In the latest trading session,, 5.88 million Wells Fargo & Co. (NYSE:WFC) shares changed hands as the company’s beta touched 1.17. With the company’s most recent per share price at $54.74 changing hands around $0.15 or 0.27% at last look, the market valuation stands at $186.32B. WFC’s current price is a discount, trading about -14.27% off its 52-week high of $62.55. The share price had its 52-week low at $38.38, which suggests the last value was 29.89% up since then. When we look at Wells Fargo & Co.’s average trading volume, we note the 10-day average is 14.28 million shares, with the 3-month average coming to 17.21 million.
Analysts gave the Wells Fargo & Co. (WFC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.15. If we narrow down to specifics, the data shows that 0 out of 18 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended WFC as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight.
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Wells Fargo & Co. (NYSE:WFC) trade information
Instantly WFC is in green as seen in intraday trades today. With action -6.22%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 11.21%, with the 5-day performance at -6.22% in the red. However, in the 30-day time frame, Wells Fargo & Co. (NYSE:WFC) is 3.75% up. Looking at the short shares, we see there were 29.57 million shares sold at short interest cover period of 1.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is 59, meaning bulls need an upside of 7.22% from its recent market value. According to analyst projections, WFC’s forecast low is 50 with 67 as the target high. To hit the forecast high, the stock’s price needs a -22.4% plunge from its current level, while the stock would need to tank 8.66% for it to hit the projected low.
Wells Fargo & Co. (WFC) estimates and forecasts
Data shows that the Wells Fargo & Co. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -4.12% over the past 6 months, a -6.08% in annual growth rate that is considerably lower than the industry average of -3.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 2.48%. The 2024 estimates are for Wells Fargo & Co. earnings to increase by 5.06%, but the outlook for the next 5-year period is at 8.41% per year.
Wells Fargo & Co. (NYSE:WFC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.08% of Wells Fargo & Co. shares while 76.60% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 76.66%. There are 76.60% institutions holding the Wells Fargo & Co. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.7281% of the shares, roughly 310.73 million WFC shares worth $18.45 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.1338% or 253.97 million shares worth $15.08 billion as of 2024-06-30.
