%.

In other information, EVP Kleber Santos marketed 22,700 shares of Wells Fargo & Company stock in a deal dated Tuesday, May 3rd. The stock was sold at a typical cost of $44.44, for a complete worth of $1,008,788.00. Following the purchase, the executive vice president now possesses 21,478 shares in the firm, valued at $954,482.32. The transaction was revealed in a document filed with the SEC, which can be accessed via this web link. 0.05% of the stock is currently possessed by insiders.

Institutional capitalists as well as hedge funds have actually recently contributed to or minimized their stakes in the company. Spots Wide range Monitoring LLC got a brand-new stake in shares of Wells Fargo & Company in the very first quarter worth about $40,000. Level Financial Advisors Inc. bought a new risk in shares of Wells Fargo & Business in the 4th quarter worth concerning $25,000. Gibson Riches Advisors LLC purchased a brand-new risk in shares of Wells Fargo & Company in the fourth quarter worth regarding $25,000. Financial Administration Professionals Inc. expanded its stake in shares of Wells Fargo & Business by 193.3% in the initial quarter. Financial Administration Professionals Inc. currently has 522 shares of the financial services provider’s stock worth $25,000 after purchasing an added 344 shares during the last quarter. Finally, FNY Financial investment Advisers LLC bought a new risk in shares of Wells Fargo & Business in the first quarter worth regarding $25,000. Hedge funds and other institutional financiers own 74.01% of the business’s stock.

Concerning Wells Fargo & Company (Obtain Score).

Wells Fargo & Firm, a varied economic services firm, offers banking, financial investment, home loan, and also customer and industrial money services and products in the United States and worldwide. It runs via four sectors: Consumer Financial and Lending; Commercial Financial; Corporate and also Investment Banking; and Wide Range and Investment Monitoring.

Related Post