Wells Fargo & Co. (WFC) Plans Quarterly Dividend of $0.30
Wells Fargo & Co. (NYSE:WFC) announced a quarterly dividend on Tuesday, January 28th, AmericanBankingNews.com reports. Shareholders of record on Friday, February 7th will be paid a dividend of 0.30 per share on Saturday, March 1st. This represents a $1.20 annualized dividend and a dividend yield of 2.64%.
WFC has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Wells Fargo & Co. in a research note to investors on Tuesday, January 21st. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Wells Fargo & Co. in a research note to investors on Wednesday, January 15th. They now have a $48.00 price target on the stock. Finally, analysts at Compass Point raised their price target on shares of Wells Fargo & Co. from $42.00 to $47.00 in a research note to investors on Wednesday, January 15th. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $45.87.
Shares of Wells Fargo & Co. (NYSE:WFC) traded up 0.92% during mid-day trading on Tuesday, hitting $45.95. 13,834,624 shares of the company’s stock traded hands. Wells Fargo & Co. has a one year low of $34.52 and a one year high of $46.84. The stock has a 50-day moving average of $45.28 and a 200-day moving average of $43.36. The company has a market cap of $241.6 billion and a P/E ratio of 11.70.
Wells Fargo & Co. (NYSE:WFC) last posted its quarterly earnings results on Monday, January 13th. The company reported $1.00 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.98 by $0.02. The company had revenue of $20.70 billion for the quarter, compared to the consensus estimate of $20.63 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. On average, analysts predict that Wells Fargo & Co. will post $4.02 earnings per share for the current fiscal year.
In other Wells Fargo & Co. news, CFO Timothy Sloan sold 75,000 shares of the stock on the open market in a transaction dated Friday, January 24th. The stock was sold at an average price of $45.84, for a total value of $3,438,000.00. Following the completion of the transaction, the chief financial officer now directly owns 314,873 shares of the company’s stock, valued at approximately $14,433,778. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.