Analysts Set Wells Fargo & Company (WFC) Target Price at $52.85

Shares of Wells Fargo & Company (NYSE:WFC) have been given an average recommendation of “Hold” by the thirty-six analysts that are currently covering the firm. Seven research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $53.09.

Several research firms have issued reports on WFC. Zacks Investment Research lowered shares of Wells Fargo & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 16th. Macquarie restated an “underperform” rating on shares of Wells Fargo & Company in a research report on Tuesday, October 18th. Evercore ISI restated a “buy” rating and set a $51.00 price target on shares of Wells Fargo & Company in a research report on Wednesday, January 11th. Argus lowered shares of Wells Fargo & Company from a “buy” rating to a “hold” rating and upped their price target for the company from $53.00 to $53.78 in a research report on Wednesday, January 18th. Finally, Citigroup Inc. lowered shares of Wells Fargo & Company to an “underperform” rating in a research report on Friday, November 18th.

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Wells Fargo & Company (NYSE:WFC) opened at 56.86 on Thursday. The stock has a 50 day moving average price of $55.56 and a 200 day moving average price of $50.51. The company has a market capitalization of $285.22 billion, a price-to-earnings ratio of 14.25 and a beta of 0.98. Wells Fargo & Company has a 52-week low of $43.55 and a 52-week high of $58.02.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Friday, January 13th. The financial services provider reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $1.00 by $0.04. The firm earned $21.60 billion during the quarter. Wells Fargo & Company had a net margin of 23.30% and a return on equity of 12.60%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share. Equities research analysts forecast that Wells Fargo & Company will post $4.19 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Friday, February 3rd will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Wednesday, February 1st. Wells Fargo & Company’s dividend payout ratio is presently 38.10%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Alpha Windward LLC boosted its position in shares of Wells Fargo & Company by 0.6% in the third quarter. Alpha Windward LLC now owns 6,453 shares of the financial services provider’s stock valued at $286,000 after buying an additional 37 shares in the last quarter. Sharkey Howes & Javer boosted its position in shares of Wells Fargo & Company by 0.7% in the third quarter. Sharkey Howes & Javer now owns 5,959 shares of the financial services provider’s stock valued at $264,000 after buying an additional 44 shares in the last quarter. Gould Asset Management LLC CA boosted its position in shares of Wells Fargo & Company by 0.6% in the fourth quarter. Gould Asset Management LLC CA now owns 8,711 shares of the financial services provider’s stock valued at $480,000 after buying an additional 50 shares in the last quarter. Homrich & Berg boosted its position in shares of Wells Fargo & Company by 0.3% in the second quarter. Homrich & Berg now owns 21,168 shares of the financial services provider’s stock valued at $1,002,000 after buying an additional 56 shares in the last quarter. Finally, North Star Asset Management Inc. boosted its position in shares of Wells Fargo & Company by 0.3% in the third quarter. North Star Asset Management Inc. now owns 23,858 shares of the financial services provider’s stock valued at $1,056,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 73.60% of the company’s stock.

Wells Fargo & Company Company Profile

Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

5 Day Chart for NYSE:WFC

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