Wells Fargo & Co (NYSE:WFC) – Analysts at Oppenheimer issued their Q1 2018 earnings per share (EPS) estimates for shares of Wells Fargo & Co in a research report issued to clients and investors on Tuesday. Oppenheimer analyst C. Kotowski anticipates that the financial services provider will post earnings of $1.16 per share for the quarter. Oppenheimer also issued estimates for Wells Fargo & Co’s Q2 2018 earnings at $1.21 EPS, Q3 2018 earnings at $1.27 EPS, Q4 2018 earnings at $1.28 EPS and FY2019 earnings at $5.43 EPS.

WFC has been the subject of several other research reports. Goldman Sachs Group reissued a “buy” rating on shares of Wells Fargo & Co in a report on Wednesday, October 11th. Vetr raised shares of Wells Fargo & Co from a “sell” rating to a “hold” rating and set a $54.49 price objective for the company in a report on Tuesday, October 24th. Vertical Group began coverage on shares of Wells Fargo & Co in a report on Friday, October 6th. They issued a “sell” rating for the company. Credit Suisse Group reaffirmed a “hold” rating and issued a $57.00 price target on shares of Wells Fargo & Co in a report on Tuesday, October 10th. Finally, UBS Group set a $55.00 price target on shares of Wells Fargo & Co and gave the company a “hold” rating in a report on Monday, October 16th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $58.69.

Wells Fargo & Co (WFC) opened at $62.30 on Thursday. Wells Fargo & Co has a 1-year low of $49.27 and a 1-year high of $62.24. The company has a market cap of $303,360.00, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96. 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 & Co (NYSE:WFC) last released its quarterly earnings data on Friday, October 13th. The financial services provider reported $0.84 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.20). Wells Fargo & Co had a net margin of 22.00% and a return on equity of 12.59%. The company had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.30 billion. During the same period last year, the company earned $1.03 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis.

In related news, insider Michael J. Loughlin sold 17,482 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $57.80, for a total value of $1,010,459.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Richard Levy sold 97,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $56.47, for a total transaction of $5,477,590.00. The disclosure for this sale can be found here. Insiders sold a total of 184,482 shares of company stock worth $10,471,050 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Wells Fargo & Co by 1.2% during the second quarter. Vanguard Group Inc. now owns 314,755,460 shares of the financial services provider’s stock worth $17,440,601,000 after acquiring an additional 3,621,402 shares during the period. Capital World Investors increased its position in shares of Wells Fargo & Co by 10.8% during the second quarter. Capital World Investors now owns 111,753,448 shares of the financial services provider’s stock worth $6,192,259,000 after acquiring an additional 10,927,679 shares during the period. Capital Research Global Investors increased its position in shares of Wells Fargo & Co by 19.7% during the second quarter. Capital Research Global Investors now owns 45,327,803 shares of the financial services provider’s stock worth $2,511,614,000 after acquiring an additional 7,445,414 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Wells Fargo & Co by 17.8% during the third quarter. Dimensional Fund Advisors LP now owns 35,143,414 shares of the financial services provider’s stock worth $1,937,888,000 after acquiring an additional 5,305,125 shares during the period. Finally, Davis Selected Advisers increased its position in shares of Wells Fargo & Co by 1.4% during the third quarter. Davis Selected Advisers now owns 26,335,478 shares of the financial services provider’s stock worth $1,451,064,000 after acquiring an additional 368,667 shares during the period. 75.70% of the stock is currently owned by institutional investors and hedge funds.

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Wells Fargo & Co Company Profile

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.

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