Wells Fargo & Co (NYSE:WFC) has a beta value of 1.13 and has seen 12.61 million shares traded in the last trading session. The company, currently valued at $211.30B, closed the last trade at $63.70 per share which meant it lost -$0.98 on the day or -1.52% during that session. The WFC stock price is -4.22% off its 52-week high price of $66.39 and 38.16% above the 52-week low of $39.39. If we look at the company’s 10-day average daily trading volume, we find that it stood at 16.51 million shares traded. The 3-month trading volume is 17.72 million shares.
The consensus among analysts is that Wells Fargo & Co (WFC) is Buy stock at the moment, with a recommendation rating of 1.96. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 6 out of 18 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.32.
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Wells Fargo & Co (NYSE:WFC) trade information
Sporting -1.52% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the WFC stock price touched $63.70 or saw a rise of 4.05%. Year-to-date, Wells Fargo & Co shares have moved 29.42%, while the 5-day performance has seen it change -2.91%. Over the past 30 days, the shares of Wells Fargo & Co (NYSE:WFC) have changed 11.83%. Short interest in the company has seen 35.72 million shares shorted with days to cover at 1.91.
Wall Street analysts have a consensus price target for the stock at $62, which means that the shares’ value could drop -2.74% from current levels. The projected low price target is $50.0 while the price target rests at a high of $75.0. In that case, then, we find that the current price level is -17.74% off the targeted high while a plunge would see the stock lose 21.51% from current levels.
Wells Fargo & Co (WFC) estimates and forecasts
Figures show that Wells Fargo & Co shares have underperformed across the wider relevant industry. The company’s shares have gained 5.83% over the past 6 months, with this year growth rate of -3.13%, compared to 21.20% for the industry. Revenue growth from the last financial year stood is estimated to be -0.00%.
15 analysts offering their estimates for the company have set an average revenue estimate of 20.48B for the current quarter. 11 have an estimated revenue figure of 20.4B for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 2.48% over the past 5 years. Earnings growth for 2024 is a modest 9.13% while over the next 5 years, the company’s earnings are expected to increase by 8.39%.
WFC Dividends
Wells Fargo & Co is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.10 at a share yield of 1.73%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.07%.
Wells Fargo & Co (NYSE:WFC)’s Major holders
Insiders own 0.08% of the company shares, while shares held by institutions stand at 77.99% with a share float percentage of 78.05%. Investors are also buoyed by the number of investors in a company, with Wells Fargo & Co having a total of 2749.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 310.73 million shares worth more than $18.45 billion. As of 2024-06-30, VANGUARD GROUP INC held 8.7281% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 253.97 million shares as of 2024-06-30. The firm’s total holdings are worth over $15.08 billion and represent 7.1338% of shares outstanding.
