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

Wells Fargo & Company (NYSE: WFC) had its target price decreased by Morgan Stanley from $66.00 to $59.00 in a report released on Tuesday early morning, The Fly records. Morgan Stanley currently has an obese rating on the financial providers’s stock.

A number of other broker agents also just recently provided records on WFC. Citigroup updated Wells Fargo & Firm from a neutral ranking to a buy rating as well as lowered their cost goal for the stock from $58.00 to $56.00 in a study report on Monday, April 11th. started insurance coverage on Wells Fargo & Firm in a study record on Thursday, March 31st. They provided a hold ranking on the stock. Piper Sandler established wells fargo stock dividend a $48.00 price objective on Wells Fargo & Firm in a research record on Monday, June 20th. Jefferies Financial Group decreased their cost purpose on Wells Fargo & Firm from $55.00 to $47.00 in a research record on Monday. Lastly, Barclays increased their price goal on Wells Fargo & Company from $62.00 to $64.00 in a research report on Monday, April 18th. Five financial investment experts have rated the stock with a hold ranking and twelve have actually given a buy rating to the firm’s stock. Based upon data from FintechZoom, the business has a consensus score of Modest Buy and also a consensus 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. The business has a fifty day relocating average cost of $41.85 as well as a 200-day relocating ordinary rate of $48.22. The firm has a debt-to-equity ratio of 0.95, a current proportion of 0.80 as well as a fast ratio of 0.79. The firm has a market capitalization of $150.10 billion, a P/E ratio of 8.23, a PEG proportion of 0.98 and also a beta of 1.16.

Wells Fargo & Business (NYSE: WFC– Get Ranking) last uploaded its quarterly earnings outcomes on Thursday, April 14th. The economic companies reported $0.88 EPS for the quarter, covering analysts’ agreement estimates of $0.81 by $0.07. Wells Fargo & Company had a return on equity of 12.20% and an internet margin of 25.35%. The firm had earnings of $17.59 billion throughout the quarter, compared to expert estimates of $17.82 billion. Throughout the very same duration in 2015, the firm gained $1.05 revenues per share. The business’s profits for the quarter was down 5.2% on a year-over-year basis. Sell-side experts anticipate that Wells Fargo & Business will post 4.02 incomes per share for the existing .
Business additionally just recently divulged a quarterly dividend, which was paid on Wednesday, June 1st. Investors of document on Friday, May 6th were provided a $0.25 reward. The ex-dividend day of this dividend was Thursday, May 5th. This stands for a $1.00 annualized returns as well as a reward return of 2.53%. Wells Fargo & Company’s dividend payout ratio is presently 20.79%.

In other news, EVP Kleber Santos marketed 22,700 shares of Wells Fargo & Business stock in a transaction dated Tuesday, May 3rd. The stock was cost an ordinary price of $44.44, for a complete value of $1,008,788.00. Complying with the purchase, the executive vice head of state currently possesses 21,478 shares in the firm, valued at $954,482.32. The deal was disclosed in a record filed with the SEC, which can be accessed through this link. 0.05% of the stock is presently had by experts.

Institutional financiers and hedge funds have actually recently included in or minimized their stakes in the company. Site Wealth Administration LLC bought a brand-new risk in shares of Wells Fargo & Company in the first quarter worth concerning $40,000. Level Financial Advisors Inc. bought a new stake in shares of Wells Fargo & Firm in the 4th quarter worth about $25,000. Gibson Wealth Advisors LLC bought a brand-new stake in shares of Wells Fargo & Company in the 4th quarter worth regarding $25,000. Financial Monitoring Professionals Inc. grew its risk in shares of Wells Fargo & Business by 193.3% in the very first quarter. Financial Monitoring Professionals Inc. now owns 522 shares of the monetary providers’s stock worth $25,000 after acquiring an extra 344 shares throughout the last quarter. Ultimately, FNY Financial investment Advisers LLC bought a brand-new risk in shares of Wells Fargo & Company in the first quarter worth concerning $25,000. Hedge funds as well as other institutional financiers own 74.01% of the company’s stock.

About Wells Fargo & Company (Get Rating).

Wells Fargo & Firm, a varied economic services business, supplies banking, financial investment, home loan, and also consumer and also industrial money product or services in the United States and internationally. It runs through 4 sectors: Consumer Banking as well as Lending; Commercial Financial; Corporate and also Financial Investment Banking; and also Riches and also Investment Management.