In last trading session, Wells Fargo & Co. (NYSE:WFC) saw 18.27 million shares changing hands with its beta currently measuring 1.16. Company’s recent per share price level of $64.36 trading at -$0.02 or -0.03% at ring of the bell on the day assigns it a market valuation of $219.07B. That closing price of WFC’s stock is at a discount of -0.54% from its 52-week high price of $64.71 and is indicating a premium of 40.06% from its 52-week low price of $38.58. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 18.8 million shares which gives us an average trading volume of 17.07 million if we extend that period to 3-months.
For Wells Fargo & Co. (WFC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 18 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 12 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 1.32 in the current quarter.
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Wells Fargo & Co. (NYSE:WFC) trade information
Upright in the red during last session for losing -0.03%, in the last five days WFC remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $64.36 price level, adding 0.65% to its value on the day. Wells Fargo & Co.’s shares saw a change of 30.76% in year-to-date performance and have moved 5.53% in past 5-day. Wells Fargo & Co. (NYSE:WFC) showed a performance of 15.34% in past 30-days. Number of shares sold short was 31.01 million shares which calculate 1.48 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 62 to the stock, which implies a fall of -3.81% to its current value. Analysts have been projecting 50 as a low price target for the stock while placing it at a high target of 75. It follows that stock’s current price would jump 22.31% in reaching the projected high whereas dropping to the targeted low would mean a gain of 22.31% for stock’s current value.
Wells Fargo & Co. (WFC) estimates and forecasts
Statistics highlight that Wells Fargo & Co. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 6.64% of value to its shares in past 6 months, showing an annual growth rate of -3.13% while that of industry is -2.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
15 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 20.48B for the same. And 11 analysts are in estimates of company making revenue of 20.38B in the next quarter. Company posted 20.48B and 20.2B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 2.48% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 9.06% while estimates for its earnings growth in next 5 years are of 7.52%.
WFC Dividends
Wells Fargo & Co. is more likely to be releasing its next quarterly report on 2025-Jan-15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.25%, the share has a forward dividend of 1.45 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.09%.
Wells Fargo & Co. (NYSE:WFC)’s Major holders
Insiders are in possession of 0.08% of company’s total shares while institution are holding 77.86 percent of that, with stock having share float percentage of 77.92%. Investors also watch the number of corporate investors in a company very closely, which is 77.86% institutions for Wells Fargo & Co. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at WFC for having 310.73 million shares of worth $18.45 billion. And as of 2024-06-30, it was holding 8.7281 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 253.97 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.1338 of outstanding shares, having a total worth of $15.08 billion.
