News articles about Wells Fargo & Co (NYSE:WFC) have trended somewhat positive on Saturday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Wells Fargo & Co earned a news sentiment score of 2.00 on their scale. InfoTrie also gave media coverage about the financial services provider an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Wells Fargo & Co’s ranking:
- Analyzing Wells Fargo & Co (WFC) & UBS Group (UBS) (americanbankingnews.com)
- Wells Fargo Real Estate Investment Corporation Declares Dividend on Series A Preferred Stock (finance.yahoo.com)
- Wells Fargo says it’s cleaning up. Regulators demand more (latimes.com)
- Wells Fargo & Co (WFC) PT Lowered to $60.00 (americanbankingnews.com)
- Friday’s Vital Data: Disney, Amazon and Wells Fargo (investorplace.com)
A number of research firms have recently weighed in on WFC. Credit Suisse Group lowered their price target on shares of Wells Fargo & Co from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday. UBS Group set a $63.00 price target on shares of Wells Fargo & Co and gave the stock a “buy” rating in a research note on Friday, September 28th. BMO Capital Markets upped their price target on shares of Wells Fargo & Co to $65.00 and gave the stock a “market perform” rating in a research note on Monday, October 15th. Macquarie cut shares of Wells Fargo & Co from an “outperform” rating to a “neutral” rating in a research note on Friday, September 7th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of Wells Fargo & Co from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $63.61.
Wells Fargo & Co stock opened at $50.26 on Friday. Wells Fargo & Co has a 12-month low of $50.02 and a 12-month high of $66.31. The stock has a market cap of $249.20 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.02 and a beta of 1.00. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 0.87.
Wells Fargo & Co (NYSE:WFC) last released its quarterly earnings results on Friday, October 12th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.04). Wells Fargo & Co had a return on equity of 12.69% and a net margin of 23.17%. The firm had revenue of $21.94 billion for the quarter, compared to analyst estimates of $21.90 billion. As a group, equities research analysts expect that Wells Fargo & Co will post 4.5 EPS for the current fiscal year.
Wells Fargo & Co announced that its board has initiated a stock buyback program on Tuesday, October 23rd that permits the company to buyback 350,000,000 outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Friday, November 9th were paid a dividend of $0.43 per share. The ex-dividend date was Thursday, November 8th. This represents a $1.72 annualized dividend and a dividend yield of 3.42%. Wells Fargo & Co’s dividend payout ratio is currently 41.85%.
Wells Fargo & Co Company Profile
Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.
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