Morgan Stanley Lowers Wells Fargo & Company (NYSE: WFC) Rate Target to 59USD

Wells Fargo & Firm (NYSE: WFC) had its target cost decreased by Morgan Stanley from $66.00 to $59.00 in a report provided on Tuesday morning, The Fly records. Morgan Stanley currently has an overweight rating on the monetary services provider’s stock.

A number of other brokerages additionally recently issued reports on WFC. Citigroup upgraded Wells Fargo & Business from a neutral score to a buy rating and decreased their price objective for the stock from $58.00 to $56.00 in a study report on Monday, April 11th. StockNews.com began protection on Wells Fargo & Firm in a research report on Thursday, March 31st. They provided a hold score on the stock. Piper Sandler established wells fargo stock price today per share a $48.00 cost goal on Wells Fargo & Company in a research record on Monday, June 20th. Jefferies Financial Group decreased their cost objective on Wells Fargo & Company from $55.00 to $47.00 in a research report on Monday. Finally, Barclays boosted their cost goal on Wells Fargo & Company from $62.00 to $64.00 in a research study report on Monday, April 18th. 5 financial investment experts have ranked the stock with a hold ranking as well as twelve have actually given a buy rating to the firm’s stock. Based upon information from FintechZoom, the business has a consensus rating of Moderate Buy and also an agreement target price of $55.50.

Wells Fargo & Company stock opened up at $39.60 on Tuesday. Wells Fargo & Company has a one year low of $36.54 and also a one year high of $60.30. Business has a fifty day moving typical price of $41.85 and a 200-day relocating typical rate of $48.22. The company has a debt-to-equity ratio of 0.95, a current proportion of 0.80 and a quick ratio of 0.79. The firm has a market capitalization of $150.10 billion, a P/E proportion of 8.23, a PEG ratio of 0.98 and also a beta of 1.16.

Wells Fargo & Business (NYSE: WFC– Get Rating) last uploaded its quarterly incomes results on Thursday, April 14th. The financial companies reported $0.88 EPS for the quarter, topping analysts’ consensus price quotes of $0.81 by $0.07. Wells Fargo & Business had a return on equity of 12.20% as well as an internet margin of 25.35%. The company had income of $17.59 billion throughout the quarter, compared to expert price quotes of $17.82 billion. During the very same duration in 2015, the business made $1.05 incomes per share. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. Sell-side analysts expect that Wells Fargo & Business will certainly upload 4.02 profits per share for the present fiscal year.
The business likewise recently divulged a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record on Friday, May sixth were issued a $0.25 reward. The ex-dividend day of this reward was Thursday, May 5th. This stands for a $1.00 annualized dividend as well as a dividend yield of 2.53%. Wells Fargo & Company’s dividend payment ratio is currently 20.79%.

In various other information, EVP Kleber Santos offered 22,700 shares of Wells Fargo & Business stock in a transaction dated Tuesday, May 3rd. The stock was cost a typical price of $44.44, for a complete worth of $1,008,788.00. Adhering to the purchase, the executive vice president now owns 21,478 shares in the firm, valued at $954,482.32. The purchase was revealed in a document filed with the SEC, which can be accessed through this web link. 0.05% of the stock is currently owned by experts.

Institutional financiers and hedge funds have actually recently added to or decreased their stakes in the company. Site Riches Administration LLC acquired a brand-new stake in shares of Wells Fargo & Company in the very first quarter worth about $40,000. Level Financial Advisors Inc. got a new risk in shares of Wells Fargo & Company in the fourth quarter worth concerning $25,000. Gibson Riches Advisors LLC got a new risk in shares of Wells Fargo & Firm in the 4th quarter worth regarding $25,000. Financial Administration Professionals Inc. expanded its stake in shares of Wells Fargo & Firm by 193.3% in the first quarter. Financial Monitoring Professionals Inc. now possesses 522 shares of the financial companies’s stock worth $25,000 after purchasing an added 344 shares during the last quarter. Ultimately, FNY Financial investment Advisers LLC bought a new stake in shares of Wells Fargo & Firm in the initial quarter worth about $25,000. Hedge funds and also other institutional investors have 74.01% of the business’s stock.

About Wells Fargo & Company (Get Rating).

Wells Fargo & Firm, a diversified financial services business, provides banking, investment, mortgage, and customer and also industrial financing services and products in the United States and also internationally. It operates via four sectors: Consumer Banking as well as Financing; Commercial Banking; Corporate as well as Investment Financial; as well as Wealth and Financial Investment Management.