Wells Fargo & Company (NYSE:WFC)‘s stock had its “hold” rating reiterated by Keefe, Bruyette & Woods in a report issued on Wednesday. They presently have a $48.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential downside of 12.12% from the stock’s current price.

Several other equities analysts have also commented on the company. Pacific Crest reaffirmed a “hold” rating on shares of Wells Fargo & Company in a report on Wednesday. J P Morgan Chase & Co reaffirmed a “hold” rating on shares of Wells Fargo & Company in a report on Wednesday. Robert W. Baird reaffirmed a “buy” rating and set a $58.00 target price on shares of Wells Fargo & Company in a report on Tuesday. Piper Jaffray Companies reaffirmed a “sell” rating and set a $43.00 target price on shares of Wells Fargo & Company in a report on Wednesday. Finally, FBR & Co reaffirmed a “hold” rating on shares of Wells Fargo & Company in a report on Thursday, December 15th. Eight analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have given a buy rating to the stock. Wells Fargo & Company has a consensus rating of “Hold” and a consensus price target of $50.59.

Analyst Recommendations for Wells Fargo & Company (NYSE:WFC)

Shares of Wells Fargo & Company (NYSE:WFC) traded up 0.009% during trading on Wednesday, reaching $54.625. The company had a trading volume of 5,975,721 shares. The stock’s 50-day moving average price is $54.87 and its 200-day moving average price is $49.25. The stock has a market capitalization of $274.34 billion, a PE ratio of 13.555 and a beta of 0.99. Wells Fargo & Company has a 12 month low of $43.55 and a 12 month high of $58.02.

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Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.02. Wells Fargo & Company had a return on equity of 12.72% and a net margin of 23.91%. The firm had revenue of $22.30 billion for the quarter. During the same quarter in the previous year, the company earned $1.05 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that Wells Fargo & Company will post $4.03 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the stock. CIBC World Markets Inc. increased its stake in shares of Wells Fargo & Company by 13.6% in the second quarter. CIBC World Markets Inc. now owns 784,944 shares of the financial services provider’s stock valued at $37,151,000 after buying an additional 93,961 shares in the last quarter. World Asset Management Inc increased its stake in shares of Wells Fargo & Company by 0.3% in the third quarter. World Asset Management Inc now owns 464,895 shares of the financial services provider’s stock valued at $20,586,000 after buying an additional 1,270 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in shares of Wells Fargo & Company during the second quarter valued at about $29,454,000. Culbertson A N & Co. Inc. increased its stake in shares of Wells Fargo & Company by 1.7% in the third quarter. Culbertson A N & Co. Inc. now owns 122,556 shares of the financial services provider’s stock valued at $5,427,000 after buying an additional 2,052 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Wells Fargo & Company by 97.7% in the third quarter. Acadian Asset Management LLC now owns 2,511,003 shares of the financial services provider’s stock valued at $111,188,000 after buying an additional 1,240,585 shares in the last quarter. 72.63% of the stock is currently owned by institutional investors.

About Wells Fargo & Company

Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

5 Day Chart for NYSE:WFC

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