Morgan Stanley Decreases Wells Fargo & Company (NYSE: WFC) Rate 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 issued on Tuesday early morning, The Fly reports. Morgan Stanley currently has an overweight ranking on the economic providers’s stock.

A variety of various other brokerages additionally recently issued records on WFC. Citigroup updated Wells Fargo & Firm from a neutral score to a buy rating and reduced their price objective for the stock from $58.00 to $56.00 in a research report on Monday, April 11th. StockNews.com started coverage on Wells Fargo & Business in a research study record on Thursday, March 31st. They issued a hold score on the stock. Piper Sandler established wells fargo stock price a $48.00 cost purpose on Wells Fargo & Company in a study report on Monday, June 20th. Jefferies Financial Team decreased their price goal on Wells Fargo & Firm from $55.00 to $47.00 in a study record on Monday. Ultimately, Barclays boosted their rate purpose on Wells Fargo & Firm from $62.00 to $64.00 in a study report on Monday, April 18th. Five investment experts have actually rated the stock with a hold score as well as twelve have given a buy rating to the company’s stock. Based upon information from FintechZoom, the firm has an agreement ranking of Modest Buy and an agreement target cost of $55.50.

Wells Fargo & Company stock opened up 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. Business has a fifty day moving average cost of $41.85 and a 200-day moving ordinary cost of $48.22. The firm has a debt-to-equity proportion of 0.95, an existing ratio of 0.80 and a quick ratio of 0.79. The company has a market capitalization of $150.10 billion, a P/E ratio of 8.23, a PEG proportion of 0.98 as well as a beta of 1.16.

Wells Fargo & Firm (NYSE: WFC– Get Rating) last posted its quarterly profits results on Thursday, April 14th. The economic services provider 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 income of $17.59 billion during the quarter, compared to analyst price quotes of $17.82 billion. Throughout the very same duration last year, the business made $1.05 profits per share. The business’s income for the quarter was down 5.2% on a year-over-year basis. Sell-side experts anticipate that Wells Fargo & Company will certainly publish 4.02 profits per share for the current fiscal year.
Business additionally recently revealed a quarterly returns, 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 returns was Thursday, May 5th. This represents a $1.00 annualized dividend and a dividend yield of 2.53%. Wells Fargo & Business’s dividend payment ratio is presently 20.79%.

In various other news, EVP Kleber Santos sold 22,700 shares of Wells Fargo & Business stock in a deal dated Tuesday, May 3rd. The stock was cost an ordinary cost of $44.44, for a total worth of $1,008,788.00. Following the purchase, the executive vice president now owns 21,478 shares in the business, valued at $954,482.32. The purchase was divulged in a file filed with the SEC, which can be accessed through this link. 0.05% of the stock is presently owned by experts.

Institutional capitalists as well as hedge funds have actually recently contributed to or minimized their risks in the business. Site Wide range Monitoring LLC acquired a new stake in shares of Wells Fargo & Business in the very first quarter worth concerning $40,000. Level Financial Advisors Inc. got a new stake in shares of Wells Fargo & Company in the 4th quarter worth regarding $25,000. Gibson Riches Advisors LLC got a new stake in shares of Wells Fargo & Company in the 4th quarter worth about $25,000. Financial Monitoring Professionals Inc. expanded its stake in shares of Wells Fargo & Company by 193.3% in the initial quarter. Financial Management Professionals Inc. currently owns 522 shares of the economic providers’s stock worth $25,000 after buying an added 344 shares throughout the last quarter. Ultimately, FNY Financial investment Advisers LLC bought a new stake in shares of Wells Fargo & Firm in the initial quarter worth concerning $25,000. Hedge funds as well as various other institutional capitalists possess 74.01% of the business’s stock.

About Wells Fargo & Business (Obtain Score).

Wells Fargo & Company, a diversified financial solutions business, supplies banking, investment, home loan, and also customer as well as business finance services and products in the USA as well as internationally. It runs via 4 segments: Consumer Financial and Borrowing; Commercial Financial; Corporate and also Investment Banking; as well as Wide Range and Investment Administration.