Insider Selling: Wells Fargo & Co. VP Unloads 45,000 Shares of Stock (WFC)
Wells Fargo & Co. (NYSE:WFC) VP Richard Levy sold 45,000 shares of Wells Fargo & Co. stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $49.04, for a total transaction of $2,206,800.00. Following the transaction, the vice president now directly owns 55,167 shares in the company, valued at approximately $2,705,390. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Wells Fargo & Co. (NYSE:WFC) traded up 0.22% on Tuesday, hitting $49.23. The stock had a trading volume of 14,203,801 shares. Wells Fargo & Co. has a one year low of $36.71 and a one year high of $50.49. The stock’s 50-day moving average is $48.50 and its 200-day moving average is $45.37. The company has a market cap of $259.2 billion and a price-to-earnings ratio of 12.22.
Wells Fargo & Co. (NYSE:WFC) last posted its quarterly earnings results on Friday, April 11th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.09. The company had revenue of $20.60 billion for the quarter, compared to the consensus estimate of $20.60 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. Analysts expect that Wells Fargo & Co. will post $4.09 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets reiterated an “outperform” rating on shares of Wells Fargo & Co. in a research note on Monday, April 14th. They now have a $50.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Wells Fargo & Co. in a research note on Monday, April 14th. They now have a $50.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Wells Fargo & Co. from $46.50 to $50.00 in a research note on Monday, April 14th. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Wells Fargo & Co. presently has an average rating of “Hold” and a consensus target price of $47.96.
Wells Fargo & Company is a bank holding company. It has three operating segments: Community Banking, Wholesale Banking and Wealth, and Brokerage and Retirement.
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.