Wells Fargo & Company (NYSE:WFC) was upgraded by equities research analysts at Vertical Group from a “sell” rating to a “buy” rating in a research report issued to clients and investors on Thursday, The Fly reports.

A number of other equities research analysts also recently weighed in on WFC. Vetr downgraded Wells Fargo & Company from a “hold” rating to a “sell” rating and set a $53.07 price target on the stock. in a research report on Monday, October 2nd. Instinet restated a “buy” rating and set a $65.00 price target (up previously from $64.00) on shares of Wells Fargo & Company in a research report on Saturday, September 30th. Nomura raised their price objective on Wells Fargo & Company from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, September 28th. UBS set a $57.00 price objective on Wells Fargo & Company and gave the company a “neutral” rating in a research note on Friday, October 6th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $59.00 target price on shares of Wells Fargo & Company in a research note on Monday, October 16th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $57.25.

Wells Fargo & Company (NYSE WFC) traded up $0.02 during trading hours on Thursday, hitting $58.57. The company’s stock had a trading volume of 26,758,300 shares, compared to its average volume of 18,356,119. The stock has a market capitalization of $294,100.00, a P/E ratio of 14.14, a P/E/G ratio of 1.41 and a beta of 0.96. Wells Fargo & Company has a 12-month low of $49.27 and a 12-month high of $59.99. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.20). Wells Fargo & Company had a return on equity of 12.59% and a net margin of 22.00%. The company had revenue of $21.93 billion for the quarter, compared to analysts’ expectations of $22.30 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The company’s revenue was down 1.8% on a year-over-year basis. equities analysts forecast that Wells Fargo & Company will post 3.97 earnings per share for the current year.

In other news, insider John R. Shrewsberry sold 70,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $56.90, for a total transaction of $3,983,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Loughlin sold 17,482 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $57.80, for a total transaction of $1,010,459.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 184,482 shares of company stock valued at $10,471,050. 0.22% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of WFC. Patriot Financial Group Insurance Agency LLC boosted its holdings in Wells Fargo & Company by 0.3% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock worth $106,000 after buying an additional 6 shares during the period. Winch Advisory Services LLC boosted its holdings in Wells Fargo & Company by 0.7% in the 2nd quarter. Winch Advisory Services LLC now owns 2,776 shares of the financial services provider’s stock worth $154,000 after buying an additional 20 shares during the period. Jackson Grant Investment Advisers Inc. boosted its holdings in Wells Fargo & Company by 0.5% in the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 4,928 shares of the financial services provider’s stock worth $274,000 after buying an additional 24 shares during the period. Financial Advisory Group boosted its holdings in Wells Fargo & Company by 0.7% in the 2nd quarter. Financial Advisory Group now owns 5,029 shares of the financial services provider’s stock worth $279,000 after buying an additional 35 shares during the period. Finally, Keystone Financial Planning Inc. boosted its holdings in Wells Fargo & Company by 0.6% in the 1st quarter. Keystone Financial Planning Inc. now owns 6,755 shares of the financial services provider’s stock worth $376,000 after buying an additional 39 shares during the period. 75.77% of the stock is owned by hedge funds and other institutional investors.

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About Wells Fargo & Company

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.

The Fly

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

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