Wells Fargo & Co (NYSE:WFC)‘s stock had its “buy” rating reissued by equities researchers at Keefe, Bruyette & Woods in a research note issued to investors on Tuesday.

Other equities analysts also recently issued research reports about the company. Goldman Sachs Group reissued a “buy” rating on shares of Wells Fargo & Co in a research report on Wednesday, October 11th. Vetr raised Wells Fargo & Co from a “sell” rating to a “hold” rating and set a $54.49 price target for the company in a research report on Tuesday, October 24th. Vertical Group assumed coverage on Wells Fargo & Co in a research report on Friday, October 6th. They set a “sell” rating for the company. Credit Suisse Group reissued a “hold” rating and set a $57.00 price target on shares of Wells Fargo & Co in a research report on Tuesday, October 10th. Finally, UBS Group set a $55.00 price target on Wells Fargo & Co and gave the stock a “hold” rating in a research report on Monday, October 16th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $61.10.

Wells Fargo & Co (NYSE:WFC) traded down $0.05 during midday trading on Tuesday, reaching $62.50. The company had a trading volume of 17,907,786 shares, compared to its average volume of 20,380,000. Wells Fargo & Co has a 12-month low of $49.27 and a 12-month high of $63.67. The stock has a market cap of $307,990.00, a P/E ratio of 15.13, a P/E/G ratio of 1.65 and a beta of 0.96. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 1.23.

Wells Fargo & Co (NYSE:WFC) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.07). Wells Fargo & Co had a net margin of 22.57% and a return on equity of 12.24%. The firm had revenue of $22.05 billion during the quarter, compared to analysts’ expectations of $22.64 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. equities research analysts anticipate that Wells Fargo & Co will post 4.68 earnings per share for the current year.

In related news, insider Michael J. Loughlin sold 17,482 shares of Wells Fargo & Co stock in a transaction on Monday, December 4th. The stock was sold at an average price of $57.80, for a total value of $1,010,459.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Richard Levy sold 97,000 shares of Wells Fargo & Co stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 184,482 shares of company stock worth $10,471,050 in the last quarter. 0.22% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Boston Partners raised its position in Wells Fargo & Co by 140.1% in the second quarter. Boston Partners now owns 19,088,621 shares of the financial services provider’s stock valued at $1,057,700,000 after purchasing an additional 11,139,780 shares during the period. Capital World Investors raised its position in Wells Fargo & Co by 10.8% in the second quarter. Capital World Investors now owns 111,753,448 shares of the financial services provider’s stock valued at $6,192,259,000 after purchasing an additional 10,927,679 shares during the period. Capital Research Global Investors raised its position in Wells Fargo & Co by 19.7% in the second quarter. Capital Research Global Investors now owns 45,327,803 shares of the financial services provider’s stock valued at $2,511,614,000 after purchasing an additional 7,445,414 shares during the period. Dimensional Fund Advisors LP raised its position in Wells Fargo & Co by 26.7% in the second quarter. Dimensional Fund Advisors LP now owns 29,838,289 shares of the financial services provider’s stock valued at $1,653,464,000 after purchasing an additional 6,291,906 shares during the period. Finally, Janus Henderson Group PLC raised its position in Wells Fargo & Co by 396.3% in the second quarter. Janus Henderson Group PLC now owns 5,894,918 shares of the financial services provider’s stock valued at $326,655,000 after purchasing an additional 4,707,207 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

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About Wells Fargo & Co

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 & Co (NYSE:WFC)

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