In today’s recent session, 4.99 million shares of the Wells Fargo & Co. (NYSE:WFC) have been traded, and its beta is 1.16. Most recently the company’s share price was $65.82, and it changed around $0.52 or 0.80% from the last close, which brings the market valuation of the company to $224.04B. WFC at last check was trading at a discount to its 52-week high of $66.00, offering almost -0.27% off that amount. The share price’s 52-week low was $38.69, which indicates that the recent value has risen by an impressive 41.22% since then. We note from Wells Fargo & Co.’s average daily trading volume that its 10-day average is 17.45 million shares, with the 3-month average coming to 17.70 million.
Wells Fargo & Co. stock received a consensus recommendation rating of Hold, based on a mean score of 1.96. If we narrow it down even further, the data shows that 4 out of 31 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 15 recommended WFC as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Wells Fargo & Co. is expected to report earnings per share of 1.32 for the current quarter.
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Wells Fargo & Co. (NYSE:WFC) trade information
Instantly WFC has been showing a green trend so far today with a performance of 0.80% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 66.39 on recent trading dayincreased the stock’s daily price by 0.86%. The company’s shares are currently up 33.73% year-to-date, but still up 1.95% over the last five days. On the other hand, Wells Fargo & Co. (NYSE:WFC) is 18.83% up in the 30-day period. We can see from the shorts that 35.72 million shares have been sold at a short interest cover period of 1.91 day(s).
The consensus price target as assigned by Wall Street analysts is $62, which translates to bulls needing to decrease their stock price by -6.16% from its current value. Analyst projections state that WFC is forecast to be at a low of $50 and a high of $75.
Wells Fargo & Co. (WFC) estimates and forecasts
Wells Fargo & Co. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 10.59 percent over the past six months and at a -3.13% annual growth rate that is well below the industry average of 20.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 2.30% in revenue this quarter, and will report a decrease of -3.30% in the next quarter.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of 20.48B in revenue for the current quarter. 11 analysts expect Wells Fargo & Co. to make 20.4B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 20.48B and 20.2B respectively. Forecasts for the next quarter put sales growth at 1.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 2.48%. Wells Fargo & Co. earnings are expected to increase by 9.07% in 2024, but the outlook is positive 8.39% per year for the next five years.
WFC Dividends
Wells Fargo & Co.’s next quarterly earnings report is expected to be released on 2025-Jan-15. The annual dividend yield of the stock is 2.20 percent and its annual dividend per share was 1.45. It is important to note, however, that the 2.20% 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 3.09 per year.
Wells Fargo & Co. (NYSE:WFC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.08% of Wells Fargo & Co. shares, and 77.98% of them are in the hands of institutional investors. The stock currently has a share float of 78.04%. Wells Fargo & Co. stock is held by 2747.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.7281% of the shares, which is about 310.73 million shares worth $18.45 billion.
BLACKROCK INC., with 7.1338% or 253.97 million shares worth $15.08 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
