In the last trading session, 1,050,000,000 shares of the Wells Fargo & Company (NYSE:WFC) were traded, and its beta was 1.32. Most recently the company’s share price was $39.85, and it changed around $0.37 or 0.01% from the last close, which brings the market valuation of the company to $164.75 Billion. WFC currently trades at a discount to its 52-week high of $41.54, offering almost -4.24% off that amount. The share price’s 52-week low was $20.76, which indicates that the current value has risen by an impressive 47.9% since then. We note from Wells Fargo & Company’s average daily trading volume that its 10-day average is 30.77 Million shares, with the 3-month average coming to 36.47 Million.
Wells Fargo & Company stock received a consensus recommendation rating of Overweight, based on a mean score of 2.2. If we narrow it down even further, the data shows that none out of 27 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 10 recommended WFC as a Hold, whereas 14 deemed it a Buy, and no one rated it as Underweight. Wells Fargo & Company is expected to report earnings per share of $0.66 for the current quarter.
Wells Fargo & Company (NYSE:WFC): Trading Information
Instantly WFC has showed a green trend with a performance of 0.94% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $40.33 on Monday, Apr 05 increased the stock’s daily price by 1.19%. The company’s shares are currently up 0.32% year-to-date, but still up 0.0367 over the last five days. On the other hand, Wells Fargo & Company (NYSE:WFC) is 0.06% up in the 30-day period. We can see from the shorts that 58.47 Million shares have been sold at a short interest cover period of 1.6 day (s).
The consensus price target as assigned by Wall Street analysts is $42.38, which translates to bears needing to increase their stock price by 6.35% from its current value. Analyst projections state that WFC is forecast to be at a low of $34 and a high of $65. In order for the stock price to hit the forecast high, the stock would need to surge +63.11% from its current level, while the stock would need to crash -14.68% from its current level to reach the projected low.
Wells Fargo & Company (WFC) projections and forecasts
Wells Fargo & Company share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +66.11 percent over the past six months and at a 565.85% annual growth rate that is well above the industry average of 32.9%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +6500% in revenue this quarter, and will report an increase of 207.6% in the next quarter. The year-over-year growth rate is expected to be -4.3%, down from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of $17.41 Billion in revenue for the current quarter. 15 analysts expect Wells Fargo & Company to make $17.28 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $17.72 Billion and $17.84 Billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.7%. Forecasts for the next quarter put sales growth at -3.1%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -36.9%. Wells Fargo & Company earnings are expected to decrease by -89.8% in 2021, but the outlook is negative 0% per year for the next five years.
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WFC Dividend Yield
Wells Fargo & Company’s next quarterly earnings report is expected to be released around April 14, 2021. The annual dividend yield of the stock is 1.01 percent and its annual dividend per share was $0.4. It is important to note, however, that the 1.01% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.73% per year.
Wells Fargo & Company (NYSE:WFC)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.09% of Wells Fargo & Company shares, and 70.87% of them are in the hands of institutional investors. The stock currently has a share float of 70.93%. Wells Fargo & Company stock is held by 2174 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 7.65% of the shares, which is about 316.37 Million shares worth $9.55 Billion.
Blackrock Inc., with 6.87% or 283.86 Million shares worth $8.57 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Dodge & Cox Stock Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 111000000 shares worth $3.34 Billion, making up 2.68% of all outstanding shares. On the other hand, Dodge & Cox Stock Fund held roughly 87.37 Million shares worth around $2.64 Billion, which represents about 2.11% of the total shares outstanding.