Wells Fargo & Company (NYSE:WFC)‘s stock had its “hold” rating reissued by equities researchers at Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Wednesday.

A number of other equities research analysts also recently weighed in on WFC. Deutsche Bank AG restated a “buy” rating and issued a $50.00 target price (down from $59.00) on shares of Wells Fargo & Company in a research report on Friday, September 16th. Vetr upgraded Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $47.92 target price for the company in a research report on Monday, September 19th. Bank of America Corporation set a $50.00 target price on Wells Fargo & Company and gave the stock a “buy” rating in a research report on Monday, September 19th. Credit Suisse Group cut their target price on Wells Fargo & Company from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, September 23rd. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $56.00 target price on shares of Wells Fargo & Company in a research report on Friday, September 23rd. Eight equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Wells Fargo & Company has a consensus rating of “Hold” and an average target price of $50.59.

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

Shares of Wells Fargo & Company (NYSE:WFC) traded up 0.0178% during midday trading on Wednesday, hitting $54.6297. The stock had a trading volume of 5,975,421 shares. The company’s 50-day moving average price is $54.87 and its 200-day moving average price is $49.25. Wells Fargo & Company has a 12-month low of $43.55 and a 12-month high of $58.02. The firm has a market cap of $274.37 billion, a price-to-earnings ratio of 13.5558 and a beta of 0.99.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/01/11/wells-fargo-companys-wfc-hold-rating-reiterated-at-oppenheimer-holdings-inc.html

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business earned $22.30 billion during the quarter. During the same period last year, the company earned $1.05 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Wells Fargo & Company will post $4.03 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Wells Fargo & Company’s (WFC) “Hold” Rating Reiterated at Oppenheimer Holdings, Inc.” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/01/11/wells-fargo-companys-wfc-hold-rating-reiterated-at-oppenheimer-holdings-inc.html.

Several large investors have recently added to or reduced their stakes in WFC. CIBC World Markets Inc. boosted its position 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 worth $37,151,000 after buying an additional 93,961 shares in the last quarter. World Asset Management Inc boosted its position 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 worth $20,586,000 after buying an additional 1,270 shares in the last quarter. Mason Street Advisors LLC acquired a new position in shares of Wells Fargo & Company during the second quarter worth approximately $29,454,000. Culbertson A N & Co. Inc. boosted its position 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 worth $5,427,000 after buying an additional 2,052 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position 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 worth $111,188,000 after buying an additional 1,240,585 shares in the last quarter. Institutional investors and hedge funds own 72.63% of the company’s stock.

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

Receive News & Ratings for Wells Fargo & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Company and related companies with MarketBeat.com's FREE daily email newsletter.