Wells Fargo & Co. (NYSE:WFC)’s traded shares stood at 1.35 million during the latest session, with the company’s beta value hitting 1.15. At the last check today, the stock’s price was $65.59, to imply an increase of 0.24% or $0.16 in intraday trading. The WFC share’s 52-week high remains $65.57, putting it 0.03% up since that peak but still an impressive 41.18% since price per share fell to its 52-week low of $38.58. The company has a valuation of $223.25B, with an average of 22.28 million shares in intraday trading volume over the past 10 days and average of 17.56 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Wells Fargo & Co. (WFC), translating to a mean rating of 2.00. Of 18 analyst(s) looking at the stock, 0 analyst(s) give WFC a Sell rating. 0 of those analysts rate the stock as Overweight while 6 advise Hold as 12 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.32.
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Wells Fargo & Co. (NYSE:WFC) trade information
After registering a 0.24% upside in the latest session, Wells Fargo & Co. (WFC) has traded red over the past five days. The 5-day price performance for the stock is 1.91%, and 16.31% over 30 days. With these gigs, the year-to-date price performance is 33.26%. Short interest in Wells Fargo & Co. (NYSE:WFC) saw shorts transact 31.01 million shares and set a 1.48 days time to cover.
The extremes give us $50 and $75 for target low and target high price respectively. As such, WFC has been trading -14.35% off suggested target high and 23.77% from its likely low.
Wells Fargo & Co. (WFC) estimates and forecasts
Looking at statistics comparing Wells Fargo & Co. share performance against respective industry, we note that the company has underperformed competitors. Wells Fargo & Co. (WFC) shares are 9.48% up over the last 6 months, with its year-to-date growth rate lower than industry average at -3.13% against 21.20%. Revenue is forecast to grow 2.30% this quarter before falling -3.30% for the next one.
Revenue forecast for the current quarter as set by 15 analysts is 20.48B. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 20.37B.Earnings reports from the last fiscal year show that sales brought in 20.48B and 20.2B respectively in the corresponding quarters.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 2.48% for the past 5-year period. While 2024 is set for a 9.06% return in earnings, projections for the next 5 years are at 8.39% annually.
WFC Dividends
Wells Fargo & Co. has its next earnings report out on 2025-Jan-15. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Wells Fargo & Co. has a forward dividend ratio of 1.45, with the share yield ticking at 2.21% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.09%.
Wells Fargo & Co. (NYSE:WFC)’s Major holders
Wells Fargo & Co. insiders hold 0.08% of total outstanding shares, with institutional holders owning 77.97% of the shares at 78.03% float percentage. In total, 77.97% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 310.73 million shares (or 8.7281% of shares), all amounting to roughly $18.45 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 253.97 million shares, or about 7.1338% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $15.08 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Wells Fargo & Co. (WFC) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 110.07 shares. This is just over 3.23% of the total shares, with a market valuation of $7.22 billion. Data from the same date shows that the other fund manager holds a little less at 89.48, or 2.63% of the shares, all valued at about 5.87 billion.
