Shares of Wells Fargo & Company (NYSE:WFC) have earned a consensus rating of “Hold” from the thirty-six analysts that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $57.54.

Several equities research analysts have weighed in on WFC shares. Deutsche Bank AG restated a “buy” rating on shares of Wells Fargo & in a research note on Monday, July 3rd. Zacks Investment Research upgraded Wells Fargo & from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. Buckingham Research restated a “neutral” rating and set a $62.00 target price (up from $60.00) on shares of Wells Fargo & in a research note on Monday, July 10th. Instinet restated a “buy” rating and set a $64.00 target price on shares of Wells Fargo & in a research note on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reiterated an “overweight” rating on shares of Wells Fargo & in a report on Thursday, July 13th.

A number of institutional investors have recently added to or reduced their stakes in the stock. Boston Partners boosted its holdings in Wells Fargo & by 50.0% in the 1st quarter. Boston Partners now owns 7,948,841 shares of the financial services provider’s stock valued at $442,432,000 after purchasing an additional 2,648,763 shares during the period. Rockland Trust Co. boosted its holdings in Wells Fargo & by 0.6% in the 2nd quarter. Rockland Trust Co. now owns 316,530 shares of the financial services provider’s stock valued at $17,539,000 after purchasing an additional 1,856 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Wells Fargo & by 83.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 7,972,116 shares of the financial services provider’s stock valued at $443,728,000 after purchasing an additional 3,637,100 shares during the period. Kelman Lazarov Inc. boosted its holdings in Wells Fargo & by 6.0% in the 2nd quarter. Kelman Lazarov Inc. now owns 64,172 shares of the financial services provider’s stock valued at $3,556,000 after purchasing an additional 3,612 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its holdings in Wells Fargo & by 4.7% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 103,269 shares of the financial services provider’s stock valued at $5,722,000 after purchasing an additional 4,647 shares during the period. Institutional investors and hedge funds own 75.02% of the company’s stock.

Shares of Wells Fargo & (NYSE WFC) opened at 55.87 on Friday. The company’s 50-day moving average price is $54.01 and its 200-day moving average price is $53.51. Wells Fargo & has a 12-month low of $44.49 and a 12-month high of $59.99. The firm has a market capitalization of $275.32 billion, a PE ratio of 14.44 and a beta of 0.97.

Wells Fargo & (NYSE:WFC) last released its earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.20). Wells Fargo & had a return on equity of 12.59% and a net margin of 22.00%. The business had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.30 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. Analysts anticipate that Wells Fargo & will post $3.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 3rd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 2.79%. Wells Fargo &’s dividend payout ratio is 40.31%.

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About Wells Fargo &

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.

Analyst Recommendations for Wells Fargo & (NYSE:WFC)

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