Wells Fargo & Co (NYSE:WFC) was the target of a significant drop in short interest in the month of December. As of December 29th, there was short interest totalling 33,994,025 shares, a drop of 20.2% from the December 15th total of 42,618,653 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 14,477,538 shares, the short-interest ratio is currently 2.3 days.

Shares of Wells Fargo & Co (NYSE WFC) opened at $62.55 on Tuesday. Wells Fargo & Co has a 52 week low of $49.27 and a 52 week high of $63.67. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $308,240.00, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96.

Wells Fargo & Co (NYSE:WFC) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $0.97 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $22.05 billion during the quarter, compared to analyst estimates of $22.64 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. equities research analysts predict that Wells Fargo & Co will post 4.68 EPS for the current year.

WFC has been the subject of several research analyst reports. Vertical Group upgraded Wells Fargo & Co from a “sell” rating to a “buy” rating in a research report on Thursday, December 7th. Sandler O’Neill upgraded Wells Fargo & Co from a “hold” rating to a “buy” rating and increased their price objective for the company from $62.04 to $73.00 in a research note on Tuesday, January 9th. Goldman Sachs Group reiterated a “buy” rating on shares of Wells Fargo & Co in a research note on Wednesday, October 11th. Royal Bank of Canada reiterated a “buy” rating and issued a $60.00 price objective on shares of Wells Fargo & Co in a research note on Wednesday, November 15th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $59.00 price objective on shares of Wells Fargo & Co in a research note on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Wells Fargo & Co presently has an average rating of “Hold” and a consensus price target of $60.89.

In other news, insider Michael J. Loughlin sold 17,482 shares of the firm’s stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard Levy sold 97,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was 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. Over the last 90 days, insiders have sold 184,482 shares of company stock valued at $10,471,050. Company insiders own 0.22% of the company’s stock.

A number of institutional investors have recently bought and sold shares of WFC. 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 purchasing an additional 3,621,402 shares in the last quarter. 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 purchasing an additional 10,927,679 shares in the last quarter. 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 purchasing an additional 7,445,414 shares in the last quarter. 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 purchasing an additional 5,305,125 shares in the last quarter. 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 purchasing an additional 368,667 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

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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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