Wells Fargo & Co (NYSE:WFC) will issue its quarterly earnings data before the market opens on Friday, January 12th. Analysts expect the company to announce earnings of $1.04 per share for the quarter.

Wells Fargo & Co (NYSE:WFC) last announced its earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). The company had revenue of $21.93 billion during the quarter, compared to analysts’ expectations of $22.30 billion. Wells Fargo & Co had a net margin of 22.00% and a return on equity of 12.59%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 earnings per share. On average, analysts expect Wells Fargo & Co to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Wells Fargo & Co (WFC) opened at $62.33 on Friday. The firm has a market cap of $307,150.00, a P/E ratio of 16.11, a P/E/G ratio of 1.72 and a beta of 0.96. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.89. Wells Fargo & Co has a one year low of $49.27 and a one year high of $63.05.

In other news, VP Richard Levy sold 97,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $56.47, for a total value of $5,477,590.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael J. Loughlin sold 17,482 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was 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. Insiders have sold 184,482 shares of company stock worth $10,471,050 over the last three months. Insiders own 0.22% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Amussen Hunsaker & Associates LLC bought a new position in shares of Wells Fargo & Co in the second quarter worth approximately $625,000. Schafer Cullen Capital Management Inc. grew its holdings in shares of Wells Fargo & Co by 2.4% in the second quarter. Schafer Cullen Capital Management Inc. now owns 2,480,541 shares of the financial services provider’s stock worth $137,447,000 after purchasing an additional 57,401 shares during the last quarter. Keel Point LLC grew its holdings in shares of Wells Fargo & Co by 4.8% in the second quarter. Keel Point LLC now owns 9,439 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 435 shares during the last quarter. Schneider Capital Management Corp bought a new position in shares of Wells Fargo & Co in the second quarter worth approximately $17,007,000. Finally, Sterling Capital Management LLC grew its holdings in shares of Wells Fargo & Co by 1.5% in the second quarter. Sterling Capital Management LLC now owns 1,758,084 shares of the financial services provider’s stock worth $97,415,000 after purchasing an additional 26,484 shares during the last quarter. Hedge funds and other institutional investors own 75.70% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $59.00 target price on shares of Wells Fargo & Co in a research note on Thursday. Sanford C. Bernstein raised shares of Wells Fargo & Co from a “market perform” rating to an “outperform” rating and raised their target price for the company from $64.00 to $69.00 in a research note on Wednesday. Vetr downgraded shares of Wells Fargo & Co from a “hold” rating to a “sell” rating and set a $53.07 target price on the stock. in a research note on Monday, October 2nd. Barclays raised their target price on shares of Wells Fargo & Co from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Instinet reaffirmed a “buy” rating and issued a $65.00 target price (up from $64.00) on shares of Wells Fargo & Co in a research note on Saturday, September 30th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $58.87.

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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.

Earnings History for Wells Fargo & Co (NYSE:WFC)

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